Aurania Resources (AUIAF)(ARU:CA) – Moving Closer to a Discovery?

Natural Resources
0 min read

Thursday, December 09, 2021

Aurania Resources (AUIAF)(ARU:CA)
Moving Closer to a Discovery?

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.

    Tiria-Shimpia drill results may require follow-up. Drill hole SH-004 at the Tiria-Shimpia silver-zinc target returned a high-grade intercept of 12.4% zinc, 5.4 grams of silver per tonne, 61 grams of gallium per tonne, and 9 grams of indium per tonne over 2.0 meters at a depth of 52.0 meters. The mineralized interval lies within an 8.5-meter halo of 3% zinc. Management may consider drilling deeper and below weathered sulphide mineralization to intersect higher grade zinc-silver shoots at depth.

    Hole TSN1-009 at Tsenken in progress.  Drilling recently commenced at Hole TSN1-009 with a planned depth of approximately 500 meters. The target of Hole TSN1-009 is copper-silver mineralization in evaporite mineral beds within sedimentary layers. Because Hole TSN1-009 has reached 350 meters depth and penetrated numerous salt layers in the red bed, management believes there is significant potential …

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. 


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