Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
Interesting High-Grade Discovery at Tsenken 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.
Field work is progressing. Aurania’s exploration teams resumed field work in mid-June to commence mapping and soil sampling on priority targets for gold-silver, copper-gold, and copper. For the sediment-hosted copper and silver targets, the focus is on determining the mineral continuity within sedimentary layers through mapping and soil sampling in the Tsenken target area. The Tsenken N2 and N3 targets are being soil sampled and mapped in preparation for scout drilling with an ultra-light rig. A heliborne mobile geophysical survey is also being considered which could be done relatively quickly.
Work restrictions remain. To comply with a government-mandated 50% cap on employees operating in the field or in the office at any one time, Aurania field teams operate on a two-week rotational schedule. Exploration teams are ...
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.