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FenixOro Could Quickly Become The Mid-Cauca Gold Belt’s Next Massive Gold Discovery

FenixOro Gold Corp

FENIXORO GOLD CORP (CSE:FENX | OTC PINK:FDVXF | FSE:8FD)

Promising Gold Miner a Potential Chinese M&A Target!

The Chinese are on an acquisition spree for precious metal mining companies across South America, and in the process, they could be dropping a big clue as to just how profitable an area this is to invest in. FenixOro Gold Corp (CSE: FENX) (OTC PINK:FDVXF ) (FSE:8FD), is an up-and-coming gold miner in Colombia, and its prospects are looking increasingly enticing. In fact, Chinese investors are sure to be keeping a close eye on what it gets up to next.

Despite US-China trade-tensions escalating, the Chinese have been aggressively making business acquisitions across the Southern nations. Rather than directly lending to Latin American governments, Chinese banks are opting instead to invest in energy and infrastructure projects. In 2019 alone, Chinese companies invested US$12.8 billion in Latin America, which was an increase of 16.5% from the year before.

Official Visit Paves The Way

In an official capacity, Ivan Duque, the President of Colombia, visited Beijing in July 2019, to encourage Chinese investment in his country. It was a notable gesture going a long way to strengthen Colombian-Chinese relations, and it’s already paying off. Within months of his visit, China’s Zijin Mining Group Co Ltd bought the Buriticá gold mine from Continental Gold along the mid-Cauca gold belt in Colombia.

And Zijin is not alone, Shandong Gold Mining Co. Ltd has also been making acquisitions in South America. These mining giants would not be putting vast amounts of money, time and effort into exploring the region if they didn’t have high hopes for big finds. This is a giant hint to investors to jump on the bandwagon and propel personal wealth to astronomical levels.

Some may see these Chinese acquisitions as a strategic part of their mission to become the next global superpower, but perhaps they just know an opportunity when they see it and are leveraging the current bull run on gold to take advantage of every prospector worth their salt.

In any case, it’s obvious that South America is a literal goldmine and the mid-Cauca gold belt, is proving to be one of the most prolific on the planet as it’s home to some of the most exciting new discoveries of the past ten years. Many of these incredible finds are over 11+ million ounces reaffirming it really is Elephant Country and a place where large discoveries are not out of the ordinary.

A Modern-Day Gold Rush

The Buriticá mine is home to the incredible 11-million ounce find that Stuart Moller, now a director of FenixOro, laid claim to. Moller is now reigniting that wave of discovery, in his new development role at FenixOro, where he will shortly begin drilling next door to that memorable Buriticá find.

At FenixOro’s Abriaqui project Moller has been carefully examining its setup and under scrutiny, his preliminary findings show an eerily similar vein setup to what he first saw when he discovered the haul at Buriticá. Over 100 mesothermal veins with several stacked intermissions, indicating a combination of elements throughout wide zones. This motivates him to drill and adds considerable weight to the project.

Acquisition Target

If Moller’s assumptions prove right and the Abriaqui project turns out to be half as successful as Buriticá then it will undoubtedly set FenixOro up as a profitable takeover target. When Zijin bought Buriticá, it paid C$1.4 billion for the privilege, outbidding Newmont Goldcorp along the way, at a time when gold was trading around $1500 per ounce. That possibility puts incredible wealth generation opportunity on the table as a significant gold find would greatly enhance FenixOro’s financial value and skyrocket shareholder profits.


READ OUR SPECIAL REPORT – To discover how FenixOro’S Abriaqui project can leverage 2020S major bull run on gold.


Hidden Value in its Veins

FENIXORO GOLD CORP (CSE:FENX | OTC PINK:FDVXF | FSE:8FD)

FenixOro’s Abriaqui project is at the northern end of the mid-Cauca gold belt, in Antioquia State, where around 80 million ounces of new discoveries have occurred since 2007. The Canadian miner has so far made seven claims in the highly prospective region; five it owns outright and two are earn-ins with the local mining association. But this is not all it’s got planned, as it’s constantly staking out additional project opportunities throughout Colombia.

At its Abriaqui project it intends to develop the untapped potential hidden within its 6000m of Cretaceous sediment, diorite rock and hornfels. The upshot of which stands to create massive value through early stage exploration and drilling.

Moller’s involvement is a tremendous boon to this project. His wealth of knowledge spans decades and is particularly pertinent to the region. When Stu Moller discovered Buriticá there was nothing similar to compare it to and much less was there any more visibility at surface than what’s observable to the naked eye.

Knowledge, Experience and Data

Today FenixOro is blessed with Moller’s breadth of knowledge and experience, as well as an extensive stream of data. This is all working in its favor to assist with what exactly FenixOro and its shareholders can see and understand about the mine. All in all, it’s starting this exciting project with masses more data and perceptibility than Stu had at Buriticá, therefore it should be a quick and obvious process to work out precisely how the comparison is playing out.

The rich Andean nation is ripe for the picking and being so prominently placed on the mid-Cauca gold belt, right next door to a sensational gold find, exorbitantly boosts its wealth potential. Already, FenixOro’s soil sampling program has generated many new targets and has filled areas that appeared to be gaps between the veins – this could mean many additional high-grade veins such as those revealed during drilling at Buriticá. Or it could indicate that the lower grade ore between the veins exists which ties together Broad Mineralized Zones (BMZs) that significantly reduce mining cost per ounce, still making it an economically viable and worthwhile venture. So far, the soil sampling FenixOro has undertaken is looking to be a very promising leading indicator.

The results of the program to date have led the exploration team to slightly tweak some drill hole locations and angles to take advantage of the data that has been generated. This includes the porphyry target and how it is seen to intersect with some of the vein structures. This will also be tested as the drill program gets underway.

Rocketing Profit Potential

With the price of gold on a tear, there has never been a better time to be a gold miner and the bull run looks set to continue. Drilling in Colombia gives this project an added edge, as the cost of discovery is so cheap in comparison to other territories. Buriticá’s discovery cost per ounce is roughly $21 and the all-in gold production cost is approximately US$600 per ounce. That leaves a lot of room for profits to multiply rapidly and another good reason the Chinese like this region.

For potential investors and existing shareholders the next few months are going to be a tremendously exciting time as FenixOro forges ahead in its quest to uncover the next Buriticá. It’s an opportunity not to be missed.


READ OUR SPECIAL FREE REPORT – For a deep dive into the huge opportunity and leading management team that FenixOro has at the helm.


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