Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
Near-Term Focus Turns to Copper
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.
Scout drilling ready to commence at Tsenken copper target. Drilling is likely to begin the last week of August or the first week of September. Scout drilling will start at the Tsenken N2 target, followed by the Tsenken N3 and N1 targets. Following field mapping and soil sampling, scout drilling could also commence at Tsenken A, a fault-related breccia with high-grade copper and silver, and Tsenken B which contains sediment hosted copper and silver. We note that copper and silver have been confirmed over an area that extends 6 kilometers north from Tsenken A.
The search for gold continues. While we expect the company to focus on copper and silver targets during the third quarter, the epithermal gold and silver targets are located nearer to where COVID cases are more prevalent. Scout drilling at epithermal gold and silver targets could follow additional ...
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.