Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
Tiria-Shimpia Silver-Gold Target in the Crosshairs
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 drill sites. Initial drill sites have been selected to test high-grade silver zones at the Tiria-Shimpia epithermal silver-gold target. Recall that Tiria-Shimpia is a target area that encompasses over 75 square kilometers. Exploration work along a 15-kilometer trend and geological mapping suggest the mineralization is not a vein system but is following fault zones and sedimentary layers of the host rock across trend for up to 3 kilometers.
Promising indicators. Outcrops in two streams that are 1.5 kilometers apart in the northwestern portion of the target area contain high-grade silver, including 356 grams of silver per tonne with 12.7% zinc and 199 grams of silver per tonne with 22% zinc. Drill sites have been selected to test these high-grade zones at depth. Drilling will help determine whether the two outcrops are connected at ...
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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.