Ideal Group of Companies, Inc. (OTC: IDGR) has completed the acquisition of the El Quizer Mining Administrative Contract, a fully permitted 675-hectare gold concession in Bolivia's Precambrian Shield, the company announced Thursday. The deal positions IDGR as an emerging player in the global precious metals sector at a time when gold and platinum group metals (PGMs) have become critical to technology industries such as artificial intelligence, semiconductors, and clean energy.
The El Quizer concession, located in the Nuflo de Chavez Province, Santa Cruz Department, is governed by Contract No. AJAM/DDSC/CAM/00023/2017, issued by Bolivia's mining authority, AJAM. It grants full mining rights for a 30-year term, renewable for an additional 30 years, across 27 grids covering 675 hectares. The site is accessible via 185 kilometers of paved highway from Santa Cruz de la Sierra, followed by 11 kilometers of gravel road, with all permits and environmental licenses current.
Independent estimates from 2022 indicate significant mineral resources, including approximately 8 million metric tonnes of primary oxide stockpiles at an average grade of 1.0 g/t gold, representing an estimated 210,000 ounces of contained gold. These stockpiles, left by former operator COMSUR, are fully accessible and offer a near-term production opportunity with an estimated 12-year mine life. Additionally, 2 million metric tonnes of sulfide stockpiles at 0.7 g/t gold show potential for PGMs and base metals, while virgin primary formations are estimated at 10 million metric tonnes at 2.5 g/t gold. Newly mapped veins returned assay values of 4.98 and 8.61 g/t gold over a 2-kilometer strike length.
The company emphasized the strategic importance of precious metals in the current economic landscape. According to the World Gold Council, global gold demand reached 4,740 tonnes in 2022, driven by record central bank purchases. Gold's properties make it irreplaceable in semiconductor packaging and high-frequency connectors for AI data centers, which are projected to see over $1 trillion in capital expenditure in the next five years. PGMs like palladium, rhodium, and iridium are essential for hydrogen fuel cells, catalytic converters, and green hydrogen production via PEM electrolyzers.
Ideal Group has committed to responsible mining practices, including eliminating mercury and cyanide, implementing closed-loop water recycling, using renewable energy, and engaging with local communities. CEO Charles Cardona stated, 'The El Quizer acquisition puts us in the right place at the right time. We hold a permitted, geologically compelling gold asset at the precise moment when these metals have become indispensable to AI infrastructure, clean energy, and advanced manufacturing.'
Bolivia's Precambrian Shield, geologically larger than Canada's Abitibi Greenstone Belt which has yielded over 170 million ounces of gold, has produced fewer than 10 million ounces due to limited investment. The El Quizer property sits adjacent to the Puquio Norte Mine, which produced over 300,000 ounces of gold from surface saprolite between 1996 and 2001. Preliminary analyses also indicate PGM occurrences, consistent with regional studies by the British Geological Survey.
For more information, visit idealgroupcorp.com.
