Staff Insights

The NatGold Digital Vault, operated by OroEx Corp., is a crucial component of the NatGold ecosystem, specifically engineered to tokenize, securely manage, and store NatGold Coins before their distribution, storage, and trading on the NatGold Multichain. These coins result from the tokenization of mining titles containing NI 43-101 certified gold resources. The vault utilizes ledger-based technology that incorporates some blockchain principles, such as ledgering and digital signatures. However, it remains a closed system to ensure controlled access and enhanced security, distinguishing it from public blockchains, which are accessible by the general public.

This Digital Vault is designed with a robust security architecture to safeguard sensitive information. It operates on a closed ledger system, which allows for stringent control over all transactions related to the creation and distribution of NatGold Coins. To maintain data integrity and prevent tampering, each transaction is securely hashed using advanced cryptographic algorithms. Additionally, comprehensive audit trails capture detailed logs of all operations, enhancing the vault’s compliance and auditability.

Access to the NatGold Digital Vault is tightly regulated through sophisticated authentication mechanisms, ensuring that only authorized personnel can interact with or access the system. This is further supported by role-based access control, which assigns different levels of permissions based on the specific roles of the participants. The physical and network security measures in place, including encryption of sensitive data and regular security audits, ensure that the vault remains not only compliant but also resilient against unauthorized access and data breaches. This combination of privacy, security, and transparency makes the NatGold Digital Vault a pivotal element in maintaining the integrity and trustworthiness of the NatGold ecosystem.

FAQs

What is NatGold?2024-05-03T15:18:49+00:00

NatGold, sometimes referred to as “green gold,” represents the concept of monetizing natural gold—gold that is left unextracted and remains in the ground. The distinctiveness of NatGold lies in the method of capturing its value, making it a superior choice for monetary purposes compared to its above-ground counterpart, which serves better for industrial, jewelry, and luxury uses.

The value of NatGold is realized through the tokenization of NI 43-101 certified gold resources, which are fundamental to all investment decisions related to gold mine financing for extraction purposes. By being digitally mined and kept in its natural state, NatGold provides a plentiful supply to meet flexible monetary demands without the need for the security, storage, transportation, and insurance required for physical gold.

Moreover, NatGold is ESG-friendly (Environmental, Social, and Governance), positioning NatGold as a positive force for sustainable finance, in stark contrast to the significant environmental and social impacts associated with above-ground gold extraction and processing.

Why are NI 43-101 certification standards essential in NatGold legislation?2024-04-20T23:30:11+00:00

Certification standards play a pivotal role in the NatGold ecosystem, with only titles containing certified gold resources under the National Instrument 43-101 (NI 43-101) Standards of Disclosure for Mineral Projects being eligible. Established by the Canadian Institute of Mining, Metallurgy, and Petroleum (CIM), NI 43-101 certified gold resource reports are the benchmark in global gold mining and finance and the most widely accepted reporting standard by all major world stock exchanges.

The meticulousness of NI 43-101 in auditing and validating the existence of gold resources ensures unparalleled reliability, making it the most trusted metric for mining financiers worldwide. This level of certainty and quality is crucial for NatGold legislation, ensuring that only the most accurately quantified and scientifically backed gold resources are tokenized, maintaining the highest standards of integrity and trust in the NatGold ecosystem.

How significantly has Canada’s NI 43-101 Technical Report influenced the design of CRIRSCO’s International Reporting Template (IRT)?2024-04-20T23:41:36+00:00

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.

What is a NI 43-101 certified gold resource report?2024-04-20T23:30:24+00:00

A NI 43-101 certified gold resource report is a comprehensive document independently prepared by “Qualified Persons” who serve as auditors of gold resource estimates, adhering to the standards set by the Canadian National Instrument 43-101 (Standards of Disclosure for Mineral Projects). This regulatory framework ensures that the public disclosure of scientific and technical information about the existence of gold resources is accurate, reliable, and follows consistent standards.

The report provides detailed information on a mineral project’s geology, exploration results, drilling data, and gold resource estimation. Specifically for gold, the report outlines the quantity, grade (quality), and other geological characteristics of the gold deposits within a project. It categorizes the resources into Measured, Indicated, and Inferred resources based on the level of geological certainty of the gold’s existence.

NI 43-101 certified gold resource reports are essential for investors and stakeholders in the mining industry, providing a trusted basis for investment decisions and ensuring transparency and accountability in public disclosures about mineral properties.