Research Report
Streetwise Reports (5/6/21) Noble Capital Markets commented in a research report that Aurania Resources Ltd. s Lost Cities project is presenting an abundance of drilling targets for a variety of metals and the potential to make multiple discoveries in its large concession package.
In a May 3 research note, Noble Capital Markets Inc. analyst Mark Reichman stated that junior mining company Aurania Resources Ltd. s (ARU:TSX.V; AUIAF:OTCQB) exploration program is providing an abundance of drilling targets for a variety of metals and the potential to make multiple discoveries in its large concession package.
Reichman noted that Aurania Resources management advised in an update late last month that it is operating two drills at its Lost Cities project that are focused on the Kuri-Yawi gold-copper target and the Tsenken N1 copper-silver target. The company noted that it has located two new target areas, including a highly prospective silver-zinc area name
Outperform-Rated Explorer Has Potential to Make Multiple Discoveries
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Aurania Resources Ltd eyeing potential multiple discoveries at Lost Cities-Cutucu project in Ecuador
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Colombia, Ecuador & Peru Snapshot: Companies with properties to watch
While Colombia, Ecuador and some parts of Peru are less explored than some more established mining jurisdictions, the three countries feature a rich mining history and prospective geology. Below, we showcase eight companies active in South America.
Aris Gold
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Aris Gold’s Marmato project in Colombia. Credit: Aris Gold.
Aris Gold (TSX: ARIS; US-OTC: ALLXF) was formed this year from predecessor company Caldas Gold. In November, Caldas announced the upcoming name change, along with an C$85 million subscription receipt offering and a new board and management team.
The new management with Neil Woodyer as CEO includes team members that played key roles with both Leagold Mining (the company merged with Equinox Gold (TSX: EQX; NYSE: EQX) in March 2020) and Endeavour Mining (TSX: EDV; US-OTC: EDVMF).
Colombia, Ecuador & Peru Snapshot: Companies with interesting assets to watch
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