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Aurania Resources Ltd
Symbol ARU
Shares Issued 40,921,189
Close 2020-09-11 C$ 3.92
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Aurania starts drilling Tsenken target at Lost Cities

2020-09-14 07:22 ET - News Release

Dr. Keith Barron reports


Drilling has commenced on the Tsenken N2 copper-silver target at Aurania Resources Ltd.'s Lost Cities-Cutucu project in southeastern Ecuador.

Dr. Keith Barron, chairman and chief executive officer of Aurania, commented: "I'm delighted to report that drilling has started at the Tsenken N2 target. The man-portable rig was air lifted to the first drill platform by helicopter last week and drilling started on Sunday. The lightweight rig has the capacity to drill to 800 m (2,400 feet) so that each drill hole can test both cylindrical porphyry targets as well as enclosing sheet-like sedimentary-hosted copper-silver targets."

An image on the company's website shows the exploration concept that will be drill tested at Tsenken N2: Slightly inclined sedimentary layers partially cover roughly cylindrical-shaped porphyry copper targets. The first drill holes are planned to a depth of approximately 400 m (1,200 feet). After drilling three to five holes at Tsenken N2, the plan is to move the rig to test the Tsenken N3 target.

Results will be reported as they become available, likely commencing in the latter part of October or early November.

Qualified person

The technical information contained in this news release has been verified and approved by Jean-Paul Pallier, MSc. Mr. Pallier is a designated EurGeol by the European Federation of Geologists and is a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

About Aurania Resources Ltd.

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. 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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