7 July 2016
Almaden Minerals: On Gold Discoveries & Successful Prospect Generation
By: Sprott US Media
Leading up to the Sprott Natural Resource Symposium from July 26th-29th, Sprott’s Thoughts is pleased to present exclusive interviews with executive team members of the conference’s Platinum Sponsors, an invite-only group of some of the world’s top resource companies.
In this edition, Sprott Global Investment Executive Jon Sebastian chats with Morgan Poliquin, of Almaden Minerals & Almadex Minerals. The two companies, led by the father & son team, Duane and Morgan Poliquan, have been exploring for precious metals in Mexico for 30 years. Founded by Duane in 1981, his son, Morgan, who earned a Ph.D. in geology, and now runs the companies.
During the interview, the ‘prospect generator’ business model was discussed, how the companies survived and thrived during multiple market cycles, and what’s next for the group.
For reference, a ‘prospect generator’ is a company which targets early stage geological anomalies. Ideally staffed by expert geologists, a prospect generator’s goal is to make an initial discovery—then sell a majority interest in the project to a larger company which finances the exploration & development work.
Morgan notes the group’s focus on Eastern Mexico, where over the course of many years of drilling low-cost exploration holes with company-owned drill rigs, they have built an unusually large portfolio of exploration targets—which can be sold or optioned to partners. It’s a large enough portfolio which may position the group to be a one-stop shop for companies looking to expand their own portfolios with acquisitions in this bull market cycle.
Discussing prior successes, Morgan shared background on the team’s gold discoveries made over the decades: The La Trinidad gold deposit, sold to Eldorado Gold Corp, the Santa Fe gold deposit, acquired by Homestake Mining, the Caballo Blanco deposit, bought by Timmins Gold, and the Ixtaca gold deposit, currently under development by Almaden.
Armed with a portfolio of thousands of exploration targets in Eastern Mexico and company-owned drill-rigs, the Almaden/Almadex team looks forward to continuing its history of making economic discoveries, and successfully optioning them out to joint venture (or acquiring) partners.
To hear about how the group got started, “wildcatting” for new discoveries, and how Morgan views the current opportunity in Mexico, click below to hear the whole interview with Sprott Global’s Jon Sebastian.
For more information on the Sprott Vancouver Natural Resource Symposium, please click here or contact your Sprott broker.
About the 2016 Sprott Natural Resource Symposium in Vancouver:
How can you maximize your profits from the long awaited precious metals and natural resources bull market? One time tested way is by listening to respected experts in the industry at the 2016 Sprott Natural Resource Symposium in Vancouver, Canada, July 26-29. Our clients have consistently rated this conference as the finest investment conference they attend.
Join experts including Jim Rickards, John Embry, Doug Casey and Steve Sjuggerud. Join the “living legends” of mining, men who built billion dollar businesses, and are doing it again: Ross Beaty (who took Lumina Copper from $.50 to $140 in seven years); Robert Quartermain (who took Silver Standard from $.72 to $45in ten years); Rob McEwen; and Robert Friedland.
Meet and listen to fifteen of the most influential precious metals and natural resource oriented newsletter editors in the world. Meet over 50 public company exhibitors, who are allowed to exhibit because they are owned in Sprott managed accounts.
In the early stages of a resource bull market, can you afford not to go to the finest junior resource investing conference in the world?
For more information, please follow this link: Sprott Natural Resource Symposium
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