Story of Aurelian Resources This is how Aurelian got its financing to drill deep holes, it all started with just one spectacular assay:
Aurelian spent 3 years drilling in the basin at the down stream of Fruta Del Norte and delineated insignificant gold resources. A geologist Steven Leary joined Aurelian in March, 2005 and traced the alluvial gold upstream to a place called Fruta Del Norte. Initial few shallow holes immediately yield gold grade much like that of Mountain Boy. So he set targets for deep hole drilling and the first deep hole yield long core length of high grade gold. Share price went viral, surging from 15 cents to 5 dollars. Financial market also went viral and offered Aurelian $25 million financing for the placement of just a few million units. Subsequent deep hole drilling yielded longer and much higher old grade, then the financial market offered Aurelian $75 million financing for a few million units. With more spectacular core length and bonanza gold grades, share price continued to surge to $40 from May to November in just 6 months. In 2007 shares were splitted 1 to 4, from 35 million shares to 140 million shares and share price was converted from $40 to $10. In 2008 Kinross offered to buyout Aurelian at $8 per share in a $1.2 billion deal.