TORONTO KINROSS GOLD and AURELIAN RESOURCES have struck a friendly deal whereby Kinross will acquire all of Aurelian's outstanding shares and control of its Fruta del Norte high-grade epithermal gold-silver deposit in Ecuador. The value of the offer is estimated at $1.2 billion, based on a 64% premium above the recent trading price of Aurelian shares.
In October 2007, Aurelian released an inferred mineral estimate for the Fruta del Norte deposit of 58.9 million tonnes grading 7.23 g/t Au, or 13.7 million oz. The mineralization is characterized by a zone of multi-phase quartz-carbonate-sulphide stockwork veining and brecciation up to 125 metres wide.
A great deal of information about the project is posted at www.Aurelian.ca.
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