Aurania Resources: Pursuing the Path Not Taken in Ecuador
The similarity in corporate name between Aurania Resources (TSX-V:ARU) and the dearly departed Aurelian Resources is more than coincidental. It is noticeable that the companies have the same ticker.
Management was involved in the discovery of much of the NI 43-101 gold and copper resources in the adjacent Cordillera del Condor, that lies along-trend of Aurania’s concession block in the Cordillera de Cutucu. Aurania’s chief executive officer (CEO), Keith Barron, co-founded Aurelian Resources, a gold explorer that discovered the Fruta del Norte gold deposit, that was brought into production in November 2019 by Lundin Gold, while the company’s president, Richard Spencer, led teams responsible for San Carlos, Panantza and Mirador porphyry copper deposits. Mirador, in the Cordillera del Condor, has been in production by Chinese companies since last July.
Now Aurania intends to repeat the experience with its Lost Cities project in the most prospective part of Ecuador for gold and copper projects.
Quick facts: Aurania Resources Ltd
Price: 3.4 CAD
Market Cap: $148.24 m
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