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Explorer Plans More Drilling For 2021: Epithermal Gold Targets in Lineup

September 8, 2021 (Investorideas.com Newswire) Various targets “continue to emerge in the southwestern portion of Aurania Resources’ Lost Cities-Cutucu project,” a Noble Capital Markets report noted.

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In a Sept. 9 research note, Noble Capital Markets analyst Mark Reichman provided an update on current and imminent 2021 drilling at Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) Lost Cities-Cutucu project in Ecuador.

“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,” wrote Reichman.

The analyst noted that Aurania is now drilling the seventh hole of a 10-hole program planned for the Tsenken N1 sediment-hosted copper-silver target; hole TSN1-007 is in progress.

As for the explorer’s Tiria-Shimpia target, Aurania completed three holes there but is awaiting results of the third. It is expected to show what the first two holes did, which is multiple mineralized layers but lower-than-expected grades. The company is moving the drill rig to a different spot within Tiria-Shimpia, and once it is there, Aurania will start drilling, most likely sometime this month, September.

Later this year, Reichman wrote, Aurania will commence drilling the epithermal gold-silver systems at Lost Cities, including Latorre C, “while management prioritizes various targets that continue to emerge in the southwestern portion of the project area.”

One of Aurania’s high-priority drill targets is Tatasham, though drilling it will require building another drill camp. About 3 kilometers in diameter, Tatasham is the largest magnetic feature seen via the geophysical survey done in 2017.

“Management believes the cylindrical core is a [copper] porphyry and the adjacent conductive area is sulphide-rich,” wrote Reichman.

Noble Capital has an Outperform rating and a $3.50 per share target price on Aurania, the shares of which are trading at about $1.98 per share.

Disclosures:

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 Resources Ltd. Click here for important disclosures about sponsor fees. An affiliate of Streetwise Reports is conducting a digital media marketing campaign for this article on behalf of Aurania Resources Ltd. Please click here for more information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

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. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Aurania Resources Ltd., a company mentioned in this article.

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