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.

Expert Comments:

Noble Capital Markets noted in a research update that "Aurania Resources' exploration program has yielded a plethora of drilling targets for a variety of metals and the potential to make multiple discoveries in its large concession package."
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Mark Reichman, Noble Capital Markets

"Based on our forecasted expenditures, Aurania Resources Ltd. is fully funded for the remainder of the year. . .diamond drilling is underway at the Kuri-Yawi target and is testing an epithermal target and a deeper porphyry target down to potentially 1,000m. . .the target at depth is a strong conductor, which may be a sulphide zone."

Mark Reichman, Noble Capital Markets

"Platforms are being prepared for drilling of the Yawi, now called Kuri-Yawi, epithermal gold-silver and copper porphyry targets at Aurania Resources Ltd.'s Lost Cities–Cutucu. Drilling will test an epithermal target and a deeper porphyry target down to 800m. . .drill platforms are being sited in a 4 km segment of the 15 km long Tiria-Shimpia silver-zinc target area."

Aurania Resources also obtains previously generated seismic data of the area covered by its new concessions.
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Mark Reichman, Noble Capital Markets

"Aurania Resources Ltd. announced that the first six mineral concessions have been granted for the 393 applications covering approximately 384,000 ha in northern Peru which constitute the company's Vicus project. It is thought that the Vicus project area may encompass portions of the mineral belt that extends from Ecuador into Peru."

Aurania Resources reported that it has commenced scout drilling at the Tsenken N1 target at its Lost Cities-Cutucu Project in southeastern Ecuador.
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Aurania Resources intends to drill test two outcrops on the northwestern margin of the Tiria-Shimpia target at Lost Cities–Cutucu.
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Mark Reichman, Noble Capital Markets

"Aurania Resources Ltd. has selected initial drill sites to test high-grade silver zones at the Tiria-Shimpia epithermal silver-gold target at Lost Cities–Cutucu. . .exploration work along a 15 km trend and geological mapping suggest the mineralization is not a vein system but is following fault zones and sedimentary layers of the host rock across trend for up to 3 km."

Mark Reichman, Noble Capital Markets

"Aurania Resources Ltd.'s ongoing mobile magnetotelluric geophysical survey clearly defined a feature that appears to be the sulphide-bearing core of a porphyry at the Yawi target. The company intends to secure a second drill to test this now more clearly defined target."

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

"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."

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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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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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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More Expert Comments

Experts Following This Company

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Bob Moriarty, Author – 321 Energy
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Mark Reichman, Managing Director, Senior Analyst - MLP – Noble Capital Markets
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Jay Taylor, Author Gold, Energy & Tech Stocks

Company News

4/12/2021 – Aurania Reports High-Grade Silver-Zinc from Outcrop at Tiria-Shimpia

4/9/2021 – Aurania Reports Progress in Drilling Kuri-Yawi Target in Ecuador

4/7/2021 – Aurania Resources Announces Closing of C$1.25M Private Placement

4/1/2021 – Aurania Resources Announces Closing of C$7.77M Overnight Marketed Public Offering

3/29/2021 – Aurania Resources Announces Filing of Final Short Form Prospectus in Connection with Overnight Marketed Offering

3/18/2021 – Aurania Resources Announces Size and Pricing of Previously Announced Overnight Marketed Offering

3/1/2021 – Aurania Provides Update on Exploration Activities

2/17/2021 – Aurania Granted Its First Concessions in Northern Peru

2/12/2021 – Aurania Resources To Webcast Live At Virtual Investor Conference On February 18, 2021

2/12/2021 – Aurania Commences Drilling at Tsenken N1 Target in Ecuador

2/8/2021 – Aurania Advances Tiria-Shimpia Silver-Gold Target Towards Drilling

1/29/2021 – Mobile MT Defines Porphyry Target at Yawi

1/27/2021 – Aurania Appoints Nathalie Han to the Board of Directors

1/25/2021 – Aurania's Mobile MT Survey Identifies Extensive Target at Tsenken

1/20/2021 – Aurania Provides Update on Drilling as Mobile MT Geophysical Survey Identifies Probable Centre of Tsenken North System

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
Refine “Tiria” gold-silver targets in Q3 in preparation for drilling
Prep “Tsenken” copper-silver targets; drilling expected to start in Q3
Continue sampling at copper-gold targets; conduct heliborne geophysics in Q4