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Wednesday, April 3, 2019
Aurania Resources Ltd. (ARU:CA)
Scratching the Surface?
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.
- Tsenken evolves into a high-potential copper target. High-grade copper and silver have been discovered over a nine-kilometer trend. Recent grab samples from boulders in streams contain up to 7% copper with 70 grams per tonne of silver. Recall that in January, Aurania reported that grab samples of rock in streams draining from the Tsenken-A porphyry target contained up to 9% copper with 185 grams per tonne of silver over three kilometers.
- Evidence points to a cluster of
copper porphyrys. Recent work appears to corroborate management's earlier
belief that rather than being one very large target area, Tsenken may be a
cluster of porphyry bodies. Rather than having one potential source of
copper at Tsen...
*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.