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Tuesday, March 20, 2012

Gold Occurrences in Ecuador


Coat of Arms of Wcuador

Ecuador is nestled between Colombia and Peru, but has seen nowhere the amount of exploration the other two countries have, a statement that is especially true of Peru.  According to some of the giants of the gold mining industry like Barrick and Newmont Ecuador is the prime place for exploration.  This is where the gold discoveries are going to be made, not in Peru where they are already mining gold.  Even though Colombia and Peru contain some really big deposits of gold Ecuador just hasn’t seen the level of exploration that has gone on in these other countries.

A great deal of gold has been found over the ages in south-eastern Ecuador including the gold used by the Incas from Pizzaro in the early 1500s.  This was enough gold to fill a room, but the Spaniards still executed the last of the Inca emperors.  The gold found here is epithermal in nature with drilling results by Aurelian Resources indicating a multi-million ounce deposit at their Fruta Del Norte project.

Today there are several exploration companies that are uncovering the enormous potential of this little explored region of South America.  Many of these exploration companies are working within a few kilometers from where Aurelian has its Fruta Del Norte property.  Many of these companies are exploring deposits that could potentially yield many ounces of gold.

Chimborazo one of the many volcanoes found in Ecuador that have epithermal gold deposits associated with them.
Photo by David Torres Costales


The majority of these companies are from Canada that are talking among themselves about arranging joint ventures.  The country of Ecuador is clearly open for business with all indications they have a government that is open for business and are prepared to act in a responsible manner.

Most of the Canadian and other companies are concentrating on the potential of developing lode gold deposits although there is plenty of room for placer deposits along the rivers and streams of Ecuador.  A great many of the deposits in this district are along tributaries of the Amazon River.

The potential for finding gemstones in this part of the world is also high it is just across the border in Colombia where some of the largest emerald mines in the world are located.  Years ago your author while exploring another of the tributaries of the Amazon discovered several sandbars that were littered with gem grade topaz that also contained placer gold.

4 comments:

  1. Off to Ecuador we go, John! Sounds interesting to me!

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