ARU:TSX.V; AUIAF:OTCQB

Aurania Resources Ltd.

Aurania is a mineral exploration company focused on gold and copper deposits in South America. The company's flagship asset, the Lost Cities – Cutucu Project, is in southeastern Ecuador. Multiple targets have been identified to date and include epithermal gold-silver, sedimentary hosted copper, porphyries and silver-zinc-lead mantos.
ARU:TSX.V AUIAF:OTCQB

Expert Comments:

Aurania Resources reported that data from an ongoing Mobile MT Survey identified an extensive target at Tsenken at its Lost Cities - Cutucu Project in southeastern Ecuador.
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Mark Reichman, Noble Capital Markets

(1/25/21)
"Importantly, data from the mobile magnetotelluric (MMT) geophysical survey have identified the likely core of the iron oxide copper-gold system associated with the area of drilling at Aurania Resources Ltd.'s Tsenken N2 and N3. . .an MMT geophysical survey has been completed over the Yawi and Tsenken areas and is underway in the northern part of the Tiria-Shimpia target areas."

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Jay Taylor, Hotline

(12/18/20)
"Aurania Resources Ltd. noted evidence of ancient roads and peculiar landforms that may be old prospecting or mine sites in the vicinity of the Tiria-Shimpia silver-zinc-lead target area at the company's Lost Cities–Cutucu project. Tiria-Shimpia is developing into one of the larger mineralized areas so far identified in exploration of the project."

Aurania Resources hypothesizes that the Colonial Spanish explored for and maybe even mined silver in the area of Lost Cities–Cutucu's Tiria-Shimpia target.
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Mark Reichman, Noble Capital Markets

(12/11/20)
"A heliborne geophysical survey will commence this week at Aurania Resources Ltd.'s Lost Cities–Cutucu project and continue through mid-January, which will help detect the sulphide core of the iron oxide copper-gold (IOCG) system and provide information about other targets as well, including Tiria-Shimpia. . .Tsenken N1 is the next target to be drill tested at the project and represents the second IOCG system to be scout drilled."

Aurania Resources aims to identify the sulphide-bearing core of iron oxide copper-gold targets at Lost Cities–Cutucu.
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Aurania Resources' recent exploration efforts and public offering are analyzed in a Noble Capital Markets report.
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Mark Reichman, Noble Capital Markets

(11/27/20)
"Aurania Resources Ltd.'s management believes it has found the edge of an iron oxide copper-gold system in the Tsenken target area, with each successive hole drilled moving toward the core of the system. . .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."

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Jay Taylor, Hotline

(11/20/20)
"Aurania Resources Ltd. has extended its Tsenken N2 iron oxide copper-gold (IOCG) system with holes TS001, 002 and 003. Assays from holes TS001-003 are awaited to determine whether there is gold in the system. . .management reports that the Tsenken N2 and N3 targets 'form part of a single, large IOCG target that is over 20 sq km in extent.'"

Aurania Resources' large land package in Ecuador has never been explored with modern methods.
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The mineralization alteration intersected at Aurania Resources' Tsenken N2 suggests an iron oxide copper-gold system.
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Mark Reichman, Noble Capital Markets

(11/5/20)
"Drilling commenced on Aurania Resources Ltd.'s Tsenken N2 copper-silver target in September using a portable rig to test both porphyry copper targets as well as sedimentary hosted copper-silver deposits. . .while management initially contemplated Tsenken N2 as a porphyry target, drilling intersected a mineral alteration zone typical of an iron oxide copper-gold system."

Aurania Resources reported that Tiria-Shimpia is becoming another compelling target at Lost Cities–Cutucu.
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Aurania Resources reported it has commenced drilling operations at its Lost Cities – Cutucu Project located in southeastern Ecuador.
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In advancing the asset, Aurania Resources identified targets, conducted studies for water use permits and sampled the soil.
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Aurania Resources notes that this target is showing similarities to another more advanced one at the property.
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The mineralization at Aurania Resources' flagship project is "resolving into specific targets."
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More Expert Comments

Experts Following This Company

headshot of Bob Moriarty
Bob Moriarty, Author – 321 Energy
headshot of Mark Reichman
Mark Reichman, Managing Director, Senior Analyst - MLP – Noble Capital Markets
headshot of Jay Taylor
Jay Taylor, Author Gold, Energy & Tech Stocks
headshot of Chris Temple
Chris Temple, Editor and Publisher – The National Investor

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Investing Highlights
 
Large, highly prospective property in Ecuador; never been explored
 
Team has track record of world class gold and copper discoveries in Ecuador, along strike.
 
Multiple targets for gold and copper confirmed to date
catalyst Calendar
Q3
2020
Refine “Tiria” gold-silver targets in Q3 in preparation for drilling
Q3
2020
Prep “Tsenken” copper-silver targets; drilling expected to start in Q3
Q4
2020
Continue sampling at copper-gold targets; conduct heliborne geophysics in Q4