Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
Geophysical Survey Yielding Significant Data to Inform Drilling
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.
Recent drill results. While copper mineralization was intersected in the last three holes drilled on the Tsenken N2 and N3 targets, no economic grades were encountered. Importantly, data from the Mobile MT geophysical survey have identified the likely core of the iron oxide copper-gold (IOGC) system associated with the area of drilling at Tsenken N2 and N3. A total of 1,891 meters were drilled in the Tsenken N2 and N3 targets, reaching a depth of 522 meters. A Mobile MT geophysical survey has been completed over the Yawi and Tsenken areas and is underway in the northern part of the Tiria-Shimpia target areas.
Near-term plan. The Tsenken N1 is the next target to be drill tested at the company’s Lost Cities project and represents the second IOCG system to be scout drilled. Following Tsenken N1, management intends to drill a portion of the 15-kilometer-long silver-rich system at the Tiria-Shimpia epithermal target. Soil sampling at Tiria-Shimpia defined a large mineralized system that covers ...
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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.