Aurania Resources (AUIAF)(ARU:CA) - Getting Closer to the Source of Copper at Tsenken N1
Aurania Resources (AUIAF)(ARU:CA)
Getting Closer to the Source of Copper at Tsenken N1
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 intersects sediment-hosted copper at Tsenken N1. Six drill holes have been completed, representing 1,859 meters of drilling, at the Tsenken N1 copper-silver target. Hole TSN1-007, which is still underway, intersected sediment-hosted copper mineralization visible over roughly 2 kilometers, along with salt which is a key element of sediment-hosted copper mineralized systems. A fault system is thought to have fed copper into the sediments much in the way it did zinc-silver in the Tiria-Shimpia area. Management believes that Tsenken and Tiria-Shimpia may be part of the same mineralized system, extending over 45 kilometers, that gradually changes from copper-dominant to zinc-dominant mineralization.
Potential for multiple beds of mineralization. Management believes the copper-silver found within the Lost Cities project is similar to that found in the Kupferschiefer of northern central Europe, one of the world's largest sediment-hosted accumulations of copper ore. The source for the copper in sediment-hosted layered copper deposits is often sections of oxidized sediments, or red beds, and ...
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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.