register free | resend password


Aurania confirms extension of silver-gold target in Ecuador

ID: 1561050
recent pressrelease next pressrelease

(PresseBox) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (?Aurania? or the ?Company? - https://www.commodity-tv.com/play/aurania-resources-start-of-an-aggressive-36000m-drill-program-in-several-areas/) reports that while the scout drilling program at the Tsenken N2 copper target is ongoing, other exploration teams have discovered extensions to the areas of silver enrichment in soil previously reported from the Tiria-Shimpia silver-gold target over a cumulative length of 15 kilometres (?km?).

Dr. Keith Barron, Chairman and CEO of Aurania commented, ?Tiria-Shimpia is shaping up to be one of many compelling targets in Aurania?s portfolio.

Tiria-Shimpia Target

Soil sampling at the Tiria-Shimpia target has defined a large mineralized system that covers an area 75 square kilometres in extent ? and is still open along trend - on the margin of a large, intensely magnetic feature that is interpreted to be a porphyry cluster. announcements about Tiria-Shimpia can be found in Aurania?s press releases dated February 5, 2020, September 9, 2019 and November 29, 2018.

Rock-chip samples from boulders had grades of up to 710g/t silver and 48% zinc, while the highest grade samples from outcrop were 356g/t silver with 12.7% zinc and 11% lead (see press release dated September 9, 2019) and a subsequent sample with 199g/t silver, 22% zinc and 20.6% lead.



Aurania?s exploration of the Tiria-Shimpia target is guided by its likeness to the silver-lead-zinc deposits of the Colquijirca district in Peru that contains the Cerro de Pasco deposit that was mined for silver by the Colonial Spanish from the year 1630 onwards.

Next Steps

Despite the large size of the target area at Tiria-Shimpia, regional exploration in adjacent areas suggests that the system is larger and soil sampling will be done to refine those potential extensions.

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

Laboratories: The soil samples were prepared for analysis at ALS Global?s (?ALS?) lab in Quito, or at MS Analytical (?MSA?) in Cuenca, Ecuador.

Sample preparation: Soil samples consisted of approximately one kilogram of clay from the iron-rich ?B? horizon at each sample point. The soil samples were dried and subsequently screened through 80 mesh (using screens with apertures of approximately 0.18 millimetres).

Analytical procedure:

QAQC: Aurania personnel inserted a certified standard pulp sample, alternating with a field blank, at approximate 20 sample intervals in all sample batches. Aurania?s analysis of results from its independent QAQC samples showed the batches reported on above, lie within acceptable limits.

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

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-.

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.



More information:
http://https://



Keywords (optional):



Company information / Profile:

PressRelease by

Requests:



PressContact / Agency:



published by: PresseBox
print pressrelease  send to a friend  

Date: 09/28/2020 - 07:32
Language: English
News-ID 1561050
Character count: 10454
Kontakt-Informationen:
Firma: Swiss Resource Capital AG
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt: Toronto, Ontario
Telefon:

Meldungsart:
Versandart:
Freigabedatum:
Comments:



Number of hits: 114

Linking-Tips:



Direct Link to this PressRelease:






We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease






All members: 9 438
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 71


Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.