Bob Moriarty of 321gold examines the potential of a brand new discovery in Ecuador.
Aurania Sources Ltd. (ARU:TSX.V) appears to have changed into a kind of unhealthy information/excellent news tales. Keith hasn’t discovered the Misplaced Cities Gold mines. But. Nevertheless his staff of crack geologists led by Dr. Richard Spencer could have stumbled throughout one thing quite a bit greater and extra helpful.
They could have found the primary Kupferschiefer copper/silver deposit discovered or no less than acknowledged within the Western Hemisphere.
These sediment-hosted techniques are usually very massive in lateral extent and wealthy. A lot of the copper for the Bronze Age derived from Kupferschiefer mines in what’s now Germany and Poland. Archeological artifacts from smelters and slag heaps point out manufacturing going again so far as four,000 years in the past and written information date from 1199.
The KGHM Polska Miedz mining firm in Poland ranks #eight in copper manufacturing worldwide and #6 for silver manufacturing. They’re mining a Kupferschiefer copper/silver challenge.
These Kupferschiefer deposits have been shaped in shallow freshwater seas with decrease saline-rich layers full of hydrogen sulphides from rotting vegetation that dissolve the copper and silver from a mineral supply. When these fluids mix with carbonaceous materials in shales and sediments the copper and silver precipitate out of resolution as copper oxides.
That is key for Aurania and Ecuador as a result of these deposits are usually so massive. To this point Aurania has tracked Kupferschiefer materials so long as 22 kilometers (22 km) and 1 km broad. You’ll be able to see within the image above a traditional Kupferschiefer materials with over $400 rock. It is oxide copper extremely appropriate for cheap processing with SX-EW methods.
I might like to see Aurania and Keith Barron uncover the Misplaced Cities and I’ve little question that in time they’ll. But when they screw up and stumble throughout a billion-dollar copper/silver prospect accidentally, nicely, I will take that too.
The excellent news is that Aurania has a brand new extremely potential goal. The unhealthy information is that massive initiatives devour massive cash. Aurania goes to want to do a financing quickly. I believe the massive boys perceive that and are driving the share value down so as to get a lower cost in a personal placement. Not all sharks are present in oceans.
Aurania is an advertiser. I’ve participated in two personal placements and can take part in additional. I’m biased, do your personal due diligence.
ARU-V $2.99 (Jun 21, 2019)
AUIAF-OTCQB 32.9 million shares
Aurania Sources web site
Bob and Barb Moriarty introduced 321gold.com to the Web nearly 16 years in the past. They later added 321power.com to cowl oil, pure gasoline, gasoline, coal, photo voltaic, wind and nuclear power. Each websites function articles, editorial opinions, pricing figures and updates on present occasions affecting each sectors. Beforehand, Moriarty was a Marine F-4B and O-1 pilot with greater than 832 missions in Vietnam. He holds 14 worldwide aviation information.[NLINSERT]
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