Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
Mobile MT Geophysical Survey Providing A Clearer Picture
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.
Potential porphyry system identified at Yawi. Aurania’s ongoing Mobile MT geophysical survey clearly defined a feature that appears to be the sulphide-bearing core of a porphyry at the Yawi target. The company intends to secure a second drill to test this now more clearly defined target. Porphyry deposits are large mineralized systems and generally of interest to major mining companies given their size and ability to support a long mine life. Porphyry deposits, while generally low in grade, are the largest source of copper ore and can be important sources of gold.
Geophysical survey narrows the focus. Aurania has various teams working on different types of geological targets. In addition to field exploration and drilling, the Mobile MT geophysical survey has been of significant value. Field work followed by scout drilling revealed a favorable geological environment for epithermal and porphyry mineralization in an area of interest at Yawi. However, management ...
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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.