Angold Resources
Financials:
Primary ticker: TSXV:AAU, FRA:13L, OTCQB:AAUGF
Stage of development: Exploration
Primary minerals: Precious Metals
Project to promote: Dorado, Cordillera, Iron Butte
Project location: USA, Chile
Website: www.angoldresources.co
Year-round exploration, targeting multi-million ounce gold deposits in the highly prospective jurisdictions of the Maricunga, Chile, and USA – on high potential assets.
Cash: CAD$1.0M
Debt: NIL
Major shareholders:
Insiders & Advisors – 17.5%
Institutions – 10%
Management Ownership – 17.5%
Management Profile
Adrian Rothwell – PRESIDENT, CEO & DIRECTOR
Over 25 years experience in the mining sector which includes the founding, operating and sale of a number of junior exploration ventures.
Director of Fireweed Zinc Ltd. (TSXV:FWZ ).
Founder & former Director of KORE Mining Ltd (TSXV:KORE), and former Director of Lucky Minerals Inc., (TSXV:LKY), executive at Goldcorp (now Newmont Corp NYSE:NEM) and was CFO for NuLegacy Gold, Kiska Metals, Garson Gold and MBMI Resources.
What is your rationale for taking part in 121 Mining Investment?
Seeking strategic and institutional investors.
What recent news would you like to highlight to investors attending?
October 17, 2022: Angold Enters Into Option to Acquire the Hope Butte Gold Project, Oregon, USA
September 13, 2022: Angold Commences Field Work at Uchi, Canada
April 19, 2022: Angold Commences Drill Program, Outlines Targets At Iron Butte, Nevada
February 22, 2022: Angold Discovers New Gold Zones, Stakes Additional 1,540 AC. at Iron Butte, Nevada
January 26, 2022: ANGOLD PROVIDES UPDATE OF FIELD WORK, DISCOVERS NEW ZONES AT CORDILLERA, CHILE
January 13, 2022: ANGOLD SAMPLES UP TO 11.85 g/t GOLD AT DORADO, CHILE
October 6, 2021: ANGOLD COMMENCES FIELD WORK AT IRON BUTTE, NEVADA
September 8, 2021: ANGOLD SAMPLES UP TO 11.95 g/t GOLD AT CORDILLERA, CHILE
June 22, 2021: ANGOLD UPDATES DRILLING AT DORADO INDICATING NEW GOLD ZONES
April 27, 2021: ANGOLD DISCOVERS NEW MINERALIZATION AT LAJITAS SOUTH TARGET, DORADO PROJECT
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Acquisition of targets in the USA, complete drilling at Iron Butte, discovery and expansion of historic resource footprint
6 Months:
Completion of permitting at Dorado, Chile, drill program at Cordillera, Chile and testing new targets in North America (Uchi, others)
12 Months:
Continued drilling in the USA and Chile. Drilling of new contiguous mineralization at Lajitas South (Dorado)
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
As an exploration company, limited windows of liquidity and favourable market conditions will always drive investment in projects. We overcome the risk of missing a discovery opportunity through raising sufficient funds to “move the needle” on a portfolio of projects. We focus on the right jurisdictions – favourable jurisdictions with proven track records, and on projects that warrant further investment.
What do you think makes your company such a compelling investment?
Multiple high quality jurisdictions (USA, Canada and Chile), experienced team and historic resources over 1Moz Au.
What are the top 3 key investor takeaways?
1. We are seeking institutional or strategic investment for continued drilling on three opportunities for resource growth. 2. Additional actions may provide upside in each jurisdiction with our intensive corporate development program. 3. Value is created through discovery. Angold already has one major discovery under its belt in a single year. We look forward to more.