The Fruta del Norte deposit is the largest gold deposit in Ecuador.[1] The deposit is part of the Corriente Copper Belt located in the Amazon province of Zamora-Chinchipe.
In 2006 Aurelian Resources discovered a large deposit at Fruta del Norte, estimated between 6.8 and 10 million ounces of gold and between 9.1 and 14 million ounces of silver.[2][3] Following changes to Ecuadorian mining laws that limited foreign ownership of mining projects, the Canadian company Kinross Gold acquired Aurelian Resources in 2009 and took on the project.[3] Despite the project's potential, and just days before Congress passed a new mining law in 2013, Kinross pulled out of Ecuador after a dispute over windfall taxes, reporting a loss of $720 million.[4][5][6] In 2014 Kinross sold its entire interest in the project to Fortress Minerals Corporation. The company was renamed Lundin Gold and the Fruta del Norte deposit went into production in 2019. [7][8]
Discoveryedit
The deposit was discovered by a combination of a conceptual exploration model that predicted mineralization might occur buried in a pull-apart basin (Aurelian Exploration Manager Steve Leary) and the observation that some silicification of these basin sediments had occurred at Fruta del Norte by geologist Julio Soto.[9]
^Joe Leahy (11 June 2013). "Kinross Gold scraps $1.3bn Ecuador project". The Financial Times. Retrieved 23 July 2013.
^Patricia Rey Mallén (13 June 2013). "Canadian Gold Giant Kinross Pulls Out Of Ecuador Mine Project, Will China Take Its Place?". International Business Times. Retrieved 23 July 2013.
^Alvaro, Mercedes (22 October 2014). "Kinross to Sell Interest in Ecuador's Fruta del Norte Gold Mine to Fortress". Wall Street Journal – via www.wsj.com.
^Reuters Editorial (21 October 2014). "UPDATE 1-Kinross to sell halted Ecuador gold project to Lundin company". Reuters. {{cite news}}: |author= has generic name (help)
^Leary, Stephen; Sillitoe, Richard H.; Stewart, Peter W.; Roa, Karl J.; Nicolson, Benjamin E. (2016). "Discovery, Geology, and Origin of the Fruta del Norte Epithermal Gold-Silver Deposit, Southeastern Ecuador". Economic Geology. 111 (5): 1043–1072. doi:10.2113/econgeo.111.5.1043.
May 03, 2024
fruta, norte, mine, fruta, norte, deposit, largest, gold, deposit, ecuador, deposit, part, corriente, copper, belt, located, amazon, province, zamora, chinchipe, fruta, norte, deposit, mine, 2015, locationfruta, norte, deposit, mine, 2015, zamora, chinchipe, p. The Fruta del Norte deposit is the largest gold deposit in Ecuador 1 The deposit is part of the Corriente Copper Belt located in the Amazon province of Zamora Chinchipe Fruta del Norte FDN deposit NOT A MINE 2015 LocationFruta del Norte FDN deposit NOT A MINE 2015 Zamora Chinchipe ProvinceCountryEcuadorCoordinates3 50 04 S 78 36 14 W 3 83438931 S 78 60400078 W 3 83438931 78 60400078ProductionProductsGoldOwnerCompanyLundin Gold Inc In 2006 Aurelian Resources discovered a large deposit at Fruta del Norte estimated between 6 8 and 10 million ounces of gold and between 9 1 and 14 million ounces of silver 2 3 Following changes to Ecuadorian mining laws that limited foreign ownership of mining projects the Canadian company Kinross Gold acquired Aurelian Resources in 2009 and took on the project 3 Despite the project s potential and just days before Congress passed a new mining law in 2013 Kinross pulled out of Ecuador after a dispute over windfall taxes reporting a loss of 720 million 4 5 6 In 2014 Kinross sold its entire interest in the project to Fortress Minerals Corporation The company was renamed Lundin Gold and the Fruta del Norte deposit went into production in 2019 7 8 Discovery editThe deposit was discovered by a combination of a conceptual exploration model that predicted mineralization might occur buried in a pull apart basin Aurelian Exploration Manager Steve Leary and the observation that some silicification of these basin sediments had occurred at Fruta del Norte by geologist Julio Soto 9 References edit url http www lundingold com s projects asp He Struck It Rich in Ecuador Now He s Looking for the Lost Cities of Gold Bloomberg com 20 December 2017 a b The Barron is back MINING com Joe Leahy 11 June 2013 Kinross Gold scraps 1 3bn Ecuador project The Financial Times Retrieved 23 July 2013 Patricia Rey Mallen 13 June 2013 Canadian Gold Giant Kinross Pulls Out Of Ecuador Mine Project Will China Take Its Place International Business Times Retrieved 23 July 2013 Leahy Joe 2013 06 10 Kinross Gold scraps 1 3bn Ecuador project Financial Times Alvaro Mercedes 22 October 2014 Kinross to Sell Interest in Ecuador s Fruta del Norte Gold Mine to Fortress Wall Street Journal via www wsj com Reuters Editorial 21 October 2014 UPDATE 1 Kinross to sell halted Ecuador gold project to Lundin company Reuters a href Template Cite news html title Template Cite news cite news a author has generic name help Leary Stephen Sillitoe Richard H Stewart Peter W Roa Karl J Nicolson Benjamin E 2016 Discovery Geology and Origin of the Fruta del Norte Epithermal Gold Silver Deposit Southeastern Ecuador Economic Geology 111 5 1043 1072 doi 10 2113 econgeo 111 5 1043 Retrieved from https en wikipedia org w index php title Fruta del Norte mine amp oldid 1221605471, wikipedia, wiki, book, books, library,
