Monday, May 03, 2021
Aurania Resources (AUIAF)(ARU:CA)
Tiria-Shimpia Increasing in Potential as a Target
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.
Management provides an update. On April 27, management hosted a conference call for investors to update them on the progress at the Lost Cities project. A replay is available on Aurania’s website. The company has two drills operating, including at the Kuri-Yawi epithermal gold and porphyry copper target and the Tsenken N1 copper-silver target. Management indicated that stream sediment sampling and regional exploration had identified two new target areas, including a new area of silver-zinc called Shimpia North.
Encouraging grab sample results. Shimpia North is an extension of the high-grade silver-zinc-lead mineralization at Tiria-Shimpia and increases the length of the Tiria-Shimpia target to 22 kilometers from 15 kilometers. During the initial reconnaissance exploration in this new area, the Shimpia target yielded promising results from six grab samples, including from both outcrop and boulders …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*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.