Auryx Gold says Namibia has been overlooked

摘要

Sometimes it pays off going to mining conferences. In 2006 Tim Searcy, founder of Luna Gold (lgc-v) and its 1-million-ounce Aurizona gold deposit in northeastern Brazil, attended the Society of Economic Geologists' conference in Keystone, Colo., where he met an exploration geologist working in Namibia. The Namibia-based geologist happened to have discovered a gold deposit called Otjikoto that was similar in size to Luna Gold's orogenic Aurizona deposit and the two geologists started chatting about the similarities of the two projects.