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Aurania Reports On The Copper Potential Of Geophysical Targets

Update on Drilling at Yawi Gold-Silver Target

ID: 1554424
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(PresseBox) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (?Aurania? or the ?Company? -https://www.commodity-tv.com/play/aurania-resources-drill-targets-at-yawi-outlined/ ) reports that soil sampling shows strong enrichment of copper directly over the Tsenken N2 geophysical feature that was identified as a second-tier target in the airborne magnetic survey that the Company completed over its Lost Cities ? Cutucu Project (?Project?) in southeastern Ecuador.

Soil sampling revealed copper enrichment over an area 2,000 metres (?m?) long by 300m wide.

Aurania?s Chairman and CEO, Dr. Keith Barron commented, ?The superimposition of strong copper enrichment in the soil over the Tsenken N2 magnetic feature, along with alteration observed in sporadic outcrops, points toward this being a porphyry copper target.

Next Steps at Tsenken

A soil sampling program, like the one completed over Tsenken N2, is planned for the N1, N3 and N4 targets, to be followed by rock chip sampling and preparation for scout drilling.

Technical Details on the Tsenken N2 Target

Whole rock analysis from the intrusive rocks in the Tsenken target indicate that they are dioritic in composition.

Yawi Drilling Update

After completion of the second hole at the Yawi A target, the drill has been moved to the Yawi B target, where hole YW-003 is inclined to the south beneath an extensive area of sinter.

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

Soil sampling at Tsenken N2 was at 50m intervals on lines spaced 100m apart.d subsequently screened each sample at 80 mesh (using screens with apertures of approximately 0.18 millimetres).nalyzed for 48 elements by ICP-MS; Apart from being analyzed by ICP-MS, gold was also analyzed 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 Persons

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

The technical information relating to geophysical data and related interpretations in this news release has been verified and approved by Jeremy S. Brett, M.Sc., P.Geo., MPH Consulting Limited.

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 at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

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 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: 12/03/2019 - 14:00
Language: English
News-ID 1554424
Character count: 9528
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Firma: Swiss Resource Capital AG
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Stadt: Toronto, Ontario
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