The Lost Cities – Cutucu Project
Aurania is a mineral exploration entity focused on the selection, staking or acquisition of mineral properties and the exploration of those properties for potentially economic deposits of gold, copper, silver and other valuable commodities. The Company’s flagship project is the Lost Cities – Cutucu Project in southeastern Ecuador.
The Lost Cities – Cutucu Project lies along geological trend of the Cordillera del Condor, an area that contains 26 million ounces of gold, principally in the Fruta del Norte deposit, and 30 billion pounds of copper in belt of porphyries. Fruta del Norte was brought into production in November 2019, and the other large scale mine, Ecuador’s first open-pit copper mine, Mirador, was brought into production in mid-2019. Both mines are located in the mineral-rich Cordillera del Condor to the south of Aurania’s flagship project. The Company also holds a select number of mineral concessions in Peru (the Vicus Property), but such concessions are not considered to be material to the Company.
Prior to acquiring the mineral concessions in Ecuador in 2017, Aurania’s original exploration project was in Switzerland; this project is in process of being wound down.