Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
Initial Vicus Project Concessions Awarded in Peru
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.
Initial concessions awarded in Peru. Aurania Resources Ltd. announced that the first six mineral concessions have been granted for the 393 applications covering approximately 384,000 hectares in northern Peru which constitute the company’s Vicus project. It is thought that the Vicus project area may encompass portions of the mineral belt that extends from Ecuador into Peru. Management believes that the area has copper porphyry potential with a similar geological setting to its project in Ecuador.
Drilling has started at the Tsenken N1 target. Scout drilling commenced last week at the Tsenken N1 target which includes a copper-silver mineralized zone exposed at surface, and an underlying area of interest that was identified in the MobileMT geophysical survey. The mineralized zone is expected to be intersected at 75 meters to 100 meters below surface, while the MobileMT target is at a depth of ...
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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.