Osprey Gold President: Investors Looking to Diversify Will Look to Gold

- January 29th, 2019

Osprey Gold President Cooper Quinn provides an update on his company’s Caribou project in the province of Nova Scotia.

Osprey Gold Development (TSXV:OS,OTCQB:OSSPF) President Cooper Quinn talked about the potential for a near-surface deposit company recently uncovered at its Caribou project in Nova Scotia and what this means moving forward.

In the interview below, Quinn also discussed the advantages to operating in Eastern Canada and how the cannabis and cryptocurrency markets have impacted the gold market.

Below is a transcript of our interview with Osprey Gold President Cooper Quinn. It has been edited for clarity and brevity.

Investing News Network: Please give our investor audience an overview of Osprey Gold and its portfolio of projects in Eastern Canada.

Osprey Gold President Cooper Quinn: We’re a junior gold exploration company based in Nova Scotia, Canada with five past-producing gold projects in Atlantic Canada. Our flagship project, Goldenville, hosts a compliant resource of 447,000 ounces. Our next project, Caribou, hosts a historic resource of just under a 100,000 ounces. We also have three other early-stage, past-producing assets.

INN: How does Eastern Canada compare to other mining jurisdictions in the world?

CQ: When we got started and were looking for assets, we wanted to find a jurisdiction that offered operational security and political stability, which we have in Nova Scotia. From a infrastructure standpoint, the province is great. Our projects are accessible by paved road, which is a huge advantage from a cost standpoint. Nova Scotia also hosts Canada’s most recently constructed and permitted open-pit gold mine, which tells us that we should be able to get a mine permit should we reach that stage of development.

INN: What work have you been conducting at the Caribou project? Are there any exploration highlights you’d like to share?

CQ: This year we focused on Caribou. We wanted to prove the theories we’ve formed from historic reports and put them into the ground. Through our trenching results and re-sampling of historic drill holes, we found evidence of a disseminated mineralization outside of the historic high-grade veins. Our results tell a high-grade versus low-grade dissemination story that fits in with our theories. This is important because it means we may have significant open-pittable near-surface deposits.

INN: What are your views on how the gold market has been acting in 2018? What are your expectations for this coming year?

CQ: It’s been an interesting year for gold. We’ve been experiencing some leftover effects from the crypto space from last year and the TSXV was heavily impacted by the cannabis markets as well. Now that cannabis is legal, I think a lot of investors will come back to gold because they’re traditionally mining-focused and they’ll be looking to diversify.

INN: What’s next for Osprey Gold and how does that fit into the company’s long-term plans?

CQ: We’re waiting for the rest of our results from our summer programs and we hope to see more evidence that there is disseminated mineralization at Caribou. Once we have those results, we’ll develop drill targets for the project. We will also be following up on our results from last year at Goldenville, which ties into our long-term strategy of putting together several of these deposits into a large primer.

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