Friday, June 14, 2019

Aurania Resources Ltd. (ARU:CA)

Lessons Learned from Crunchy Hill

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.

RATING: OUTPERFORM

• Crunchy Hill reveals evidence of an epithermal system.  Based on final assay results and analysis, scout drilling at Crunchy Hill confirmed the presence of an epithermal system and intersected two zones that could contain gold at depth.  The scout drilling program provided information on where Aurania may conduct later follow-up drilling to intersect the center of the system where gold zones may be present at a greater depth than initially expected.
• Scout drilling to commence at Yawi.  Based on lessons learned from Crunchy Hill, where the core of the system is deeper than expected, management may conduct a focused geophysical program at Yawi prior to drilling.  Three targets in…
  
  

  
  
  

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*Analyst
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NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.