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TDG Gold CEO Fletcher Morgan sees their recent letter of intent to acquire Kingsgate’s Nueva Esperanza silver-gold project puts them at par with companies that consolidate assets within the gold production corridor, and within the American belt.
“We started talking to Kingsgate several months ago because Nueva Esperanza is a fabulous fit for our existing portfolio of projects. It’s a silver-gold based project of about 65 percent silver and 35 percent gold,” Morgan said.
The Nueva Esperanza project is located in the northern half of the Maricunga Belt, 140 kilometres northeast of the city of Copiapo, which is a regional mining centre. The property has a measured and indicated mineral resource of 28.8 million tonnes containing 68.6 million ounces silver at an average grade of 74 grams per tonne and 400,000 oz gold at an average grade of 0.43 g/t.
According to Morgan, the company will be heading into production to become an emerging producer of six to seven million ounces a year of silver equivalent in America.
“The world silver supply has moved into a deficit of around 100 to 150 million ounce mark. And we’d like to help fill that supply gap. We see solid economics for silver moving forward, and the projects that we’ve picked are highly leveraged to the price of silver,” said Fletcher.
TDG Gold Corp (TSXV:TDG) has over 23,000 hectares of brownfield and greenfield exploration opportunities across its existing five mining projects: Shasta, Baker, Mets, Bot and Oxide Peak.
Watch the full interview of TDG Gold Corp (TSXV:TDG) CEO Fletcher Morgan above.
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.