Potash One Inc. dealmaker Matysek turns to BC gold: Northern Miner on OCP by 24hgold

Mots clés associés : Canada | K Street | Lithium | Uranium |

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Potash One dealmaker Matysek turns to BC gold

By Matthew Allan

Vancouver - Fresh from the $434-million sale of his potash explorer Potash One to German fertilizer giant K+S Aktiengesellschaft, Vancouver's Paul Matysek is turning his attention to a small, Americas-focused gold explorer named Ocean Park Ventures (ocp-v).

If the adage "a promoter is only as good as his last two deals" holds true, Matysek should have much to offer investors.

Potash One sold for $4.50 a share in early 2011, leaving K+S with the task of spending US$2.5 billion to put the company's Legacy potash project in Saskatchewan into production. Matysek joined the company as president and CEO in late 2007, making the most out of the massive surge in demand for potash over the past five years.

Before that, the geologist and geochemist served as president and CEO of uranium explorer Energy Metals from 2004 to 2007 while advancing its in-situ recovery uranium development projects in the U.S. Matysek helped bring the stock up from around $1.70 in 2004 to $19.12 a share in 2007, when the company was gobbled up by Uranium One (uuu-t) for $1.8 billion.

Matysek has held various positions with other companies since then, including Lithium One (li-v), Dundarave Resources (ddx-v) and Harvest One Capital (won-v), but Ocean Park appears to be his main focus at the moment. Matysek is currently the company's chairman and acting president, after Donald Gee resigned as president for health reasons in 2010.

The company raised $9.5 million a few months ago in private placements at 55� and 65� a unit, and now has around $12.5 million in the bank. It plans to spend over $9 million this year exploring three properties in the Americas that Matysek reckons all have bulk-tonnage potential.

Most of the expenditures will be on the company's new Trapper gold project, a previously undrilled hydrothermal gold-in-breccia system near Atlin, B.C., that was last sampled by Chevron Minerals in the 1980s. Ocean Park is earning up to a 70% interest in the project from Constantine Metal Resources (cem-v), having agreed to spend nearly $10 million on exploration.

The company is halfway through a first-pass, 5,000-metre drill program at Trapper, comprising about 25 holes.

"When we started doing the work there this year, the focus was to see the true size of the system. Is it really this two-kilometre-by-five-hundred-metre system [defined by Chevron]?" Ocean Park's chief geologist, Chris Taylor, explains.

"The answer to that is no - I spent a couple weeks there at the start of July, and in fact we've identified that the hydrothermal alteration is several kilometres long on the Trapper project, and certainly much wider than five hundred metres."

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For more information, please contact:

Ocean Park Ventures Corp.
Investor Relations
Tel: 604.681.0084

www.oceanparkventures.ca
info@oceanparkventures.ca

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