Monday, July 15, 2019
Aurania Resources (ARU.V)
Employing Big Data in the Rainforests of Ecuador
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.
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- Employing Big Data. Aurania recently engaged Metron, Incorporated to provide data analytic and statistical analysis services to aid the company’s search for two historic gold mining centers, Logrono de los Caballeros and Sevilla del Oro, both believed to be within the Lost Cities project area. While the process likely works best for narrowly defined search criteria, we believe Metron’s services may go beyond facilitating the search for the two lost cities and could be helpful when prioritizing areas of interest and making decisions regarding concession renewal.
- Practical application of Bayesian theory. Metron’s process uses a Bayesian framework to integrate data collected by…
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