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Thursday, October 22, 2020

Strategic Outlook for ITOCO MINING CORP COM USD0.001 (OTCMKTS:ITMC)

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ITOCO MINING CORP COM USD0.001 (OTCMKTS:ITMC) is in the business of Emeralds and they seem to be turning up the low tech world of gems and seeking an online audience with the North American launch of its eCommerce website. The company proclaims it is first to market to launch a unique online portal only for Emeralds. The website has been developed with the North American customer in mind, featuring local-currency pricing in both USD and CAD, free shipping and hassle free returns.

“Our strategy to build a relationship with every customer is important to us, and we are always looking for new ways to connect and provide what they need,” says Michael Paul, CEO. “I’m excited to be able to offer our North American consumers the full range of ItocoGems.com Emeralds in a marketplace that’s both glamorous and practical. Our site offers the opportunity to understand and buy Emeralds, and clarify the mystery in buying Gemstones.”

ITOCO MINING CORP COM USD0.001 (OTCMKTS:ITMC) CEO Michael Paul see’s the future of online gem sales, and is building his team around this eventuality. He continues his observations of the changes needed in the Emerald market saying;

“Our new e-commerce site gives our North American customers a shopping experience they can’t find in stores,” says Michael Paul. “We’ve spoken to many customers who want to buy colored stones in retail stores and end up walking away due to lack of clear information regarding quality and price. We’re confident our Emeralds are more desirable due to the rich functionality of our site – the ultimate Emerald marketplace destination.”

The company also made these additions with the appointment of Dr. Stewart A. Jackson, P.Geo. to its advisory Board.

“On behalf of Itoco Mining Corp, I would like to welcome Dr. Jackson to the team,” stated Company CEO Mr. Michael Paul. “His expertise in the mining sector and his business experience will further strengthen our board of directors.”

Dr. Jackson is a well-regarded exploration specialist with many years in the mineral exploration and development areas. With his Crown Resource Corporation, he discovered and initiated production from multiple gold discoveries producing multi- million ounces in Washington State, USA, including the current Buckhorn Mine of Kinross.

He was involved in the acquisition and exploration of multiple gold and silver deposits in North, South and Central America, the Philippines, and Indonesia. He acquired and delineated a 3 billion tonne uranium, vanadium, nickel, zinc and molybdenum resource in Sweden. His drilling program at the Turnagain nickel deposit in Northern BC, Canada was instrumental in the advancement of that exploration target to a large nickel resource (over 1 billion tonnes).

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$ITMC 10-Day Chart Below:

With the guidance of Dr. Stewart the company sees several perspective targets that are worthy of further development or exploration; within the existing mine workings, down-dip of the existing workings, the northern strike extent of the footwall (current workings), the breccia zone and the hanging wall. All of these settings are geologically and observationally valid hosts. At present the workings, when factoring in all the aforementioned targets, represents perhaps 10% of the perspective found within the property bounds.

Dr. Jackson is a Professional Geologist in the Province of Ontario, Canada. He gained a B.Sc, in Geology from the University of Western Ontario, an M.Sc. in Stratigraphy and Mineral Deposits from the University of Toronto, and a Ph.D in Stratigraphy and Economic Geology from the University of Alberta.

CEO Michael Paul of Itoco Mining Corporation said: “I am pleased that we will have access to Dr. Jackson’s unique insights into the exploration and development potential of our assets in Colombia. He has proven his ability over many years to add great value to mine and resource operations.”

Dr. Jackson said: “I look forward to working with Itoco Mining Corporation and its strong team. They have a unique business model that will allow them to develop their Emerald opportunities efficiently and economically.”

Itoco Mining Corporation (OTCMKTS:ITMC) states the mission is to become a leading supplier of responsibly sourced Class 1 Colombian Emeralds, through its mining and marketing channels of single origin Emeralds from some of the world’s finest deposits in Colombia, we see this as a novel approach to a staid industry.

It will be interesting to see if the shares get the type of follow through needed as volume has recently kicked in. But the real test will be the next few quarters for ITMC shareholders new and old. For continuing coverage on shares of $ITMC stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

 

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