Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
Epithermal Gold Targets In the Line-Up
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 of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Drilling program. Six drill holes have been completed at the Tsenken N1 sediment-hosted copper-silver target with Hole TSN1-007 still underway. We think management intends to complete 10 drill holes at Tsenken N1. Three drill holes have been completed at the Tiria-Shimpia silver-zinc-lead target. While the first two holes intersected more mineralized layers than anticipated, grades were lower than expected. Results from Hole 3 are expected to be similar. The rig is being moved to a different location than the first three holes and drilling will begin later this month.
Epithermal gold targets. Aurania will resume drilling on the epithermal gold-silver systems, including Latorre C, later this year while management prioritizes various targets that continue to emerge in the southwestern portion of the project area. While recent drilling activity has centered on Tsenken N1 and Tiria-Shimpia, epithermal gold targets will likely get renewed attention later this year ...
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.