See whole article:-

http://www.businessedge.ca/article.cfm/newsID/17449.cfm

Extract:- 1.

Then Toronto-based Aurelian Resources discovered 13.7 million ounces of gold in April 2006, in a remote part of Ecuador. Company executives watched their fortunes skyrocket immediately, with the stock going from being worth pennies to more than $6 a share almost overnight.

Extract:- 2.

There is even more pressure on Aurelian Resources, which is looking for its next big discovery. Co-founder Patrick Anderson repeated several times during an investor presentation at the conference that they were getting close again. "We have a good relationship with the Ecuadorian government. They recognize the importance of the mining industry to their economy and want to work with us as closely as possible," he says.

Anderson says exploration is continuing at the Fruta Del Norte site, with a new chief operating officer and several other new staff that were just hired. "We're confident that there could still be another big discovery there this year," says Anderson. "It's just waiting for us. The question is exactly where."

(David Hatton can be reached at hatton@businessedge.ca)

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