Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
LiDAR Surveys Yield Valuable Leads
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, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
LiDAR images yield clues in locating historic mining centers. Images from a recent LiDAR survey revealed a potential historic road that is up to 60 meters wide in the central part of the Lost Cities project and is thought to have been constructed during the Colonial Spanish period. This finding, along with another historic path discovered in late 2019, could yield more clues to the location of the historic gold mining centers of Sevilla de Oro and Logrono de los Caballeros, both believed to be within the Lost Cities project area. In addition to helping detect remnants of infrastructure, LiDAR surveys are being used to refine targets for gold and copper exploration.
Vein system identified at Tiria. LiDAR imagery also identified a vein system that coincides with areas containing silver in soil samples from the Tiria South epithermal gold and silver target. If a vein system is confirmed by field work, the target for follow up work would be the...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*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.