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Aurania Resources Ltd V.ARU

Alternate Symbol(s):  AUIAF | AUIWF | V.ARU.W.B

Aurania Resources Ltd. is a Canada-based mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities-Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes-mountain range of southeastern Ecuador. The Company holds a 100% interest in the Lost Cities Project, comprised of certain mineral concessions covering approximately 207,764 hectares (ha) in southeastern Ecuador. The Company’s land position in Peru consists of a total of approximately 130 concession applications and concession titles covering 128,700 ha. The Company has no steady source of revenue.


TSXV:ARU - Post by User

Post by KlondikeKittenon Jan 08, 2023 11:45am
713 Views
Post# 35209625

Finally encouraging news out of Aurania - shareholder letter

Finally encouraging news out of Aurania - shareholder letterFinally some encouraging news out of Aurania - Barron’s 2023 letter to shareholders
 
Aurania is currently drilling the Tatasham target. No analysis data yet, but promising rock samples collected by their field geologists.

Barron is kind of long winded in his message, so let me point you to the last paragraph, which is the really important one:

“At this time, it seems highly probable that we have an epithermal system perched on top of a porphyry. Also, due to the amount of sinter brecciation and disruption we are probably right on top of the vent.”

The share price has doubled in two days after the letter was published.

You can download it here:

https://aurania.com/wp-content/uploads/2023/01/ARU-Letter-to-shareholders-KB-Jan-2023-final.pdf

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