August 31, 2021 (Investorideas.com Newswire) Noble Capital Markets commented in a analysis report that junior mining explorer Aurania Sources Ltd. is presently zeroing in on probably the most rapid excessive potential targets at The Misplaced Cities-Cutucu Challenge. Noble charges Aurania an “Outperform” as the corporate’s exploration program is delivering an abundance of drilling targets for quite a lot of metals and presents potential for a number of new discoveries throughout its giant concession package deal.
Senior Pure Sources Analysis Analyst, Mark Reichman of Noble Capital Markets Inc., commented in an August 27 analysis be aware that junior mining explorer Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) is now “zeroing in on probably the most rapid excessive potential targets” at The Misplaced Cities-Cutucu venture positioned in southeastern Ecuador.
The analyst famous that Aurania Sources has recognized a brand new epithermal gold-silver goal in proximity of the Kuri-Yawi goal and listed that outcomes from soil samples yielded as much as 0.56 g/t Au over a 0.67 sq. km space.
Noble Capital Markets indicated that the corporate has completed drilling six holes at its Tsenken N1 copper-silver goal with one extra gap, Gap TSN1-007, nonetheless in course of. Nobel mentioned it expects Aurania to drill a complete of 10 holes at Tsenken N1.
The corporate has additionally accomplished drilling two holes on the Tiria-Shimpia silver-zinc goal with a 3rd gap now in progress. The agency is at the moment awaiting assay outcomes from Gap SH-002. Noble Capital expects Aurania to proceed exploration exercise at Tiria-Shimpia and Tsenken N1, however it’s foreseeable that the corporate might transfer a drill to the Latorre C goal later this yr.
The analyst talked about that the Tiria-Shimpia goal appears to supply the largest alternative for brand new discoveries and identified that the corporate reported beforehand that it plans to mobilize extra assets there. The report listed that silver-zinc-lead deposits with related barite have been traced for greater than 22 km at Tiria-Shimpia. Aurania’s administration additional believes that the Tsenken and Tiria-Shimpia websites might certainly be a part of the identical copper-zinc dominated mineralized system that extends for 45 km.
Senior Analyst Reichman remarked that “Aurania’s exploration program is offering an abundance of drilling targets for quite a lot of metals and the potential to make a number of discoveries in its giant concession package deal.”
Aurania Sources Ltd. is a junior mining exploration firm that’s headquartered in Toronto, Ont. and is concentrated totally on buying, exploring, and growing valuable metals and copper properties. Aurania’s “flagship asset” known as The Misplaced Cities-Cutucu venture, which is positioned in Morona-Santiago, Ecuador, consists of 42 mineral exploration concessions that cowl an space of round 208,000 hectares, or roughly 2,080 sq. km. The corporate additionally has a number of smaller initiatives in Switzerland.
Noble Capital Markets Inc. suggested that it has an “Outperform” ranking for Aurania Sources Ltd. with a goal value of US$3.50 per share. The agency’s shares commerce on the OTCQB Enterprise Market underneath the image “AUIAF” and final closed for buying and selling at US$2.17 per share on August 27, 2021.
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