Gold Exploration: The Lost Cities Cutucu Project
CEO of Aurania Resources Ltd., Keith Barron PhD, speaks about their 208,000 hectare property in Ecuador.
“In Ecuador, I started a company back in 2001. We found thirteen point seven million ounces of gold in 2006, it’s old terrain for me and also for my company president Richard Spencer. We’ve both been working down in that area for more than 20 years. It’s called The Lost Cities Cutucu Project and I’ve been spending a lot of time researching two old gold settlements that go back to the 16th century. We know that they’re there but we’re doing systematic technical exploration, in the course of which, we will find these places. We’re also finding a lot of targets that certainly the Spanish could never ever have found on their own using things like geochemistry and geophysics modern technology to do our jobs. We have a very, very large property, it’s two hundred and eight thousand hectares, lots and lots of targets, multiple commodities (both gold and copper), it’s an area that’s never ever been explored, it’s virgin territory and generating new targets, finding stuff almost on a daily basis. We’ve done an airborne survey, we spent a million bucks on that last year and our expectation is to be drilling around November of this year. Really it’s a case now of X marks the spot and we just line up the drills and go for it.” Keith Barron, PhD, CEO of Aurania Resources Ltd.
Aurania is a junior exploration mining company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.
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