EDITOR: | September 18th, 2018 | 1 Comment

Goldplay’s CEO on acquiring another multi-million ounce silver asset

| September 18, 2018 | 1 Comment
image_pdfimage_print

“We were really fortunate and we worked hard to consolidate and acquire low-cost 250 square kilometers of exploration portfolio in a world-class historical mining district, in my opinion. Why I say that is because there is a series of multi-million ounce historical mines in that district. One of them is the Rosario Mine that is next to our El Habal gold property that we have just built. We were also able to acquire another multi-million ounce asset that is the San Marcial silver asset that was previously owned by SSR Mining, another shareholder in the company. We are now in a position in a prolific district, to really grow the company and increase the valuation of the company…” states Marcio Fonseca, President & CEO of Goldplay Exploration Ltd. (TSXV: GPLY | OTCQB: GLYXF), in an interview with InvestorIntel Corp. CEO Tracy Weslosky.

Tracy Weslosky: Trump is all over the news. He has just made a deal with Mexico. We as Canadians are watching the news every minute of the day to see what happens next. You are a Canadian listed company and U.S. listed company with gold and silver in Mexico, correct? 

Marcio Fonseca: You are right.

Tracy Weslosky: I am going to start by asking you how you think this may benefit shareholders by having your exploration properties in Mexico. 

Marcio Fonseca: I see it as very positive outcome on the whole process of negotiation because it is going to derisk the perception of the investors in relation to Mexico and hard rock mining in Mexico has been the core business for the country. It shows an opportunity for us to continue growing the business and avoid any potential risk to increase cost because if NAFTA was not there, there would be more challenges to have suppliers from across the borders and keep the business flowing.

Tracy Weslosky: Marcio one of the many things I like about Goldplay is your team. You have a lot of really smart people in this group with excellent reputations. We as investors out here are, kind of, clamoring. The crowd is all following cannabis. I keep telling people it is called weed for a reason. You need to have a diversified portfolio. Can you tell me what the benefits are of investing in gold right now? Sorry to put you on the spot, but I thought I would ask an expert.

Marcio Fonseca: Alright. I think it is a great time to invest in gold considering all the other variables that we have in the macroeconomic world and see all the instability and risk that we have out there. Considering that the price has been subdued for a long period I am very bullish that there is an upside for the gold price in the near future, which is going to reflect directly into gold exploration companies and silver exploration companies because there is always a good correlation between the gold and silver price.   

Tracy Weslosky: Let us get right into it. We have an excellent property in one of the most prolific areas for gold and silver production over the last several hundred years. Can you introduce the InvestorIntel audience to the Goldplay property advantage please? 

Marcio Fonseca: We were really fortunate and we worked hard to consolidate and acquire low-cost 250 square kilometers of exploration portfolio in a world-class historical mining district, in my opinion. Why I say that is because there is a series of multimillion ounce historical mines in that district. One of them is the Rosario Mine that is next to our El Habal gold property that we have just built. We were also able to acquire another multimillion ounce asset that is the San Marcial silver asset that was previously owned by SSR Mining, another shareholder in the company. We are now in a position in a prolific district, to really grow the company and increase the valuation of the company on the TSX through GPLY, under new discoveries and resource expansion and development of projects….to access the complete interview, click here

Disclaimer: Goldplay Exploration Ltd. is an advertorial member of InvestorIntel Corp.


Raj Shah

Editor:

Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>


Copyright © 2018 InvestorIntel Corp. All rights reserved. More & Disclaimer »


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *