Friday, July 31, 2020
Aurania Resources (AUIAF)(ARU:CA)
Tsenken or Copper King?
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, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Tsenken is yielding an abundance of copper targets. Aurania has had much success at the Tsenken area of its Lost Cities project. During the last several weeks the company has confirmed copper and silver in breccia, sediment-hosted deposits as well as the potential for copper porphyry style deposits. While Aurania is a gold-focused explorer, the success of its copper exploration program may be an element of the story that investors under appreciate and could be an important source of value for shareholders.
Readying targets for scout drilling. Drilling is expected to commence at the Tsenken N2 and N3 targets prior to the end of the third quarter and the N1 target will be drilled immediately thereafter. Following field mapping and soil sampling, scout drilling could also …
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