Disseminated on behalf of: GRG Resources Corp.
Niko Cacos, President and CEO of GRG Resources Corp. (TSXV: GRG | OTCQB: GARWF | FSE: G6A), formerly Golden Arrow Resources, discusses the mineral explorer’s focus on gold discovery at its flagship Atakama Gold project in Chile, supported by a large portfolio of projects in Argentina built on three decades of work in that country. Following the August sale of the copper assets at its San Pietro project, the company has modernized its name and brand, and with a significant amount of cash in its treasury and drilling underway at Atakama, GRG Resources is positioning itself to capitalize on its next potential discovery.
Atakama Gold project: a grassroots gold discovery in Chile
GRG Resources’ flagship project is a discovery of its own making. Atakama Gold covers the southern portion of the former San Pietro project, which the company retained for its gold-bearing potential after separating and selling the northern part that contained all the copper. According to Cacos, “Atakama is, I’m proud to say, a grassroots discovery by our team in Chile.”
What sets the project apart is scale at surface. Atakama hosts four large zones, and the team has completed a substantial amount of surface trenching and geophysics.
The next step is to test whether the mineralization seen at surface continues at depth. If it does, he believes Atakama could prove to be a discovery of real scale. This approach gives GRG Resources a flagship asset its own team found and has tested at surface ahead of drilling.
Gold exploration pipeline in Chile and Argentina for investors
With drilling underway in Chile and a portfolio of projects in Argentina, GRG Resources is strategically positioned to offer investors multiple paths to discovery. Cacos describes the Argentina portfolio as “the heritage of three decades of work and experience in that country.” The company has optimized the portfolio and holds a couple of joint ventures, along with a royalty on Mogotes Metals’ Filo Sur property, which Cacos places in one of the most important emerging districts in the world.
Earlier this fall, the company agreed to sell its 1.5% NSR royalty on the Filo Sur project to Mogotes Metals for $13 million, subject to a definitive agreement. Cacos sees the sale as a payoff from the company’s portfolio strategy. Each of the remaining projects carries substantial potential for discovery. Cacos describes them as being in the greenhouse, where the company works to grow them into the next discovery in its pipeline. With a flagship gold project, joint venture interests, and a pending royalty sale that would add non-dilutive capital, the company aims to give investors early-stage entry into gold exploration.
San Pietro copper sale funds the Atakama drill program
Recent milestones include the completed sale of the San Pietro copper assets, which Cacos calls “a transformative transaction for our company.” The copper discovery was significant, but it required the deep pockets of a major company to move it forward, and Cacos notes it wasn’t quite the right exploration project for a company of GRG Resources’ size. The sale left GRG Resources fully cashed up, and the company followed it with a name change from Golden Arrow Resources to reflect its new projects and next steps.
Drilling at Atakama is now testing four significant surface targets to determine the extent of mineralization at depth, with the ultimate objective of emerging with a resource. Looking ahead, Cacos expects the next six to 12 months to yield a lot of news and information from these exploration programs, which he says will make it an exciting time for investors.
GRG Resources positioned for gold exploration news flow
As GRG Resources continues to drill its grassroots Atakama Gold discovery, it stands at the intersection of a fully cashed-up treasury and a pipeline of exploration projects. With drilling underway in Chile and a royalty and joint ventures in Argentina, the company is positioned to deliver steady exploration progress across both jurisdictions. As Cacos puts it, this is the perfect time to be watching GRG Resources.
Transcript
Transcript lightly edited for clarity
Jim Gordon: Hi, I’m Jim Gordon, and you’re watching Market One Minute. Joining us is Niko Cacos. He’s the President and CEO of GRG Resources Corp. Niko, welcome.
Niko Cacos: Nice to be here. Thank you for having me.
Jim Gordon: It’s great to have you. Okay, Golden Arrow Resources is now GRG Resources. Why the name change, and what does this say about where the company is headed?
Niko Cacos: This was the right time to update and modernize our name and our brand. In our heritage, we have lots to be proud of. There are a lot of discoveries and a lot of good work that has been done. Now, we’re at a point where we’ve monetized our San Pietro copper projects, and we have a significant amount of cash in our treasury. Looking forward, it was time to have an image that reflects that forward-thinking of our new projects and our new steps going forward.
Jim Gordon: And Niko, in August, you completed the sale of copper assets at your San Pietro project in Chile. What does that transaction mean to the company?
Niko Cacos: This was a transformative transaction for our company. The copper assets that we had were a significant discovery, but it required the deep pockets of a major company to move it forward. It wasn’t quite the right exploration project for a company our size.
San Pietro was a big, big project. We were able to strip out the northern part, which contained all the copper, and sell that one. We retained the southern portion of the San Pietro project, which has gold-bearing potential. And that’s what we call Atakama Gold now.
Jim Gordon: And Atakama is now your flagship gold project in Chile. What makes this project stand out?
Niko Cacos: Atakama is, I’m proud to say, a grassroots discovery by our team in Chile. And what makes it really stand out is that we have four large zones here. We’ve been able to execute a lot of surface trenching and geophysics, and all the results that we’ve gotten back so far indicate that there’s excellent potential here to make a discovery. If these results that we see on the surface continue at depth, I think we could be onto our next new discovery here.
Jim Gordon: What is the plan for the first drill program at Atakama, and what will it be testing?
Niko Cacos: At Atakama, drilling is underway. We have four significant targets on the surface. And drilling is going to test the extent of mineralization at depth. And the ultimate objective here, of course, is to emerge with a resource.
Jim Gordon: And Niko, beyond Chile, GRG Resources holds a portfolio of projects in Argentina. How do they fit into this strategy?
Niko Cacos: Our projects in Argentina are the heritage of three decades of work and experience in that country. It’s a large portfolio of projects. We’ve optimized this portfolio. We have a couple of joint ventures. We’ve got a royalty on Mogotes Metals’ Filo Sur property, which is in one of the most important emerging districts in the world right now. So, we’ve got upside potential for that. And all these projects contain substantial potential for making discoveries. They’re basically in the greenhouse, and we try to grow them up to become the next discovery in our pipeline of projects.
Jim Gordon: And finally, what should investors be watching for with GRG Resources over the next six to 12 months?
Niko Cacos: This is the perfect time to be watching GRG Resources. Right now, we are fully cashed up with the sale of the San Pietro copper project. We’ve got drilling that’s underway with the Atakama gold property. And the next six to 12 months are going to yield a lot of news and information coming out of these exploration programs. And this is going to be an exciting time for our investors.
Jim Gordon: Niko Cacos, President and CEO of GRG Resources, thank you for joining us.
Niko Cacos: Thank you for having me.
Jim Gordon: For Market One Minute, I’m Jim Gordon.
The scientific and technical information contained within this article has been reviewed and approved by Brian McEwen, P.Geol., VP Exploration and Development of the company, who is a Qualified Person, as defined under the terms in National Instrument 43-101.
About GRG Resources Corp.
GRG Resources is a mineral exploration company with a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits. GRG Resources is actively exploring a portfolio of projects in Chile and Argentina. The Company is an affiliated company of Grosso Group, a resource focused management organization that provides operational support to its affiliated companies as they advance quality resource projects.
Learn more at grgresources.com.
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