Dr. Richard Spencer reports
AURANIA PROVIDES UPDATE ON OPERATIONS
Aurania Resources Ltd. has provided an update on exploration activities at its Lost Cities-Cutucu project in southeastern Ecuador.
Scout drilling at Yawi
Four boreholes have been completed on three epithermal gold targets (targets A, B and C) at Yawi. The drill crew is operational after its year-end break and is scheduled to start drilling the fifth hole, on target C, over the next few days. An update on drilling will be issued shortly.
Prof. Jeff Hedenquist, a pre-eminent specialist in epithermal gold deposits, visited Aurania's project site in mid-December. Prof. Hedenquist reviewed core from the Yawi and Crunchy Hill targets and provided guidance on Aurania's general exploration program for epithermal gold-silver and silver-zinc-lead systems.
In addition, applications have been submitted for the water permit for scout drilling of the Apai epithermal target, which is the next target ranked for drilling after the Yawi epithermal gold target.
A specialist archeological consulting group has been contracted to review the 2.5-kilometre stretch of trail that is believed to be a segment of the road that joined the historic mines of Logrono de Los Caballeros and Sevilla de Oro that were gold mining centres during the Spanish Colonial era. Lidar and detailed satellite imagery will be incorporated into this investigation while field teams continue to explore the area for mineral deposits.
Field teams are exploring porphyry mineralization in the immediate vicinity of sedimentary-hosted copper-silver mineralization to establish if there is a link between the two styles of mineralization. This work is important in maximizing the efficiency of planned scout drilling on the copper targets with an ultralightweight drill rig that has a capacity to reach a maximum depth of 200 metres. A video demonstration of the simplicity of extracting copper metal from sedimentary-hosted mineralization can be viewed by going to the company's website.
National Instrument 43-101 report
An updated, independent, National Instrument 43-101 report on exploration results from the Lost Cities-Cutucu project is nearing completion and is scheduled to be filed on SEDAR and to be made available on the company's website, shortly.
About Aurania Resources Ltd.
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. Its flagship asset, the Lost Cities-Cutucu project, is located in the Jurassic metallogenic belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.
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