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Aurania Reports On Scout Drilling At Yawi Gold-Silver Target

ID: 1555582
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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-following-track-of-possible-road-lidar-program-started/ ) is pleased to provide an interim report on its scout drilling at its Yawi target in its Lost Cities ? Cutucu Project (?Project?) in southeastern Ecuador.

Six drill holes have been completed on Targets A, B and C on the Yawi epithermal gold-silver target area. refined Aurania?s understanding of its Crunchy Hill target and a target concept has been better defined in the area of the last hole drilled there.

Aurania?s Chairman and CEO, Dr. Keith Barron commented, ?The first drill holes at Yawi have provided us with a clear picture of the nature of the epithermal target and we are using vectors evident in the drill core to direct our exploration towards the more prospective parts of the epithermal system.

Target Evolution

The drilling has revealed a large maar-diatreme system at Yawi.http://www.aurania.com/initial-take-on-yawi-drilling-video/. Vectors derived from mineral alteration and pathfinder element analyses from the drill core are being used to steer the scout drilling towards the prospective parts of the system.

The maar-diatreme environment identified at Yawi has helped to refine a target at Crunchy Hill.

Details of Drilling at Yawi


A total of 2,505m has been drilled in 6 bore holes at Yawi.

Target A:

Drill hole YW-001, inclined at 60

Drill hole YW-002 was drilled on the same section line but collared to the south and inclined at 65

Target B:

Hole YW-003 was drilled to 261m, inclined at 50rmal target; and



Hole YW-006 was inclined to the north and drilled to a depth of 288m from the same platform as YW-003. The bore hole intersected similar alteration to hole YW-003 and assays are awaited to confirm metal enrichment that would strongly reinforce the vector indicating that the core of the epithermal system lies to the east.

Target C:

Hole YW-004 was drilled to a depth of 517 at 60

Hole YW-005 was collared 166m south of YW-004 and was drilled in the same direction as YW-004. Illite-smectite clay alteration in these holes shows that they are further from the core of the epithermal system than holes YW-003 and TW-006 and confirm increasing hydrothermal fluid temperatures towards the east.

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: 01/31/2020 - 09:48
Language: English
News-ID 1555582
Character count: 10167
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