Found another nice example of junior finding a big, high grade deposit, although it's much smaller and the grade's much lower than Tres Estados and Ema and it's 200m deep. Aurelian's SP went from 30 cents to $43 in 9 months!
Some of the Fruta del Norte intercepts are listed below along with the the best high grade intercepts in the world, and guess what?
We're on that list now at #8 with a 50m hole averaging 53g/t.
Final Thoughts:
If we ever wonder why we speculate in gold—other than the pleasures of actual prospecting for both the small and large miner—the story of Aurelian Resources is a lesson in the kind of rewards that can accrue to the successful prospector, investor or speculator.
Aurelian was formed in early 2002 when it went public at 30 cents per share with their main asset being an exploration property in Ecuador. For four years, the shares remained dormant when suddenly, in April 2006, they announced assay results for this year’s drilling program at the Fruta del Norte property. The assay results proved “Fruta”ful indeed and the share price began to shoot skyward.
Within six months, Aurelian was trading at over
forty dollars per share—a gain of over
ten thousand percent compared to the original offering price.
