Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
Forging Ahead; Virtual Investor Update on March 3
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.
Progress at Tsenken N1. Scout drilling began in February at the Tsenken N1 target which includes a copper-silver mineralized zone exposed at surface, and an underlying area of interest that was identified in the MobileMT geophysical survey. While the drill hole has reached a depth of 500 meters, it may require a 600-meter inclined drill hole to reach the target conductor identified in the MT geophysical survey.
Looking ahead. Drill platforms are being prepared for drilling of the Yawi, now called Kuri-Yawi, epithermal gold-silver and copper porphyry targets. Drilling will test an epithermal target and a deeper porphyry target down to 800 meters. A larger drill rig will be used for the drilling at Kuri-Yawi. Drill platforms are being sited in a 4-kilometer segment of the 15-kilometer long Tiria-Shimpia ...
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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.