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Aurania Resources Ltd. (ARU:CA)
On the Road to Finding the Lost Cities?
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 the price target, fundamental analysis, and rating.
Discovery could lead the way to find the Lost Cities. Vestiges of an old road were discovered in the central part of Aurania’s Lost Cities – Cutucu project. The road is believed to be one that linked two historic gold mining centers, Sevilla de Oro and Logrono de los Caballeros, both believed to be within the Lost Cities project area.
Next steps. A LiDAR survey will be expedited over the area which should be able to detect extensions to the road and its termination at the historical mine sites. Findings will be incorporated into Metron’s data analytics process to...
This Company Sponored 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 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.