Ippolito Cattaneo8 Oct 2025 20:33
As well as on Zenith Energy payroll currently CEO of Ajax Resources https://www.ajaxresources.com/
Worth a look destined for a 10 bagger
The potential for alluvial gold mining at La Norteña, right next to Eureka, could quietly become a game-changer for Ajax’s share price in the short term...If you’ve ever watched Gold Rush on the Discovery Channel, this is that exact kind of setup... simple to start, quick to move, and capable of generating real cash when managed properly.Alluvial work is low-cost and straightforward because it focuses on gold-bearing surface gravels rather than deep hard-rock systems. That means much smaller start-up costs, faster timelines, and the chance to see revenue flow well before the usual development phase kicks in...A useful comparison might be the Ajedrez Alluvial Gold Project, around 100 km from Eureka. Public reports indicate they’re aiming for 6–8 kilograms of gold per month through similar surface extraction methods: https://www.argentinamining.com/en/formcharlas/view?id=286&utm
If Ajax were to reach anything close to that, the numbers could surprise people. At around US$4,000/oz, 6 kilograms (roughly 193 ounces) would generate about US$770,000 per month... and 8 kilograms would be over US$1 million. Even factoring in around 20% for typical operating costs, the margins remain extremely healthy.After logistics, taxes, and royalties, you’d still be looking at meaningful short-term cash flow — enough to help self-fund the broader Eureka exploration work without excessive dilution.In essence... La Norteña’s alluvial potential could provide Ajax with a valuable early revenue stream, create local employment, and build operational experience on the ground while the larger hard-rock story continues to unfold.Feels like the kind of opportunity the Gold Rush crews would love... only this one’s happening high up in the Andes….
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