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Wednesday, April 10, 2019
Aurania Resources Ltd. (ARU:CA)
Kirus Target Shows Its Colors.
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 full report for price target, fundamental analysis and rating.
- Another promising copper target. High-grade copper and silver have been discovered in an area measuring 6 kilometers by 3 kilometers in the Kirus copper target area. Exploration identified boulders in streams containing up to 11.9% copper with 166 grams per tonne of silver. Follow-up exploration led to the discovery of outcrop with grades of up to 5.1% copper and 70 grams per tonne of silver. This follows last week's announcement by the company that high-grade copper and silver had been discovered at the Tsenken target, located ~6 kilometers from the Kirus target.
- More evidence
supporting a cluster of copper porphyrys. Both Tsenken and Kirus contain high-grade copper and
silver in sedimentary rocks. What is unique about these sediment-hosted
targets is that they exhibit flat-lying copper and silver-bearing rock which
would be relatively easy to drill. However, both exhibit evidence of
*Analyst certification and important disclosures included in 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.