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.

TSXV:ARU - Post by User

Aurania Resources Ltd

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Post by rich9on Sep 14, 2006 7:30pm

300 Views

Post# 11365770

Still lots of gold on ARU's properties

The gold resource is going up significantly each and every drill result that ARU announces. The share-price will continue its ascent. It has to, there's just too much gold there. The main reason it went down today is because of panic selling due to the continuing drop in the price of gold. There's lots of fear in the gold market right now. Let's wait and see what the next few days bring in terms of the direction of the price of gold and then we'll get a clearer picture of where the shareprice of ARU should settle at.

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