Osprey Gold: Updates from Goldenville

Trevor Hall [00:00:05] And welcome back. Day one coming, coming to a close here at the Association for Mineral Exploration, Roundup Conference 2020. And my final interview of the day introducing a new guest to the show. That's Cooper Quinn. He is the President of Osprey Gold. Osprey Gold trades on the TSX Venture with the symbol OS and also on the OTCQB market for us fellow Yankees. The symbol is OSSPF. Cooper, ou are a Yankee. You are the lower 48 kind of man the transplanted up here.

Cooper Quinn [00:00:41] I am. I'm from about nine hours from where you're currently located, and its…you grow up in Jackson, Wyoming, and I think that's kind of what drove me into geology at the end of the day was grow up outside looking at rocks and then turns out you can do that for a living.

Trevor Hall Did you did you do your geology degree in the US or did you do in Canada?

Cooper Quinn I did that up here in Canada.I went to Simon Fraser University and, you know, I'll be honest, I picked a school based on location more than anything and didn't really know what I was going to do and then started taking Earth  Science classes and really loved it, and then came to Roundup one year and got a job in the beer line, offered a job right in the beer line at B.C. night, which is tonight, and that was over a decade and a half ago now, and I'm still working in the industry.

Trevor Hall [00:01:27] You could go to B.C. night to night, just to… old times, maybe sling some beer.

Cooper Quinn [00:01:31] Yeah, go and employ some students.

Trevor Hall [00:01:32] There you go. There you go. Let's talk about Osprey Gold because it's…I was having this conversation with Jeff Wilson, but there's been a lot of companies in 2018, 2019, when times are really tough a lot of smarter executives said, you know, it's gonna be hard for us to raise money. We can't love. So we've got to take a step back and maybe put a pause. That's really kind of seems like what Osprey was doing. But now you guys are back up and kicking. Tell us about Goldenville and why it's such an important land package.

Cooper Quinn [00:02:03] Yeah. You know, I think it was it was a tough time there, certainly, and then we saw maybe the market was was hopefully starting to turn there, and we brought in some capital and thought that was a really good time to deploy that. And we've done a couple of, a couple of years of cheaper exploration work on the ground to generate the drill targets at Goldenville there, and that is really kind of our main cornerstone asset. So working there right now to expand, we've got a resource there a 43-101 resource of a little under four hundred and fifty thousand ounces, so we're going to expand that. And then as well, I think one of the things I'm excited about with my background in exploration geology is a target that we're drilling a three and a half kilometers to the west of Goldenville on the same property package called Mitchell Lake. And I think that's where, you know, if we can start to show people that, you know, there's more than one of these things that would be significant.

Trevor Hall [00:02:54] Well, a lot of people hate to play the location card, but the location card is pretty applicable and with the news from Atlantic Gold is selling the project to St. Barbara because it's right there.

Cooper Quinn [00:03:06] Yeah, totally. I mean, in the geography of that is certainly not lost on us. And I think really they'd had a couple of cool paradigm shifts for that region out there. You know, it's a whole region there where mining started there in the eighteen sixties. But really there hasn't been a ton of modern stuff and Atlantic shows that these deposits work in a modern context, in a modern setting with modern mining methods. And so that was a bit of a validation. That buyout was a bit of validation for that, I think for the model. Yeah. So we've got projects kind of we've got a total of five projects in and around all of theirs.

Trevor Hall [00:03:37] And you've been very careful with spending money, obviously, but you've been doing you still been executing using some creative ways.

Cooper Quinn [00:03:46] Yeah, I think we run we run a super tight ship and we try to really keep that burden to to a bare minimum when and especially when we're not doing a lot of work on the ground and then staffing up heavily when we need to do that and spending those dollars very strategically. It's a great place. And one of the reasons we're in Nova Scotia to begin with is because our dollars go a long way there, andI think that's a benefit to us as a company. And we can drive to every single one of our projects, most of it on a paved road. And that just keeps all of our costs down significantly. So our dollars go a long ways.

Trevor Hall [00:04:18] So you've got a little bit of a drill program going on right now. Looks like…. Two thousand meters?

Cooper Quinn [00:04:23] Yeah. Yeah. So we're doing two thousand meters. About fifteen hundred of that is we're in and around the Goldenville resource itself. And then 500 meters that three holes is over at Mitchell Lake that new target for discovery. And I think that's again, that's really exciting for us, you know, growing the resource of Goldenville is important, but Mitchell Lake's exciting. And, you know, its…the anecdote I like to use is that, you know, everyone talks about how Atlanta gold came out and they’re mining this disseminated mineralization, and this is the latest and greatest. But there's a there's an old report I love to cite from 1908 that there's the disseminated gold at Mitchell Lake was forecast to be the mainstay of mining in Nova Scotia.

Trevor Hall Oh. In 1908.

. Cooper Quinn Yeah, and I mean, I think that guy was right, but I think he was a little bit ahead of the time. Ahead of the curve.

Trevor Hall [00:05:13]This is all near surface mineralization, right? I mean it. Do you see any needs and maybe go deeper?

Cooper Quinn [00:05:20] Yeah, I mean, all of these deposits in Nova Scotia. There's nothing's been drilled over like probably 300 metres ever. And there are some analogs to the Bendigo district in Australia, which goes down to about twelve hundred metres. Nova Scotia.has just never been tested at depth. That's not our primary goal.  I think ultimately St Barbara's got a lot of underground mining experience, and I wouldn't be surprised if they go that route eventually, but right now we're focused on near surface mineralization. Just because I think there's so much low hanging fruit left in the near surface environment in Nova Scotia, that kind of why bother going deep if we can drill off ounces near surface?

Trevor Hall And potentially add ounces pretty quickly?

Cooper Quinn Exactly. And you can do that in in fairly cheap fashion with shorter holes compared to longer holes.

Trevor Hall [00:06:09] So drill results and sounds like drilling is about complete, if not already completed. We could be seeing drill results soon.

Cooper Quinn [00:06:17] Yeah, I think we'll see results quite soon. I'm just waiting on.. You know, shipments have gone to the lab and just waiting and waiting to hear back, get some Excel spreadsheets with numbers on them and get those out to the market as soon as we can there. But yeah, pretty excited to see the numbers. You know, we spent a long time working on the targeting and it's one thing to look at the drill core, but then it's a whole ‘nother thing to look at the numbers.

Trevor Hall [00:06:38] Cooper, I do want to ask you if you're in a pretty unique situation because you're pretty young and obviously we love this industry for some reason or another. But, you know, I can see to have this question, you know, how do we continue to welcome new younger people, bring in investment dollars here and how do we sway them to make them understand that junior mining is a great place to have value for their own portfolios?

Cooper Quinn [00:07:11] Totally. I mean, I think that's the huge challenge facing us, whether it's this year, 10 years from now, because if you go to a lot of these investment conferences, you can look around the room and there's a lot of gray and bald heads. And ultimately those people are going to age out of speculative stocks like this. And our air quotes “generation”, this isn't really an industry that's on their radar screen for investment. And, you know, I think they're our generation is learning about kind of some of these more speculative industries through things like cannabis industry and stuff like that, and seeing the returns that they get there. And then some of them, I think we'll start to see a) I need to diversify my portfolio, and b) this is another industry that can deliver spectacular returns and is - present company excluded - full of wonderful people.

Trevor Hall [00:07:59] Well thank you. Do we need to do it? Do you think we just need a case of FOMO? I mean, do you think you think it's like we need like a big run up in precious metals or base metal or a whole sector just making a giant move up as people would like it to?

Cooper Quinn [00:08:12] I mean, I'd be remiss if I said I don't think a giant bull market run would really help. So I think, I mean, then we see that, that's I think what happened with weed and crypto as well as people feel they have to be invested in these things because they are running. And so that would help. And I think really we need to do a better job of educating people about the mining industry, what modern mining means over historic mining. You know, modern mining practices, everything from you know, we're seeing a lot more talk about CSR and stuff like that. And I think that's really beneficial for us as as an industry, as a whole, to just get out there and educate people. There's a great group in Nova Scotia, the Mining Association of Nova Scotia, and one of their taglines is ‘not your grandfather's mining industry’. You know, part of that's a little bit tongue in cheek, but it's we're no longer leaving mercury just laying around in the tundra kind of thing. It's it's modern mining and it drives our entire day to day life. Whether you're riding, driving a car, using your cell phone or taking the bus, any of these things require mining. And so people are using products of mining every single day, but maybe aren't either… maybe see mining as a negative or just don't understand that I could be investing in that. And if we look at things like electrification, what's that going to take? Huge amounts of mining. And so that's an opportunity for people.

Trevor Hall [00:09:35] Cooper, its is good to have you on the show and I hope a number of our listener do take a minute and go back and revisit Osprey Gold if you haven't done so already. Osprey trades on the TSX V with the symbol OS and also on the OTCQB market in the United States with OSSPF. We'll talk to you again soon, Cooper.

Cooper Quinn [00:09:54] Thanks a lot, Trevor.