Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
Making the Connection Between Tsenken N1 and 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.
Drilling intersects sediment-hosted copper at Tsenken N1. Drilling intersected sediment-hosted copper mineralization at the Tsenken N1 copper-silver target in the company’s Lost Cities project. Drilling will continue at the Tsenken N1 target with the second rig moving from the Kuri-Yawi epithermal gold-porphyry copper target to to the Tiria-Shimpia silver-zinc target area by the end of June. Management believes that Tsenken and Tiria-Shimpia may be part of the same mineralized system, extending over 45 kilometers, that gradually changes from copper-dominant to zinc-dominant mineralization.
Two holes drilled at Kuri-Yawi. Two holes (YW-008 and YW-009) were drilled at the Kuri-Yawi epithermal gold-porphyry copper target representing 1,948 meters of drilling. Drill data will be used to inform the interpretation of MobileMT and magnetic data to refine the location of an epithermal target which lies to the east of Hole 9. Hole 8 was drilled to a depth of 1,212 meters but did not intersect ...
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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.