AUIAF - Aurania Resources (AUIAF) - Tsenken or Copper King?

Tsenken is yielding an abundance of copper targets. Aurania has had much success at the Tsenken area of its Lost Cities project. During the last several weeks the company has confirmed copper and silver in breccia, sediment-hosted deposits as well as the potential for copper porphyry style deposits. While Aurania is a gold-focused explorer, the success of its copper exploration program may be an element of the story that investors under appreciate and could be an important source of value for shareholders.Readying targets for scout drilling. Drilling is expected to commence at the Tsenken N2 and N3 targets prior to the end of the third quarter and the N1 target will be drilled immediately thereafter. Following field mapping and soil sampling, scout drilling could also commence at Tsenken A, a fault-related breccia with high-grade copper and silver, and Tsenken B which contains sediment-hosted copper and silver. We note that copper and silver have been confirmed over an area that extends 6 kilometers north from Tsenken A.Rating remains Outperform. Aurania’s exploration program has already revealed the rich mineral potential of the Lost Cities project and yielded ample drilling targets. The latest findings at Tsenken are providing the field teams with a greater understanding of the geological setting which should facilitate a more focused and productive drill program.Read More >>