Lundin Gold Inc T.LUG

Alternate Symbol(s): LUGDF

Metals & Mining Gold

Lundin Gold Inc. is a Canada-based mining company. The Company owns the Fruta del Norte gold mine in southeast Ecuador and a large exploration land package that hosts the Fruta del Norte deposit at its northern edge. The deposit is hosted in the La Zarza concession, located in the 38 square kilometers (km2) Suarez Pull-Apart Basin. Fruta del Norte deposit is located within a 150 kilometers (km) long copper-gold metallogenic sub-province in the Cordillera del Condor region in southeastern Ecuador. The Company’s properties in Southeast Ecuador consists of over 28 metallic mineral concessions and three construction materials concessions covering an area of approximately 64,454 hectares. From this, Fruta del Norte is comprised of seven concessions covering an area of approximately 5,566 hectares and is located approximately 142 km east-northeast of the City of Loja in southeastern Ecuador. Fruta del Norte deposit is an intermediate sulphidation epithermal gold-silver deposit.

TSX:LUG - Post by User

Lundin Gold Inc

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Post by Retiredgeoon Nov 30, 2020 3:49pm

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Post# 32002679

The market optimism is fading

The markets are retreating from their lofty heights. Gold is still wobbly but gold stocks are now improving. Unless their are more big vaccines in the pipeline I predict that Gold will return to the high 1800s fairly soon taking LUG with it. Every time LUG dips below 11 it is a buying opportunity!

The Barbasco property drilling is now just a month+ away. If they discover another Fruta del Norte, and the geochemistry says they will, this stock is going to soar!

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Advancing flagship Ishkõday Gold Project in Ontario