Ideal Group of Companies, Inc. (OTC: IDGR) today announced the completion of its acquisition of the El Quizer Mining Administrative Contract, a fully permitted 675-hectare gold concession in Bolivia's Precambrian Shield, marking the company's entry into the precious metals sector at a time when gold and platinum group metals (PGMs) are increasingly critical to technology industries.
The El Quizer concession, located in the Nuflo de Chavez Province, Santa Cruz Department, is issued under Bolivian Mining Law No. 535 and carries a 30-year term renewable for an additional 30 years. The property is accessible by paved highway and gravel road, approximately 3.5 hours from Santa Cruz de la Sierra, Bolivia's largest city. All required permits, environmental licenses, and mining registrations are current.
The geological setting is significant. Bolivia's Precambrian Shield is larger than Canada's Abitibi Greenstone Belt, which has produced over 170 million ounces of gold, yet the Bolivian shield has yielded fewer than 10 million ounces due to historical underinvestment. El Quizer is adjacent to the former Puquio Norte Mine, which produced over 300,000 ounces of gold from surface saprolite between 1996 and 2001. Recent sampling within El Quizer has returned assay values of 4.98 and 8.61 grams of gold per tonne.
Independent estimates indicate substantial mineral resources: approximately 8 million metric tonnes of primary oxide stockpiles at an average grade of 1.0 g/t gold, representing about 210,000 ounces of contained gold, with an estimated 12-year mine life at 2,000 tonnes per day processing. Additionally, there are 2 million metric tonnes of sulfide stockpiles at 0.7 g/t gold with potential for PGMs and base metals, and an estimated 10 million metric tonnes in virgin primary formations at 2.5 g/t gold. A newly discovered vein system measuring 4 meters wide across a 2-kilometer strike length has returned gold grades between 4.98 and 8.61 g/t. Preliminary analyses also indicate the presence of palladium, iridium, and rhodium, pending formal confirmation.
The acquisition comes amid surging demand for precious metals driven by structural shifts in the global economy. Gold is irreplaceable in advanced 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. Central bank gold purchases reached record levels in 2022, with global demand hitting 4,740 tonnes (World Gold Council). PGMs such as palladium, rhodium, and iridium are essential for hydrogen fuel cells, catalytic converters, and green hydrogen production via PEM electrolyzers. Defense and aerospace applications also rely on high-purity gold and PGMs for satellite systems and avionics.
Ideal Group has committed to responsible mining practices at El Quizer, including elimination of mercury and cyanide, closed-loop water recycling, use of renewable energy, and community engagement. “We hold a permitted, legally contracted, geologically compelling gold asset in a jurisdiction actively seeking responsible foreign investment,” said Charles Cardona, CEO. “We intend to be a meaningful part of that supply chain, and to do so in a way that creates lasting value for Bolivia, our shareholders, and the communities where we operate.”
For more information, visit idealgroupcorp.com.
