Gold

Gold

Tokenized Gold on the Blockchain Arrives to Chile and Latin America

UK-based Aurus Technologies Ltd. Partners with Chilean Gold Broker to Offer Digital Gold in Latin America

Aurica Metales is the first gold broker in Latin America to offer digital tokens backed by physical gold. The Chilean distributor has partnered with UK fintech Aurus Technologies Ltd. to begin commercializing a new digital product that facilitates gold ownership, called AurusGOLD (AWG).

Aurica Metales is the largest gold broker in Chile and it specializes in the distribution of gold coins minted by the Royal Canadian Mint. With the COVID-19 pandemic and the paralysis of supply chains, Aurica seized the opportunity to diversify its brick mortar business by offering a digital gold alternative to Latin american market.

Felipe Muñoz, Managing Director of Aurica said: “At Aurica we are very happy to have partnered with Aurus, as it will allow us to expand our business operations and provide access to the new era of gold investments across Latin America.”

AurusGOLD is a gold-backed token that is created using Aurus’ blockchain-based solution, where each token represents 1 gram of LBMA-accredited gold. As of today, Aurica is distributing AurusGOLD margins above spot price, accompanied by a portable hardware wallet granting holders the highest form of security and control.

Francisco Leyton, Latam Lead of Aurus Technologies said: “With Aurica we are making gold more accessible and convenient for investors in Chile and in Latam. Now, people will be able to easily buy, store and transfer gold avoiding the hurdles of the physical world.”

About Aurus: Aurus Technologies is a UK limited company that offers a Tokenization-as-a-Service solution to the gold industry. Aurus’ blockchain platform enables gold providers, vaults and distributors to independently produce and distribute their own gold-backed token, AurusGOLD (AWG).

Scottish Gold Explorer is raising £600k to advance its Kerry Road Deposit


For the past year and a half GreenOre Gold plc (GreenOre) has undertaken work near Gairloch in North West Scotland to assess the economic potential of the known mineralisation along the Kerry Road. Just over 9000m of drilling was conducted at a site along the old Kerry Road in the late 70’s early 80’s where a horizon rich in gold, copper and zinc was discovered. This site was abandoned due to low metal prices. A reassessment of the deposit and immediate area by GreenOre has concluded that this deposit is now of economic interest and the surrounding area, ripe for further discoveries.

https://www.youtube.com/watch?v=seV2KVoTfk4?start=241&feature=oembed

The Kerry Road Deposit is located within a carbonate rich unit in the Gairloch Schist Belt (GSB). The GSB extends 15km north to south. Along this trend newly obtained Aeromag data from the British Geological Survey (BGS) has identified 9 distinct magnetic highs along the GSB with the Kerry Road Deposit clearly visible.

Some of these other magnetic high areas were investigated in 2019 revealing massive sulphide beds within the GSB. These sulphide beds appear along the same stratigraphic level as the Kerry Road deposit. One such bed located 10km south revealed 0.2 and 0.17g/t gold in grab samples from a sulphide bearing unit which disappears under the sandstone cover. Historically boulders from the vicinity ran up to 4g/t gold. Research by the BGS in 1986 identified a similar geophysical anomaly as that at Kerry Road below the sandstone at this location. This has never been drill tested. It is believed the sandstone cover is about 40m. The fact that elevated gold grades can be found over 10km away along the same unit indicates that the gold system is far bigger than just the Kerry Road Deposit. This also demonstrates the size and scale of the mineralisation event.

In 2018 GreenOre drill tested the mineralised outcrop at Kerry Road and intercepted 17m at 1g/t Au, 0.9% Cu and 0.6% Zn (including 8m at 1.8g/t Au, 1.4% Cu and 0.7% Zn). Along with the high levels of gold, copper and zinc there also appears to be elevated levels of cobalt within the bed. Cobalt values in GreenOre’s drill hole were up to 370g/t over 1m. At surface a value of 410g/t was discovered and analysis of a historic drillhole (GBH15) revealed 450g/t at 25.95m. As cobalt was never tested historically and it is anticipated higher values may exist elsewhere.

Following consultation with many experts GreenOre is confident that, if proven accurate, the historic deposit at Kerry Road is now of economic interest. GreenOre is now seeking funding to develop this deposit beginning with confirmatory drilling and a resource calculation. Metallurgical test work of the ore and prefeasibility studies will follow. During this period further investigations will continue to identify more mineralisation along trend.

If you’d like to learn more about GreenOre and its fundraise, please visit https://www.nrprivatemarket.com

MINEXIA is an appointed representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (FRN: 574048).

NR Private Market is targeted exclusively at investors who are sufficiently sophisticated to understand the risks and make their own investment decisions. Investing via the NR Private Market platform does not insulate you from any of the risks associated with traditional mining and exploration investments. The value of your investment can go down as well as up and past performance is not a guide to future capital growth or rates of returns. Your Capital is at risk.

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Manchester tech firm doubles turnover and secures Microsoft Gold Accreditation

Manchester tech firm has the Midas touch, more than doubling turnover and securing Microsoft Gold Accreditation

Manchester-based technology growth firm Yobah is flying high after announcing record turnover and securing Microsoft Gold Managed Service partner status cementing its expertise and competencies in this area.

Originally set up in 2013 by Founder and CEO Paul Sanders, Yobah began life as a small consultancy firm but has grown to become a provider of cybersecurity and cloud-managed services to businesses including MoneySuperMarket.com and The Co-Op. With a core team of specialists which includes Sanders, CTO Ian Wright and COO Darren Jones the business has developed a unique network of associates with the ‘hard to meet, in-demand’ skills required by it’s growing fin-tech client base.

The accreditation means that Yobah has achieved the highest level of Microsoft’s widely recognised partnership programme and signifies a commitment from the business to work closely with Microsoft to remain at the forefront of the latest technology developments whilst financial growth for the business has allowed significant development, team growth and the opportunity to invest in systems and services to create first-class client experiences.

Speaking about the success, CEO Paul Sanders said “ We’re proud of the quality of our work and consider ourselves a trusted partner to all of our clients and we know when it comes to security and credentials, being recognised as the best provides extra confidence when clients need it. We were delighted to become a Microsoft Gold Managed Service Partner, it’s a real demonstration of our strength as a business in these areas and of our business growth journey as a whole”

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