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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
Comment by tradeitallon Jul 11, 2007 11:39am
344 Views
Post# 13070259

RE: 43-101

RE: 43-101Nijinski - nice summation, thank you. Makes sense that the political situation is a major contributor to the success of both the share price and the Company's (or an acquiring company's) ability to extract and sell the gold while taking profits. However, given the magnitude of this discovery, which will hopefully be solidified with the 43-101 news in the next little while, why wouldn't the Ecuadorian government be cooperative and help facilitate access to its resources? There must be more gold in them thar hills, I would think that allowing major investments to occur in the country would be beneficial, and there's room for a royalty to the state as well..
Bullboard Posts