Wednesday, April 10, 2019

Aurania Resources Ltd. (ARU:CA)

Kirus Target Shows Its Colors.

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, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

• Another promising
  copper target.  High-grade copper and silver have been discovered in an
  area measuring 6 kilometers by 3 kilometers in the Kirus copper target
  area.  Exploration identified boulders in streams containing up to 11.9%
  copper with 166 grams per tonne of silver.  Follow-up exploration led to
  the discovery of outcrop with grades of up to 5.1% copper and 70 grams per
  tonne of silver.  This follows last week’s announcement by the company that
  high-grade copper and silver had been discovered at the Tsenken target, located
  ~6 kilometers from the Kirus target.
• More evidence
  supporting a cluster of copper porphyrys.  Both Tsenken and Kirus contain high-grade copper and
  silver in sedimentary rocks.  What is unique about these sediment-hosted
  targets is that they exhibit flat-lying copper and silver-bearing rock which
  would be relatively easy to drill.  However, both exhibit evidence of
  po…
  

  
  
  
  
  

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