Markets

Other extremely valuable mineralization discovered over 15 km!

In the past two weeks, gold, silver and numerous precious metal mining stocks have suffered some drastic price corrections. Was it that again with rising prices, or did we just see a healthy course correction? A look at the respective Point & Figure Chart suggests the latter!

That comes to the Canadian precious metals explorer Aurania Resources Ltd. (ISIN: BMG069741020 / TSX-V: ARU) right, because his top Colombian project ‘Lost-Cities-Cutucu’ is currently running like clockwork in the truest sense of the word. While the drillings on the ‘Tsenken N2’ project section were completed with top values, the field work on the ‘Tiria-Shimpia’ sub-project also showed amazing results.

When collecting rock samples and geomagnetic measurements, it was found that valuable mineralization is not only on parts of the route, but on the entire 15 km long trend. Having already received 710 g / t silver and 48% zinc or 199 g / t silver, 22% zinc and 20.6% lead found, the new measurements also show a dense presence of so-called pawn finder elements. And boy scout elements are an unmistakable indicator of silver deposits. The awesome thing is that these boy scout elements are strung together like a string along the entire trend.

Source: Aurania Resources

Arsenic, antimony, mercury, selenium, thalium and zinc are all represented in high density. This gathering is as enjoyable as it is rare. Because except in neighboring Peru, such mineralization has never been discovered in Colombia.

No wonder that with this success ‘Tiria-Shimpia’ has climbed to the top of the list of priorities and should be prepared for drilling immediately. But beforehand, the most promising areas are narrowed down further by means of further soil samples in order to ensure that the best drilling sites can be determined.

Dr. Keith Barron, CEO of Aurania Resources, is impressed with the findings of ‘Tiria-Shimpia’, especially the fact that four main zones of silver enrichment were discovered in the samples. In his opinion, the Silver Zone is located in an area with much larger mineralization systems, which in turn lie on the flank of the greatest magnetic density measured in the surveys.

Since gold enrichments have also been discovered in other areas, these areas should be examined separately. Therefore, he lets his team start the additional field work at full speed in order to be able to start exploratory drilling in the most promising places as quickly as possible.

With the now known expansion of the existing mineral wealth over the full 15 km long trend length, ‘Tiria-Shimpia’ is a real hit.

In order to be able to confirm, expand and enlarge this and also the previous evaluations, the company under the management of Cantor Fitzgerald Canada Corporation including Canaccord Genuity Corp, Echelon Wealth Partners Inc., Eight Personal-Financial.com, Haywood Securities Inc. and Raymond James Ltd. through a financing round, in the context of which 2,330,000 units at a price of 4.30 CAD per unit offered for gross proceeds of 10,019,000 CAD should be issued. Each unit consists of one common share and one half of a common share purchase guarantee. Each entire warrant entitles the holder to purchase one common share at a price of $ 5.50 for a period of two years from the closing date of financing, which is expected around October 14, 2020.

Should the demand for the financing round be extremely high, Aurania Resources has agreed to an over-allotment option. Accordingly, the consortium banks can, at their own discretion, sell up to 349,500 additional units at the offer price within 30 days of the closing date of the initial offer. If the over-allotment option is exercised in full, the additional total gross proceeds for the company will increase by around CAD 1.5 million.

With this financing round, the major project ‘Lost-Cities-Cutucu’ can be lifted to the next exploration level, which is just beginning to develop its career, which means a steady flow of news for the shareholders. So right now it is extremely exciting to be a shareholder in Aurania Resources! In our opinion, yesterday’s share price slide on the financing level is only due to profit-taking and the financing offer, which is below the high of 5.46 CAD. Because operationally the company has only improved in the past few weeks!

regards

you

Jörg Schulte

Risk information and disclaimer: We expressly point out that we do not accept any liability for the content of external links. Every investment in securities is fraught with risks. Due to political, economic or other changes, there can be considerable price losses. This applies in particular to investments in (foreign) small caps as well as in small and microcap companies; Due to the low market capitalization, investments in such securities are highly speculative and involve an extremely high risk up to the total loss of the invested capital. In addition, the shares presented at JS Research UG (limited liability) are partially subject to currency risks. The background information, market assessments and securities analyzes published by JS Research UG (limited liability) for the German-speaking area were prepared in compliance with the Austrian and German capital market regulations and are therefore intended exclusively for capital market participants in the Republic of Austria and the Federal Republic of Germany; other foreign capital market regulations were not taken into account and do not apply in any way. The publications by JS Research UG (limited liability) are for informational purposes only and expressly do not represent a financial analysis, but are promotional texts of a purely advertising nature to the companies discussed in each case, which pay a fee for this. There is no consulting contract between the reader and the authors or the publisher through the purchase of the JS Research UG (limited liability) publications. All information and analyzes do not constitute a solicitation, an offer or a recommendation to buy or sell investment instruments or for other transactions. Every investment in stocks, bonds, options or other financial products is subject to – in some cases considerable – risks. The editors and authors of JS Research UG (limited liability) publications are not professional investment advisors !!! Therefore, it is essential that you always seek advice from a qualified specialist (e.g. your house bank or a qualified advisor you trust) when making investment decisions. All information and data published by JS Research UG (limited liability) come from sources that we consider to be reliable and trustworthy at the time of preparation. However, no guarantee can be given with regard to the correctness and completeness of this information and data. The same applies to the evaluations and statements contained in the analyzes and market assessments by JS Research UG (limited liability). These were created with the necessary care. Any responsibility or liability for the correctness and completeness of the information contained in this publication is excluded. All statements of opinion made reflect the current assessment of the author, which can change at any time without prior notice. No guarantee or liability is expressly assumed that the price or profit developments forecast by JS Research UG (limited liability) will occur.

Information on conflicts of interest: The editors and responsible authors hereby declare that the following conflicts of interest with regard to the Aurania Resources company discussed in this publication existed at the time of publication: I. Authors and the publisher, as well as consultants and clients related to them, do not hold any shares at the time of publication in Aurania Resources and reserve the right to buy or sell at any time and without notice. II. Authors and the publisher and client, as well as consultants closely related to them, have a consulting mandate with Aurania Resources at the time of publication and receive a fee for this. The authors and the editor know that other newsletters, media or research firms are reviewing Aurania Resources’ stock during the same period. Therefore, symmetrical generation of information and opinions occurs during this period. This publication by JS Research UG (limited liability) is expressly not a financial analysis, but a publication of a very clear and clearly promotional character on behalf of the company under discussion and thus to be understood as an advertising / marketing message.

According to §34 WpHG, I would like to point out that Jörg Schulte, JS Research UG (limited liability) or employees of the company hold shares in Aurania Resources and can continue to do their own transactions in the shares at any time (e.g. long or short positions) . We expressly point out a conflict of interest. This also applies to options and derivatives based on these securities. Any resulting transactions may, under certain circumstances, affect the company’s share price. The information, recommendations, interviews and company presentations published on the “websites”, the newsletter or the research reports are paid for by the respective companies or third parties (so-called “third parties”). The “third parties” include e.g. Investor relations and public relations companies, brokers or investors. JS Research UG (limited liability) or its employees can partially be rewarded directly or indirectly for the preparation, electronic distribution and other services by the discussed companies or so-called “third parties” with an expense allowance. Even if we prepare each report to the best of our knowledge, we advise you to use other external sources with regard to your investment decisions, such as Contact your house bank or a trusted advisor. For this reason, liability for financial losses that may result from using the information discussed here for your own investment decisions is categorically excluded. Particularly in the case of raw material and exploration stocks and low capitalized stocks, the depot proportions of individual stocks should only be so much that even in the event of a total loss, the overall deposit can only lose marginal value. In particular, stocks with low market capitalization (so-called “small caps”) and especially exploration stocks, as well as all listed securities in general, are subject to considerable fluctuations. The liquidity in the securities can be correspondingly low. When investing in the raw materials sector (exploration companies, raw material producers, companies developing raw material projects), additional risks must be taken into account. Below are some examples of specific risks in the raw materials sector: Country risks, currency fluctuations, natural disasters and storms (e.g. floods, storms), changes in the legal situation (e.g. export and import bans, punitive tariffs, prohibition of raw material extraction or raw material exploration, nationalization of projects), environmental requirements (e.g. higher costs for environmental protection, designation of new environmental protection areas, prohibition of various mining methods), fluctuations in raw material prices and considerable exploration risks.

Disclaimer: All information published in the report is based on careful research. The information does not represent an offer to sell the shares discussed, nor an invitation to buy or sell securities. This report only reflects the personal opinion of Jörg Schulte and is in no way to be equated with a financial analysis. Before making any investments, professional advice from your bank is essential. The statements are based on sources that the publisher and his staff consider to be trustworthy. Nevertheless, no liability can be assumed for the correctness of the content. No guarantee is given for the accuracy of the charts and data on the commodity, currency and stock markets shown. The source language (usually English) in which the original text is published is the official, authorized and legally valid version. This translation is included for better understanding. The German version can be shortened or summarized. No responsibility or liability is assumed for the content, correctness, appropriateness or accuracy of this translation. From the perspective of the translator, the message does not constitute a buy or sell recommendation! Read here – https://www.js-research.de/disclaimer-agb/ -. Please also note the original English message, if available.

Note: PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section. PERSONAL-FINANCIAL.COM AG is not responsible for content that has been recognized by third parties in the “News” section of this website and does not adopt it as its own. This content can be identified in particular by a corresponding “from” mark below the article heading and / or by the link “To read the full article, please click here.”; The named third party is solely responsible for this content.

Tags

Related Articles

Back to top button
Close
Close