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Aurania Resources Ltd.
Summary
| Project: | Cutucu | |
|---|---|---|
| Deposit: | Crunchy Hills | |
| Location: | Ecuador | |
| Commodities: | Silver | |
| Date: | 5/2/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-5-2019: Aurania Resources Ltd. announces an Exploration/Drilling Update report for its Crunchy Hills deposit at the Cutucu project. Drilling results incl. 13.2m @ 1.8g/t Ag from 44.2m. Toronto, Ontario, May 2, 2019 – Aurania Resources Ltd. (TSXV: ARU) ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jean-Paul Pallier (Not stated) | |
| ABSTRACT: | Toronto, Ontario, May 2, 2019 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) reports that its first scout drilling program at Crunchy Hill in its Lost Cities – Cutucu Project in Ecuador (the “Project”) is nearing completion. Drilling confirmed indications of an epithermal gold-silver system and epithermal-related alteration and sulphides are present in the core; however, no significant vein systems have been intersected as yet. Aurania’s President, Dr. Richard Spencer commented, “Textures and alteration minerals observed in core from the initial drilling at Crunchy Hill indicate the presence of an epithermal system – although we have not been able to locate its centre as yet. Seven bore holes have been completed and we’ve used data from those holes to vector towards the core of the system - that is now being targeted with an eighth hole. We’re considering drilling a ninth hole at Crunchy Hill, and on completion of that hole, plans are to move the rig to the Yawi area where three targets for epithermal gold-silver mineralization are located. This is the nature of grassroots programs, where drilling is used as one more tool in the exploration process, especially in jungle-covered areas where there is very little rock exposure.” | |
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