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Last C$0.01 CAD
Change Today -0.005 / -33.33%
Volume 3.5K
AUU On Other Exchanges
As of 2:29 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

aura silver resources inc (AUU) Snapshot

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52 Week High
06/12/14 - C$0.08
52 Week Low
03/24/15 - C$0.0050
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aura silver resources inc (AUU) Details

Aura Silver Resources Inc., an exploration stage junior mining company, engages in the identification, acquisition, evaluation, and exploration of precious metal deposits in North America. The company primarily explores for gold and silver, as well as base metal deposits, such as copper, lead, and zinc. It holds 73% interests in the Taviche project located San José mining district in Oaxaca, Mexico; and 100% interests the Greyhound project in the Churchill region of Nunavut, Canada. The company is headquartered in Manotick, Canada.

aura silver resources inc (AUU) Top Compensated Officers

Chief Executive Officer, President and Direct...
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Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

aura silver resources inc (AUU) Key Developments

Aura Silver Resources, Inc. Greyhound Project Returns Positive Results from the 2014 Exploration Program

Aura Silver Resources, Inc. announced the 2014 field program consisted of surface sampling, collection of 328 rock samples as well as a drill program designed to explore coincident structural and conductive targets. Agnico Eagle staked additional claims enlarging the Greyhound project area as a result of their assessment of the potential of this area. The 2015 program expenditures, estimated to be $500,000, will form part of the expenditure requirements under the option agreement. Exploration consisted of a preliminary 10-day examination of coincident structural/lineament/conductive targets collecting grab samples from rusty boulders, outcrops, sampling of quartz veins and a geological appraisal of these targets. Approximately 20% of the samples collected were anomalous with the high gold sample returning 15.5 g/t; the best silver sample encountered 3,850 g/t; and, copper samples assayed up to 3.3%. Lead is also present with sampling returning up to 38,700 ppm (3.9%). The high gold, silver and lead values occurred around and approximately one kilometre to the south of Aura Lake while the high copper value was centered to the northeast of Aura Lake at the Dingo zone. Sampling in the Dingo zone was much more extensive in 2014 than in previous exploration programs in the area. Agnico Eagle's 2014 diamond drilling program consisted of 7 holes (894 metres) and tested various structural and conductive targets across the property. Sulphide mineralization in the order of 2-10% pyrite over widths of up to 80 metres was intersected in all of the holes with semi-massive chalcopyrite and bornite being identified in at least one hole. The area hosting the chalcopyrite (copper) mineralization was found at the Dingo zone, northeast of Aura Lake. The other holes were targeted at geological structural targets and did not intersect interesting precious metal values.

Aura Silver Resources, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Aura Silver Resources, Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net loss was $107,811 against $96,001 a year ago. For the six months, the company reported net loss was $246,998 against $173,262 a year ago.

Aura Silver Resources Inc. Completes an Extensive Soil Sampling Survey on its East Taviche Property in Oaxaca Mexico

Aura Silver Resources Inc. has completed an extensive soil sampling survey on its 72% owned East Taviche property in Oaxaca Mexico. The purpose of this program is to enhance the knowledge of the geology and geochemical expression of the Company's Higo Blanco jasperoid structure in order to expand the existing resource and find additional, buried precious metal targets. In addition, preliminary geological reconnaissance and rock sampling were conducted in the northern end of the East Taviche concession (East Taviche North) to assess the potential for the continuation of vein structures, some of which were previously identified on an adjacent property. The company then plans to amalgamate all data sources in order to enhance the understanding of the sources of the silver and gold drill intercepts from previous campaigns. At East Taviche North, several veins and vein swarms along with associated stock works have been identified and traced for approximately 1.2 km. These veins may represent the possible extension of a gold/silver resource from an adjacent property held by Arco Resources Corp. The veins generally consist of quartz-calcite with minor sulphides and range in width from 30 cm to over 2.5 m. The host rocks consist of andesite with minor outcroppings of volcanic sediments and some "islands" of limestone. Limited sampling has been done and assays are not yet available. Little is known about these veins as well as those of the adjacent concession. Several "historic" pits and at least one shaft with a good-sized waste dump, which was also sampled, were observed in the area. It is planned that more mapping, sampling and trenching be conducted in this area in the future. Assaying of rock samples from this program will be completed by Activation Labs through their office in Zacatecas, Mexico. These rock samples will be analyzed for gold using a 30g fire assay with AA finish while silver will be analyzed using a four acid "near total" digestion multi-element package. The soil samples will be analyzed by Spatiotemporal Geochemical Hydrocarbons (SGH) at Activation Labs, Ancaster, Ontario offices.


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