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.

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Lundin Gold Inc > All gains gone

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Comment by bossuon Nov 29, 2022 9:21pm

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Post# 35138469

RE:All gains gone

Too bad for you and you d'ont understand the storey unfolding ....
Just to say : ..Bossu have been following ARU for minimum 20 years when the deposit was there with a huge grade and outstanding potential deposit.
The company was fighting with the ''contra'' governing entity and the permit to operate was refused because of the unrest and struggling entity to govern !

At the time ARU was trading at $ 35 ...

So a long ago storey ......but I remenber very well about the deposit in this unfriendley country about mining gold but the deposit is still to be ''fully evaluated''
The storey is just beginning to unfold and the actual managment is just showing the potential of this deposit which at the time look to me a mirage !
So hang on