Movers and SHAKERS
FenixOro Gold Corp. (FDVXF)
A Gold Discovery in One of Colombia's Richest Mineral Belts
FenixOro Gold Corp is a Toronto based company acquiring and exploring high grade gold projects in Colombia. The company's flagship Abriaqui Project is the nearest exploration project to Continental Gold's Buritica Mine.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Initiating coverage. We are initiating coverage of FenixOro Gold Corp. FenixOro is advancing the Abriaqui gold project in Colombia. Currently, there are two concession areas, a northern group of three contiguous concessions, and a non-contiguous concession in the southern portion of the project area comprising 547 hectares of land. The company is in the process of acquiring the mineral rights for an adjacent property encompassing 848 hectares from Polo Resources.
Colombia compares favorably to mining jurisdictions in Latin America. Abriaqui is in Colombia, which ranked 28th among 77 mining jurisdictions for investment attractiveness in the 2020 Fraser Institute Annual Survey of Mining Companies. Colombia ranked first among countries in Latin America and the Caribbean Basin, including Brazil (38th), Chile (30th), Ecuador (58th), Mexico (42nd), and Peru ...
This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.