Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
Exploration Resumes at Awacha; Awaiting Tsenken Drill Results
As of April 24, 2020, Noble Capital Markets research on Aurania Resources is published under ticker symbols (AUIAF and ARU:CA). The price target is in USD and based on ticker symbol AUIAF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. Aurania Resources Ltd. is a Canada-based junior mining exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset, The Lost Cities-Cutucu Project, is in southeastern Ecuador in the Province of Morona-Santiago. The company also has several minor projects in Switzerland.
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.
Closing in on high-grade areas at Tiria-Shimpia. Based on feedback from Professor Gregor Borg, a specialist in sediment-hosted copper, zinc, and lead, management is gaining a better understanding of the sediment-hosted silver-zinc and copper-silver targets at Tiria-Shimpia and Tsenken, respectively. Information from Hole SH-004 results at Tiria-Shimpia were considered along with information from sampling of the mineralized zone at surface to provide an initial understanding of the pattern of mineralization representing a significant step toward identifying where high-grade zones are likely to be found. Management may consider drilling deeper to intersect higher grade zinc-silver shoots at depth.
Tsenken drill results expected shortly. We anticipate results of Hole TSN1-009 drilled at the Tsenken copper-silver target to be available shortly. The target of Hole TSN1-009 is copper-silver mineralization in evaporite mineral beds within sedimentary layers. Professor Borg reviewed all the core drilled at Tsenken. Drilling penetrated salt layers in the red bed which would have made the basin ...
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*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.