Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
Tiria-Shimpia Emerges As a High Priority Epithermal Target
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.
Drilling is underway at Tsenken N2. Drilling commenced on the Tsenken N2 copper-silver target on September 13 using a man-portable rig to test both porphyry copper targets as well as sedimentary-hosted copper-silver deposits. Tsenken 2 is the first of 5 targets to be drilled at Tsenken. After drilling three to five holes at Tsenken N2, the rig will be moved to test the Tsenken N3 target. Results could be available in late October or early November. Other targets at Tsenken include N4, N1 and B and are expected to be drilled in that order.
Tiria-Shimpia is a high-priority epithermal target. Soil sampling has defined four main zones of silver that total 15 kilometers in length. Soil sampling at Tiria-Shimpia defined a large mineralized system that covers an area 75 square kilometers on the margin of a large magnetic feature that is interpreted to be a porphyry cluster. The silver zone lies in the central part of an area that contains ...
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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.