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Aurania Provides Progress Update on Bayesian Data Analysis Being Undertaken with Metron Inc.

ID: 1552629
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(PresseBox) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (?Aurania? or the ?Company? - https://www.youtube.com/watch?v=QAYv2kyzfkY&t=11s ) is pleased to report on the first review of the Bayesian data analysis that is being undertaken in conjunction with Metron Inc. (?Metron?) of Reston, Virginia, USA.

Aurania?s Chairman and CEO, Dr. Keith Barron, commented, ?Already at this early stage of this analysis, Metron has us thinking about sites to target for exploration which we had not considered or were far down our priority list.

Dr. Larry Stone, who is the project-lead from Metron, added, ?Aurania?s field work has produced high quality data from a number of independent sources that indicate the presence of gold or copper potential.

The entire Project area has been divided into 500m by 500m cells, and each cell is assigned a probability of containing gold, based on the data from each ?layer? of information.

A probability of each geological formation to contain a gold or copper deposit was incorporated into the matrix.

The fourth layer of data reviewed contains the results of geochemical analysis of stream sediment samples from the field work that has been completed over approximately 50% of the Project.ithermal gold, sedimentary-hosted copper-silver, porphyry copper-gold and silver-zinc-lead.

The next steps involve the addition of geological fault information to the matrix.

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-.



For further information, please contact:

Carolyn Muir

Manager ? Corporate & Investor Services

Aurania Resources Ltd.

(416) 367-3200

carolyn.muir(at)aurania.com

Dr. Richard Spencer

President

Aurania Resources Ltd.

(416) 367-3200

richard.spencer(at)aurania.com

In Europe:

Swiss Resource Capital AG

Jochen Staiger

info(at)resource-capital.ch

www.resource-capital.ch

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains 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, inability to complete the Offering, 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: 09/27/2019 - 10:02
Language: English
News-ID 1552629
Character count: 9224
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Firma: Swiss Resource Capital AG
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Stadt: Toronto, Ontario
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