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Goldplay’s Fonseca on discovering a new high grade gold zone

“The name of the zone is Nava. It is important because it is a brand new target that is 1.5 kilometers from the resource area. The resource area is a silver open-pit high-grade, but this is gold, the new discovery, and shows to us now that we have a multi-commodity concession, gold and silver, which is the core business of the company.”, States Marcio Fonseca, President, CEO and Director of Goldplay Exploration Ltd. (TSXV: GPLY | OTCQB: GLYXF), in an interview with InvestorIntel’s Tracy Weslosky.

Tracy Weslosky: I have to say I love your shareholders. They are enthusiastic gold play owners. Everyone is talking about your latest news release. How about we start there with your latest new gold zone that you have discovered and let us talk about the highlights? 

Marcio Fonseca: The name of the zone is Nava. It is important because it is a brand new target that is 1.5 kilometers from the resource area. The resource area is a silver open-pit high-grade, but this is gold, the new discovery, and shows to us now that we have a multi-commodity concession, gold and silver, which is the core business of the company.

Tracy Weslosky: One of the items that was brought to my attention is that you can actually see visible gold on surface. Is this correct? 

Marcio Fonseca: Oh yeah. That is very important. Good point. When we were doing all the exploration on surface we identified a series of old workings and tunnels going through the mountain. We realized for those old miners to go there and really be chasing gold something must be there. We some field workers that have a lot of experience about panning gold and we decided to pick up rocks all over the hill, inside the tunnels. We came across a lot of visible gold when we crush and panned the gold showing that there is a really good gold target in the area. We put on the news release a photo that shows that we have gold in the target.

Tracy Weslosky: We recently did an interview with gold bug expert and he was telling us what high-grade gold actually means. It is quite significant that you can see this visible gold at surface. Is that correct, because this is quite unusual?

Marcio Fonseca: Yes, because it shows that there is a lot of gold in the system. Because most of the deposits, the gold deposits have gold, but the gold is really fine. 

Tracy Weslosky: Okay. 

Marcio Fonseca: Micro sized. This is like we are crushing the rock, put in water, and pan it and you can see the streams of gold coming from the rocks.

Tracy Weslosky: Okay, so that is quite incredible based on my understanding of gold exploration. Also, I was reading that you have 3 old tunnels at Nava, 2 connected along 300 meters. I honestly do not know what that means, but I have been told this is really impressive. Can you tell us a little bit more about this?

Marcio Fonseca: Yes. When we first identified the target we saw this prominent hill, a lot of rocks altered red and we said something might be there. When we went to the site we identified all these 3 tunnels; very narrow tunnels, 1 meter high, half to 1 meter wide. We decided we need to explore inside of these tunnels to see where they go. We realized that one tunnel connects with another one showing that the target has at least 300 meters of extension to start with. The vein system that is outcropping in one tunnel side goes to the next side of the mountain showing that the potential is not just a narrow vein…to access the complete interview, click here

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




Brisco Capital’s Koyich on Goldplay’s two ‘perfect’ properties

“With Marcio we are right in the middle of the Sinaloa District and we have set up two perfect properties, San Marcial being on the silver side and, of course, El Habal on the gold side. I think that we have positioned ourselves for success, obviously with the share structure and the two properties and our shareholder base.” states Scott Koyich, President of Brisco Capital Partners Corp. and Investor Relations Counsel for Goldplay Exploration Ltd. (TSXV: GPLY | OTCQB: GLYXF), in an interview with InvestorIntel Corp. CEO Tracy Weslosky.

Tracy Weslosky: Scott you are the investor relations counsel and a significant shareholder of Goldplay Exploration. Is that correct? 

Scott Koyich: That is correct.

Tracy Weslosky: Now everybody knows I am actually a gold bug. I love gold and I think more people should be looking at this market right now. Can I get your comments on getting more investors to be looking at gold and silver exploration plays in the market? 

Scott Koyich: I think there was a survey that I read that the perception and the investors’ psyche for gold and precious metals in fact are at an all-time low so it is very, very difficult. Most investors that are in the precious metal cycle are either stuck and looking to get out, but it is very difficult to track new blood simply because of the negative sentiment out there.

Tracy Weslosky: Scott we, of course, believe that there are a lot of advantages, of course, buying at this point in the market. One of your many competitive advantages are your capital structures. We are assuming you have a lot to do with that. Can you tell us a little bit more about the competitive advantages of Goldplay Exploration’s capital structure please?

Scott Koyich: I think that it is important for any equity to have a strong capital structure because if you do not it is very difficult to get equity appreciation especially with algorithmic traders and electronic traders, etc. What ends up happening is we set this up for perfection so 34 million shares, management has 22%, Marcio has 9%. He keeps touching the 10% threshold and obviously our significant shareholders, Sandstrom and JDS and now SSR, it makes the equity appreciation that much easier obviously if we get a tailwind.   

Tracy Weslosky: There are a lot of gold and silver exploration plays in the market right now competing for investors’ attention. In addition, of course, to the management, the board of directors and capital structure, let us talk about the real prize, the gold and silver in your respective properties. Can you give us an overview please? 

Scott Koyich: At Brisco Capital, which is the company that I run, we have just taken two companies on the road that have done extremely well. Both Silvercrest Metals, which Marcio, of course, was involved with Silvercrest Mining and then, of course, Great Bear, which just had a great hit at Red Lake. With Marcio we are right in the middle of the Sinaloa District and we have set up two perfect properties, San Marcial being on the silver side and, of course, El Habal on the gold side. I think that we have positioned ourselves for success, obviously with the share structure and the two properties and our shareholder base. With success over time at a $5 million dollar market cap this company is poised for success for sure…to access the complete interview, click here

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




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

“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.