Auro Metals announced assay results from three drillholes in its 2026 Phase I program at the Santa Barbara Gold-Copper Project in Ecuador, confirming extensive gold and copper mineralization including a 905m intercept grading 0.60 g/t gold and 0.12% copper. The Phase I program completed 11,047m of drilling, improving resource confidence and showing mineralization open in multiple directions and at depth. The company has started Phase II with a 20,000m drill program using three new rigs to test deeper and new targets, aiming to expand resources further. Initial metallurgical testing is also underway to optimize gold and copper recovery processes.
Auro Metals' recent drilling results and new program at the Santa Barbara Gold-Copper Project provide context for basic materials market activity. For readers following this sector, here is Pluang's market snapshot as of Sep 16, 2026 04:03 WIB: out of 32 priced Basic Materials-sector US stocks tradable on Pluang, 9 rose and 21 fell. Notable movers include LAC (Lithium Americas Corp) at USD 2.82 with a -2.42% change, MT (ArcelorMittal SA) at USD 72.72 with a -2.40% change, and ICL (Icl Group Ltd) at USD 5.53 with a -2.30% change. The most notable figure is that 21 stocks declined today.
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