Adventures in mining still exist
In the dense jungle of the Andes in Ecuador, the Aurania Resources team discovered the remains of a road that probably served to transport gold bars from two mining centers. Historical records show that this could be the road on which the gold was brought to the capital Quito. And here, Aurania Resources - https://www.commodity-tv.com/play/newsflash-99-with-millennial-lithium-aurania-resources-osisko-gold-royalties-auryn-resources-und-caledonia-mining/ - is working on its Lost Cities Cutucu project in search of gold and copper and is already receiving good drilling results.
Thus, the success of a gold company sometimes comes from studying old historical records. Sometimes success also comes from concentrating on particular countries. Not only Ecuador, but also Mongolia is one of the exotic countries in mining. No country is as sparsely populated as Mongolia. From a political and legal point of view, the country was not yet so stable. But the government has now recognised the importance of mining and is supporting the companies.
For example, the government is now working with Steppe Gold - https://www.commodity-tv.com/play/steppe-gold-mongolias-next-gold-producer-corporate-video/. The government's so-called Gold 2 program is implemented by Steppe Gold. And the Company will soon start producing gold and silver on its ATO-gold project. The costs are low, which is gratifying. Because with cash costs of 333 US dollars per troy ounce of gold, a low gold price cannot be a burden. And a high gold price is of course a special plus for the company. The team is also proven, and the financial situation is excellent. Around 150,000 ounces of gold are to be produced annually. All in all, very good conditions for a successful mine launch.
Latest company information and press releases from Aurania Resources (https://www.resource-capital.ch/en/companies/aurania-resources-ltd/) and Steppe Gold (https://www.resource-capital.ch/en/companies/steppe-gold-ltd/).
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