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Aurania Resources Ltd.
Summary
| Project: | Lost Cities | |
|---|---|---|
| Deposit: | Crunchy Hill | |
| Location: | Ecuador | |
| Commodities: | Silver-Arsenic-Antimony | |
| Date: | 6/13/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-6-2019: Aurania Resources Ltd. announces an Exploration/Drilling Update report for its Crunchy Hill deposit at the Lost Cities project. Drilling results incl. 11.5m @ 2.78ppm Ag, 23.51ppm As, 3.90ppm Sb from 10.00m. Toronto, Ontario, June 13, 2019 – Au | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jean-Paul Pallier (Not stated) | |
| ABSTRACT: | Toronto, Ontario, June 13, 2019 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) reports that it has completed its scout drilling campaign at Crunchy Hill and has received all assays and results of detailed studies of alteration minerals in the drill core. The exploration model developed from these data suggests that the scout drilling at Crunchy Hill intersected the very upper part of an epithermal system. Dr. Keith Barron, Chairman and CEO commented, “I’m encouraged by the success of our scout drilling – the first-ever mineral exploration drilling in the Cordillera del Cutucu in southeastern Ecuador. We have used a multidisciplinary approach, including geology, geochemistry, mineral textures and spectral data measured from the core, to confirm the presence of an epithermal system and have learned that the targeted gold zone is deeper than was initially modelled. All this has taken time but should pay dividends longer term as these concepts are applied to the drilling of our extensive list of epithermal gold targets.” Aurania’s President, Dr. Richard Spencer added, “With the receipt of the final assays and detailed alteration mineral data from the nine holes drilled at Crunchy Hill, we finally have the relevant building blocks to refine our understanding of the target. The campaign at Crunchy Hill achieved what scout drilling is designed to accomplish: it confirmed the presence of an epithermal system and has indicated where we would need to drill to intersect the heart of the system where associated gold would be expected.” | |
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