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.
Initial results. Scout drilling commenced in mid-September and through the end of the third quarter, three bore holes had been completed on the Tsenken N2 target for a total of 645 meters drilled and two holes were completed on the Tsenken N3 target representing 724 meters of drilling. Aurania reported that no significant copper-gold mineralization was intersected in the first three holes drilled on the edge of the Tsenken iron oxide copper-gold (IOCG) system.
Finding the core of the system. Management is awaiting assay results from Holes TS-004 and TS-005 which are thought to have been drilled closer to the core of the system and more likely to yield more significant results. Hole TS-006 is being drilled and has reached a depth of 250 meters and will be drilled to a depth of 500 meters. A heliborne geophysical survey will commence this week and continue ...
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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.