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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 Oct 10, 2006 6:21pm
429 Views
Post# 11484296

Lots of gold under the sandstone.

Lots of gold under the sandstone. There's approximately 10 or 11 million ounces of gold so far at FDN and there is at least 1/2 million ounces one kilometer south at Las Penas. This is all the same gold deposit. They will eventually drill beneath that 20 to 40 metres of Sandstone that covers the deposit between FDN and Las Penas and they will find alot more gold. The question is: how much is under there? My guess is that the grades are richer than Las Penas's but weaker than FDN's but nevertheless, can quickly add up to a couple of extra million ounces of gold and siver. If ARU is getting 5 new drills by November, that will mean 7 drills will be going at her full throttle. We are going to see alot of progress. I can't see the market not wanting in on this kind of action. The blue-sky potential is still excellent. Once we get some more good drill results, the share-price cannot but go higher.
Bullboard Posts