AURELIAN 20M oz to 40M oz POTENTIAL
AURELIAN 20M oz to 40M oz POTENTIAL
AURELIAN HAS THE ROSETTA STONE
– CONDOR GOLD BELT HAS 20M oz to 40M oz POTENTIAL
At 35 g/t gold (uncut) over 250m, is hole CP07-100 not the
best gold drill intersection of all time?
Aurelian Resources Inc. has received the first National Instrument 43-101-compliant inferred mineral resource estimate for Fruta Del Norte (FDN), a buried epithermal gold-silver discovery on its wholly owned Condor project in southeastern Ecuador. An initial inferred resource of 58.9 million tonnes grading 7.23 grams per tonne gold (Au) and 11.8 g/t silver (Ag) for 13.7 million ounces of contained gold and 22.4 million ounces of contained silver was determined at a cut-off grade of 2.3 g/t gold equivalent. The company's preliminary metallurgical testing has confirmed that gold recoveries in the order of 85 to 95 per cent can be obtained using well-proven gold-silver recovery processes.
Recommendation – We believe Fruta del Norte is the best undeveloped gold system in the
world that is controlled by a junior. We believe in a rising gold price based on strong supplydemand
fundamentals and understand how rare these discoveries and potential new gold districts
are on a global basis. We have moved Aurelian back to a Buy recommendation
and have a 12 month target price of $18.75 per share.
ARU - AURELIAN RESOURCES INC. J - Company Website https://www.aurelian.ca
53 page report on Aurelian Resources Inc.
https://www.pifinancialcorp.com/email/aru-apr23-07.pdf