Staff Insights

Canada’s National Instrument 43-101 (NI 43-101) has had a significant influence on the design of CRIRSCO’s International Reporting Template (IRT). Developed by the Canadian Securities Administrators, NI 43-101 sets stringent guidelines for the public disclosure of scientific and technical information related to mineral projects, which emphasize transparency, accountability, and detailed reporting. The comprehensive nature of NI 43-101, particularly its rigorous requirements for Qualified Persons and its structured approach to defining mineral resources and reserves, served as a model for many of the principles incorporated into the IRT.

This influence ensures that the IRT aligns with the high standards of reporting established by NI 43-101, facilitating consistency and comparability among international mining reports and aiding in the global harmonization of mineral resource and reserve reporting standards. This alignment is crucial for fostering trust and confidence among investors and regulators in the mining industry worldwide.

FAQs

What are NatGold Miners?2024-05-03T15:38:38+00:00

NatGold Miners, often called natural gold or green gold miners, are primarily gold exploration companies or producers that focus on developing new or acquiring existing gold deposits with National Instrument 43-101 (NI 43-101) certified resources. Operating within jurisdictions with NatGold legislation, their main activity is “swapping or exchanging” mining titles for an equivalent quantity of NatGold coins through tokenization. This method bypasses traditional gold mining by utilizing legal frameworks that allow the digital tokenization of in-ground gold resources. Consequently, these resources are mined digitally in an ESG-friendly manner, avoiding the negative environmental and social impacts typically associated with physical extraction. This process effectively unlocks gold’s monetary value without the detrimental effects. NatGold Miners are instrumental in the expansion of the NatGold ecosystem, fostering the sustainable and digital monetization of gold resources.

What is the NatGold Multichain?2024-04-21T19:44:31+00:00

The NatGold Multichain is an advanced blockchain architecture within the NatGold ecosystem, designed by OroEx Corp. to enhance the functionality and scalability of NatGold coins. It comprises a primary public blockchain and several interconnected sidechains or Layer 2 solutions.

Primary Public Blockchain: This is the main blockchain where NatGold coins are initially issued and managed. It records all primary transactions, smart contracts, and operations related to NatGold coins, serving as the foundational layer of the system.

Sidechains and Layer 2 Solutions: These are secondary frameworks connected to the main blockchain. They are specifically designed to increase transaction capacity and speed by processing transactions separately from the main chain. This helps alleviate bottlenecks and reduces transaction costs, making them more economical, especially for frequent or smaller transactions. Additionally, these sidechains allow for the testing and implementation of new blockchain technologies and protocols that may not be feasible on the primary blockchain.

Interoperability and Flexibility: A key feature of the NatGold Multichain is its emphasis on interoperability, which allows different blockchain networks within the ecosystem to communicate and interact seamlessly. This interoperability is crucial for broadening the usability and functionality of NatGold coins across various platforms and applications. It also offers users a greater flexibility in wallet choices, enabling them to select a wallet based on their preferred blockchain, considering factors such as security features, transaction costs, and user interface.

Cross-Chain Technology: Utilizing blockchain bridges and similar technologies, the NatGold Multichain facilitates the transfer of NatGold coins between the primary blockchain and other blockchains within the ecosystem. This ensures that NatGold coins maintain their value and functionality across different blockchain environments.

Practical Implications: For users, the NatGold Multichain structure enhances the overall experience by offering faster transactions and lower costs. It allows users to interact with NatGold coins in diverse environments and seamlessly return to the main blockchain when necessary. From a broader perspective, this architecture significantly increases the market reach and adoption of NatGold coins, enabling users on various blockchains to engage with and utilize NatGold coins without needing to switch to a new blockchain system.

How important is maintaining good governance and a strong reputation for the International NatGold Council?2024-04-20T23:27:13+00:00

At the International NatGold Council, maintaining good governance and a strong reputation is paramount. These principles ensure that we operate with transparency, accountability, and integrity—key to building trust among stakeholders such as industry sponsors, affiliates, partners, government legislators, and the broader community. This trust is essential for fostering collaborations and gaining regulatory and public support.

A strong reputation boosts our credibility and authority, promoting high standards within the NatGold industry. It attracts quality partnerships and encourages participation from key ESG industry players, enhancing our ability to effect positive changes and advocate for sustainable practices. Therefore, robust governance and a solid reputation are vital for advancing our mission to nurture a responsible and prosperous NatGold industry.

Why is NatGold mining considered ESG-friendly?2024-04-21T15:42:57+00:00

NatGold mining is considered environmentally, socially, and governance (ESG)-friendly because it promotes the monetization of natural gold resources without the physical extraction of gold from the earth. This innovative approach involves the tokenization of National Instrument 43-101 (NI 43-101) certified gold resources, which are kept in their natural state underground. Unlike traditional gold mining, NatGold mining does not involve the environmentally and socially detrimental activities typically associated with the extraction and processing of physical gold, such as land degradation, water pollution, and the displacement of communities.

Furthermore, NatGold mining eliminates the need for the extensive security measures, transportation, storage, and insurance required for physical gold, thereby reducing the carbon footprint and enhancing the sustainability of gold as a financial asset. By leveraging digital tokenization, NatGold provides a stable, secure, and flexible supply of monetary assets that meets modern financial system demands without the negative environmental and social impacts of traditional gold mining practices. This positions NatGold as a pivotal component in sustainable finance, offering an ESG-friendly alternative to conventional methods of gold monetization.