Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
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 progressing at Kuri-Yawi and Tsenken N1. Aurania has completed two holes at the Tsenken N1 copper-silver target, representing 722 meters and 433 meters of drilling, respectively, and is currently drilling a third hole. One hole has been drilled at the Kuri-Yawi 1 epithermal gold-porphyry copper target representing 1,212 meters, with a second hole being drilled. Recall that Aurania’s Mobile MT geophysical survey clearly defined a feature thought to be the sulphide-bearing core of a porphyry at the Kuri-Yawi target. Upcoming drill targets include the Tsenken West copper-silver and Tiria-Shimpia silver-zinc targets.
Narrowing in on high-grade zones at Tiria-Shimpia. Exploration and channel sampling is yielding information about the distribution of grade on surface within the 15-kilometer trend along which silver-zinc is located at Tiria-Shimpia. This trend was recently extended to a total of 22 kilometers after the discovery of a 7-kilometer-long mineralized zone at Shimpia North. Within a 2.7-kilometer-long ...
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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.