HISTORY INTO GOLD EVOLUTION AND GOLD MINING POTENTIAL IN PARAGUAY.

7 min readNov 18, 2018

IN DEPTH ANALYSIS

BRIEF HISTORY OF GOLD
During the course of history, gold has been extremely valued entity for coinage, personal ornaments and the arts. Gold is considered a unique store of value and the symbol of power, strength and wealth mainly from old rulers, kings to current generation.

Approximately 65% of all the gold in the world has been mined since mid 1950 and the finite supply of gold adds to its rarity and attraction. The story of the birth of gold is somewhat bemusing!

Back in the day, various forms of livestock, in particular cattle, and grains were the earliest forms used to settle trades and payment for good goods and services. Cattle are hard to carry in your pocket and grains spoil so an alternative currency was required.

In 560 BC, the Greek state of Lydia in Asia Minor introduced the first gold coins. The use of gold coins as currency spread quickly throughout the Mediterranean and Middle East regions. The Romans mined gold extensively. Gold became a part of every human culture. Its brilliance, natural beauty, and luster, and its great malleability and resistance to tarnish made it enjoyable to work and play with.

THE PRESENT SITUATION

In recent times, we have seen gold prices surging to an all-time high in fact the price of gold has more quintupled in value and hit all-time high of $1913.50 in August 2011. The price movement in gold has been quite volatile with prices rising and falling quickly.

How the price of Gold has fluctuated over the years, **Reference:** **https://goldprice.org**

Investors have shown high levels of interest in trading gold as nations, institutions and investors seek safe haven and are using gold as a hedge against inflation and protection against losses in other assets like stocks and bonds and commodities. Unlike a fiat currency, money backed by gold cannot be created arbitrarily by government action. The supply of gold is finite like Bitcoin.

GOLD HAS CLIMBED MORE THAN 300% TIMES THE PREVIOUS ATH (ALL TIME HIGH) SINCE THE GOLD ETF HAS BEEN APPROVED BY THE SEC

GOLD MINING SITUATION IN PARAGUAY

Paraguay is one of the countries in South America that has seen very little in the way of mineral exploration. This is not so say that mineral resources such as gold are not available to be mined. On the contrary, the limited amount of exploration would indicate that there is high potential for discoveries in the very near future. As you can see, Paraguay is surrounded by gold rich lands. Hence the potential is extremely high.

The lack of gold and precious metal mining in the country has much to do with the remoteness and regulatory factors over the past several centuries that have limited the amount of exploration throughout Paraguay.

WHAT ISSUE PMMSA/ORET IS TRYING TO SOLVE IN PARAGUAY?

The locals in the gold rich area of Paso Yobai negotiated a deal with the company Latin American Minerals Inc. negotiated a hand over of 83.36 hectares that they have the mining rights to. This hand over included 850 meters (2788 feet) of the Paso Yobai gold trend that is defined by an 8,000-meter-long by 300-meter-wide (26246 feet x 984 feet) gold soil anomaly. The 850 meters by 300-meter area contains an average of 7.5 g/t of gold. The locals formed the, Asociación de Pequeños Mineros (Small Miners Association). The problem was that they had little to no experience in mining. Using makeshift Gold Recovery Plants, they only recovered about 30% of the gold. Around 70% of the gold ended up in their Tailings, but this Open Pit Mining was still economically viable to a depth of about 15 meters. As the Pit got deeper the costs of mining rose to a point that it was no longer profitable, so the land owners started to rent out (lease) the land to entrepreneurs. Some of the entrepreneurs brought in better Gold Recovery Plants and did well up to a depth of about 40 meters, but they too were losing, in some cases, up to 50% of the gold in Tailings. Their main problem was that most did not have people with gold recovery experience or mining experience or that they invested in the wrong types of Gold Recovery Systems for this area. Another big problem is that none of the mining operations did any forward planning for the roads inside the Pit. They made makeshift cranes with buckets to hoist out only the ore that contained a high concentration of gold. The rest of the ore was removed by excavator in a step by step manner. In many cases a very costly 8 to 9 step process. All this ore was discarded and not processed. Please see SATELLITE VIEW. All of the above problems lead to the closure of many of these companies and now there are many gold rich areas up for sale.

HOW PMMSA/ORET PLANING TO OVERCOME THESE ISSUES?

We put together a great Team and formed a company, Paraguay Mineral Mining SA — (PMMSA). The team, among others, includes 2 people that have the knowledge needed to extract and recover the gold. Our CEO, Nicolaas Spangenberg, a South African, is a Gold Mine Manager with more than 8 years of experience. For more details about our Team Member, please read Board of Directors. Juan Villalba is specialized in the extraction and chemical recover of gold with 9 years of experience. We also have all the geological surveys and core drilling analysis of the land we want to acquire, and it shows that the area that we want to exploit is rich in gold. Also, our pilot plant and sampling has proven that the land is rich in gold.

Paraguay Mineral Mining SA (PMMSA) has been registered under 15451(Business registration Number)

THREE PROJECT VERSIONS.

We have three versions (sizes) for this project, depending on how much capital is raised with the ICO. Our goal is to raise between $2,500,000 USD and $6,000,000 USD with $6,000,000 as the target. $6,000,000 USD will enable us to buy 43 hectares on top of the Main Gold Vein from APM (Asociación de Pequeños Mineros). Each of the three projects is divided into two Areas.

Area 1 is the Excavated Earth and Alluvial gold. Processing of this gold will start as soon as we acquire the land.
• Area 2 is the Main Vein. Tunneling of the Main Vein will start 3 months after the ICO has ended.

PMMSA SITE SURVEY, MEETING WITH THE LAND OWNERS, PILOT PLANT AND EXISTING EQUIPMENT

As of late, PMMSA/ORET team has conducted a site survey and a meeting with the landlords. We were able to join couple of industrial experts as advisers for Oretoken project. The outcome of the meeting and survey was more than satisfactory. Furthermore, PMMSA team has built a pilot plant to collect the statistics. We are planning to produce another article solely on the pilot plant and the stats obtained. Few photographs have been attached for your reference below.