With the resumption of the gold bull market underway explorers are back on the prowl for large scale economic gold resources in safe jurisdictions. Canada is ground zero for mining with not only a vast array of natural resources but also favorable mining laws and a straightforward path to permitting a project. British Columbia’s Golden Triangle is home to some of the world’s largest and highest grade copper/gold porphyrys.
Enter OK2 Minerals (OK.V), a C$9 million market cap British Columbia explorer that boasts one of the most impressive management teams of any exploration company in the market today. OK2 has a team with a combined track record of several billion dollars in deals. It’s a rare combination, of successful explorationists, mine builders and financiers that should be paid very close attention to as this team deserves much more credit than a single digit market cap.
CEO Mike Devji is an experienced financier of publicly traded resource companies with the two largest deals in which he has played an instrumental role totalling nearly C$1 billion in M&A. Most recently was the driving force behind Orko Silver and its $380M buyout by Coeur Mining .
Adding to the capital markets is Blair Schultz, former Chairman and current director of Klondex Mines (KDX:TSX) a billion dollar gold producer. Mr. Schultz seems to be putting his money where his mouth is, recently buying an additional 450,000 shares in the open market at $0.14 cents per share.
Recently added was President Jim Currie who has 35 years of experience in the mining industry and recently helped lead Pretium Resources’ development of the Brucejack high-grade gold project in British Columbia. Also, as former COO of New Gold (built the New Af mine) Mr. Currie is proven to have extensive experience in mining in British Columbia.
George Cavey, has as impressive of a resume as any geologist out there, with the notable discovery of Orko Silver’s La Preciosa silver deposit and with his direct involvement in the discovery of the Eskay Creek gold & silver deposit. In 2010 he was the recipient of the Canadian Professional Geoscientist Award, Canada’s highest honor for a Professional Geoscientist. Once again, highly experienced in exploration in British Columbia where they are keenly focused.
This all star team has come together at OK2 Minerals in hopes to make the next big copper gold discovery in western Canada. OK2’s first focus, the Pyramid Project located at the northern end of BC’s ‘Golden Triangle’, offers several strong structural trends transecting the Pyramid Property at a regional scale. The property is located within the prolific Quesnel Terrane, home to porphyry Cu-Au mines such as Mt Milligan, Mt Polley, and Gibraltar.
OK2 recently completed its phase 1 exploration program at Pyramid and the company was pleased to report a sample grab grading ~83 grams/tonne au. The Company has commenced a 5-10 hole, reverse circulation (RC) drill program on the West Zone. The helicopter supported RC rig has capabilities of reaching 200m depth and will be used primarily as a reconnaissance drill that will help prioritize areas for subsequent diamond drilling.
OK2 is committed to fully exploring this under-explored project and making the next big copper/gold porphyry discovery in British Columbia. An investment in OK shares is a bet on a first class management team and an area of British Columbia that has an extensive history of mining discoveries and impressive geology. Simply stated, the gold is down there and this is the team to find it.
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