Friday, November 27, 2020
Aurania Resources (AUIAF)(ARU:CA)
Work Advances at Tsenken; Investor Call Scheduled for December 1st
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.
On the cusp of a discovery? Management believes they have found the edge of an iron oxide copper-gold (IOCG) system in the Tsenken target area with each successive hole drilled moving toward the core of the system. 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. Assay results from the first three holes are expected shortly. A sixth hole has been collared where the system appears to be strengthening toward the northwest. After Tsenken N3, the drill rig will likely move to the Tsenken N1 target. In December, a heliborne geophysical survey will commence which will provide magnetic, resistivity and conductivity information to map geological structures at depth.
Investor conference call. Management will host a call for investors on December 1, 2020 at 11:00 am ET to provide an update on the company’s activities. While the company’s near-term focus has been on Tsenken, we expect the company to more broadly discuss its plans to test multiple targets on the property that encompass epithermal gold-silver, silver-zinc-lead, sedimentary-hosted copper-silver …
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.