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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 Jul 24, 2006 4:38pm
365 Views
Post# 11139405

Ecuador in dire need of foreign capital

Ecuador in dire need of foreign capital Just to show how desperate the government of Ecuador has been about getting some foreign money into the country, a few years ago, the banks were paying 25% interest on your canadian or american money. The one hitch was that you had to keep it in the country for at least one full year,if not more. This government stands to have billions of dollars enter the country via these Canadian mining companies. This money will do great good for the local economies. This is the whole reason for the government being pro-mining in the first place. The government of Ecuador will never take over this property from Aurelian. As far as taxation is concerned, it's a possibility, but this will be a problem for the new owners of the property, not Aurelian's.
Bullboard Posts