Aurania Resources Ltd V.ARU

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

Metals & Mining Industrial Metals & Minerals

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.

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Aurania Resources Ltd

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Comment by BlindBoyon Aug 18, 2006 3:47pm

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Post# 11245388

RE: Ideal takeover - Toasted2

that's also my idea of the best course for shareholders. PSM spun off UEX number of years ago and it did very very very well. At the time of spinoff PSM was around 0.30 . After the spinoff, there was a lengthly period where not much happened, and UEX gradually sunk to under a dime. But then UEX began to move like a rocket and ran to well over $4.00 within a year. PSM also made it's way to over $1.00 . Between the two entities, the 0.30 package @ time of spinoff was now worth well over $5.00 . And they didn't have a world class asset like ARU has. I think a spinoff would be incredible for shareholders.

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