News

Analyst: ‘Exploration Program Is Providing an Abundance of Drilling Targets’

July 14, 2021 (Investorideas.com Newswire) A Noble Capital Markets report notes that Aurania Resources’ large land package holds the potential “to have entire mineralized systems hosting large deposits.”

image

In a July 7 research note, Noble Capital Markets analyst Mark Reichman reiterated the firm’s Outperform rating on Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) and noted that “Aurania’s exploration program is providing an abundance of drilling targets for a variety of metals and the potential to make multiple discoveries in its large concession package.”

The analyst asserted that a unique aspect of the firm’s large land position “is the potential for it to have entire mineralized systems hosting large deposits” and anticipated that management “could have a clearer view of the system encompassing Tsenken N1 and TiriaShimpia by the end of summer.”

Reichman noted at a Noble and Channelchek virtual roadshow, Aurania’s Chairman and CEO Dr. Keith Barron and President and Director Dr. Richard Spencer talked about Aurania’s achievements and future plans. Reichman reported three key topics of the discussion: exploration, access agreements and joint ventures or spinoffs, all pertaining to the Lost Cities-Cutucu project.

As for drilling, Reichman relayed, Aurania has drilled 28 holes to date over 12,018 meters in several targets. Among them were the Crunchy Hill and Kuri-Yawi epithermal gold-silver targets, the Tsenken N2 and N3 porphyry copper targets and the Tsenken N1 sediment-hosted copper-silver target. Results of holes 3 and 4 from drilling at Tsenken N1 and of hole 9 at Kuri-Yawi are expected soon.

Currently, Aurania is addressing the sediment-hosted targets. Drilling is underway at Tsenken N1 and Tiria-Shimpia.

In the future, Aurania plans to drill additional targets, including: Latorre C gold-silver (about 2.5 kilometers from Yuri-Kawi, KuriPan gold-silver, Tsenken N4 copper-gold and Kuri-Yawi copper-gold.

“KuriPan is interesting because of gold identified in the stream sediment samples and indications of gold veining,” wrote Reichman.

Regarding access agreements, the analyst noted, Aurania continues to obtain these and now has signed agreements, representing about 75% of the project area, with 43 of the 55 communities connected to its property in Ecuador. The explorer expects to increase that number during this half of 2021.

Finally, Reichman reported that Aurania management is considering partnering on and/or spinning off certain of its claim packages. One possible scenario is partnering with a major that will take over exploration through completion of a feasibility study, earning up to a certain stake in the project, while Aurania retains the remaining interest. As for spinoffs, there could be more than one, Reichman indicated, given the number of mineralization styles at The Lost Cities-Cutucu.

“The formation of joint ventures and/or spinouts could help maximize the value of the company’s holdings for Aurania’s shareholders,” Reichman wrote.

Noble Capital has a US$3.75 per share target price on AUIAF, the current share price of which is US$2.63.

Disclosure:

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Aurania. Click here for important disclosures about sponsor fees.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Disclosures for Noble Capital Markets, Aurania Resources, July 7, 2021

Company Specific Disclosures

The following disclosures relate to relationships between Noble and the company (the “Company”) covered by the Noble Research Division and referred to in this research report.

The Company in this report is a participant in the Company Sponsored Research Program (“CSRP”); Noble receives compensation from the Company for such participation. No part of the CSRP compensation was, is, or will be directly or indirectly related to any specific recommendations or views expressed by the analyst in this research report.

Noble has arranged non-deal roadshow(s) with investors in the last 12 months. The Company has attended Noble investor conference(s) in the last 12 months.

Noble intends to seek compensation for investment banking services and non-investment banking services (securities and non-securities related) within the next 3 months.

Noble is not a market maker in the Company.

ANALYST CREDENTIALS, PROFESSIONAL DESIGNATIONS, AND EXPERIENCE

Senior Equity Analyst focusing on Basic Materials & Mining. 20 years of experience in equity research. BA in Business Administration from Westminster College. MBA with a Finance concentration from the University of Missouri. MA in International Affairs from Washington University in St. Louis. Named WSJ ‘Best on the Street’ Analyst and Forbes/StarMine’s “Best Brokerage Analyst.” FINRA licenses 7, 24, 63, 87.

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire – a global digital news source for investors and business leaders

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Gold Mining Stocks - Gold Mining Stocks Directory, Gold Stocks News, Research and Resources

Gold-MiningStocks.com – investing ideas in gold and mining stocks

Like Gold Stocks? View our Gold / Mining Stocks Directory

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:News

News

Against Bond Market Odds

October 22, 2021 (Investorideas.com Newswire) Such was the S&P 500 correction, how did you like ...