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Aurania outlines drill targets at Yawi

Update on planned drill program

ID: 1551447
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(PresseBox) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (?Aurania? or the ?Company? - https://www.commodity-tv.net/c/search_adv/?v=299154 ) provides details of Yawi, where four of its 17 current gold-silver targets are located in its Lost Cities ? Cutucu Project (?Project?) in southeastern Ecuador.

Yawi targets

The targets at Yawi lie within an area measuring approximately 4 kilometres (?km?) by 4km in the southern part of the Project.

Soil sampling has identified four targets that contain elevated levels of silver and other ?pathfinders? - elements that typically occur in epithermal gold-silver systems. element footprint (Figure 2).

Fossil geyser system

Successful targeting depends on a clear understanding of which part of the epithermal system is exposed by today?s erosion level.al hundred metres beneath the altitude of the sinters at Yawi.

Similarities to the Fruta del Norte epithermal system

One of the peculiarities of targets A and D at Yawi (Figure 2) is that the metal and pathfinder enrichment in soil lies at elevations above the sinter.

Update on Drill Planning

Current indications are that all permissions are expected to be in place for drilling to commence on the first of the Yawi targets in September 2019.

Induced polarization (?IP?), a geophysical technique designed to identify possible areas of quartz veining (through resistivity responses) and/or the presence of sulphides (through conductivity responses) to a depth of several hundred metres below surface, may be undertaken concurrently with the drilling at Yawi.

Sample Analysis & Quality Assurance / Quality Control (?QAQC?)

Approximately one kilogram of material was collected from the iron-rich ?B? horizon of the soil profile at each sample point. The soil samples were prepared for analysis either at ALS Global?s (?ALS?) lab in Quito, Ecuador or at MS Analytical (?MSA?) in Cuenca, Ecuador.d by fire assay with an ICP-AES finish.



Aurania personnel inserted a certified standard pulp sample, alternating with a field blank, at approximate 20 sample intervals in all sample batches.

The labs reported that the analyses had passed their internal QAQC tests.

Qualified Person

The technical information contained in this news release has been verified and approved by Jean-Paul Pallier, MSc.

About Aurania

Aurania is a junior mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper.

Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter athttps://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

Forward-Looking Statements

This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania?s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as ?believes?, ?anticipates?, ?expects?, ?estimates?, ?may?, ?could?, ?would?, ?will?, or ?plan?. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management?s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Aurania?s objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation?s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in Aurania?s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.



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Date: 08/15/2019 - 16:16
Language: English
News-ID 1551447
Character count: 9318
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