Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
Hole 3 Delivers at Tiria-Shimpia
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.
Encouraging Tiria-Shimpia drill results. The third hole drilled on the Tiria-Shimpia silver-zinc target intersected the top of a targeted layer of brecciated limestone at a depth of 35 meters. Mineralization was revealed over 29 meters at a grade of 3.5 grams of silver per tonne and 0.6% zinc, including a 5-meter interval at a grade of 10.5 grams of silver per tonne and 2.5% zinc. The goal is to identify the higher-grade parts of the system within the 22-kilometer-long trend defined by metal enrichment in soil. Soil geochemistry and Mobile MT data are being used to refine the target for higher-grade mineralization. Hole 3 was drilled approximately 2 kilometers to the north of where holes SH-001 and SH-002 were drilled. A total of 1,018 meters has been drilled in the three holes completed at Tiria-Shimpia.
Eighth hole being drilled at Tsenken N1. Hole TSN1-007 at the Tsenken N1 sediment-hosted copper-silver target has been completed and drilling at Hole TSN1-008 has been started. We think management intends to complete 10 drill holes at Tsenken N1 ...
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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.