Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
Kirus is Starting to Look a Lot Like Tsenken
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.
Encouraging discoveries at Kirus. While Aurania has encountered much success at the Tsenken area of its Lost Cities project which has been reported on during the last several weeks, additional sampling of boulders and outcrop at the Kirus target, located roughly 6 kilometers south of Tsenken, revealed sediment-hosted copper and silver in an area measuring 8 kilometers by 3 kilometers with grades of up to 6.1% copper and 51 grams per tonne of silver. This more than doubles the area over which high-grade copper and silver has been found and, akin to Tsenken, may result in the identification of multiple sedimentary-hosted copper and silver and porphyry copper targets for future drill testing.
Evidence is pointing to a cluster of copper porphyries. Both Tsenken and Kirus exhibit evidence of porphyry bodies that represent deeper targets that could be drill-tested later in the exploration program. The area yielding recent samples at Kirus is adjacent to a magnetic feature that initially ...
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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.