cover of episode Eric Sprott Funded Gold Explorer Pursues “Billion-Dollar Drill Hole” with Stephen Stewart

Eric Sprott Funded Gold Explorer Pursues “Billion-Dollar Drill Hole” with Stephen Stewart

2020/9/8
logo of podcast Mining Stock Education

Mining Stock Education

Frequently requested episodes will be transcribed first

Shownotes Transcript

Eric Sprott invested in Orefinders in February 2020 due to the discovery potential at its numerous projects in close proximity to Kirkland Lake Gold’s world-class Macassa Mine. Only after Sprott’s investment did the market begin to awaken to Orefinders’ compelling investment value proposition. Over the last five years, Orefinders operated under-the-radar and quietly assembled a portfolio of assets in the Kirkland Lake area that CEO Stephen Stewart believes could one day deliver “that billion-dollar drill hole.” Orefinders is gold explorer with the third largest land package on the Ontario side of the prolific Cadillac break in Canada and is about to commence six to nine months of non-stop drilling at its projects. In addition to the tremendous discovery potential, the company has an approximately one million gold ounce resource (historic and NI43-101) at its three projects combined as well as three control block positions in three prospective junior miners. In this interview, CEO Stephen Stewart explains the inherent value within Orefinders as well as the blue-sky discovery potential.

0:00 Introduction 2:10 Stephen and his group’s background and past successes 3:53 Compensation and alignment with ORX shareholders 6:03 Acquired assets in down market to drill in bull market 8:39 EV of C$10M w/ 3 projects containing approx. 1M AuOz 9:43 ORX has 3 control block positions in 3 prospective juniors 11:22 Treasury of $4M being deployed into drill programs 14:40 Pursuing “billion-dollar drill hole” near world-class gold mines 16:52 ORX owns the tailing facility of the Kerr Addison mine 18:19 ORX owns 20% of Mistango River Resources which is about to drill right next to Kirkland Lake Gold’s top-tier Macassa Mine 20:15 ORX owns 26% of Nevada gold explorer Pacific Precious (IPO planned Q4) 21:42 Six to Nine months of non-stop drilling

Sponsor info: Orefinders Resources: http://www.orefinders.ca/ TSXV:ORX OTC:ORFDF Northern Miner issue about Sprott’s investment in Orefinders: https://www.miningstockeducation.com/wp-content/uploads/2020/09/TNM-Mar-16-2020-FINAL-DE.pdf

Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39

Orefinders is an MSE sponsor. The content found on MiningStockEducation.com is for informational purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. It is based on opinions, SEC filings, current events, press releases and interviews but is not infallible. It may contain errors and MiningStockEducation.com offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on MiningStockEducation.com or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. MiningStockEducation.com may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on MiningStockEducation.com is to be used at your own risk. By reading MiningStockEducation.com, you agree to hold MiningStockEducation.com, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.