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Aurania Resources Ltd V.ARU

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

Aurania Resources Ltd. is a 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. It holds 100% of the Lost Cities - Cutucu project that covers approximately 208,000 hectares (ha) in southeastern Ecuador. It has also applied for mineral concessions in adjacent northern Peru, and for an exploration license in the Brittany Peninsula of northwestern France. Epithermal targets for Gold-Silver include Kuri-Yawi, Tatasham and Kuripan. Intrusive-related copper targets include Tatasham and Awacha. It has discovered a 15-kilometer-long trend in which silver-zinc-lead-barium occurs in the Shimpia target area, which is enclosed by the various Tiria epithermal gold-silver targets.


TSXV:ARU - Post by User

Bullboard Posts
Post by rich9on Jun 21, 2006 12:57pm
307 Views
Post# 11016509

Market is dissapointed

Market is dissapointed Obviously, the market wanted something better than 12 g over 250 metres. Maybe everyone feels that the amounts of gold are already starting to thin out and that hole 57 was the epicenter and it's all down-hill from here. That is to say, although we may have a 12 million ounce deposit, we won't have a 20 million plus deposit. Who knows? I am as perplexed as anyone about the share-price dropping after such outstanding news...
Bullboard Posts