Aurania announces that the Company has renewed its full 2,080 square kilometre (“km2”) concession package in Ecuador based on the positive exploration results received to date. The Company will enter into a US$2.0 million unsecured convertible debenture with its Chairman and CEO, Dr. Keith Barron, to cover the concession renewal fees. Aurania’s board has determined that a convertible debenture with an exercise price higher than current market prices would be less dilutive to existing shareholders than a private placement at the current share price.
Dr. Keith Barron, Chairman and CEO discusses the history behind Aurania’s Lost Cities – Cutucu Project in Ecuador and the encouraging exploration results that have been received to date. Dr. Barron also explains how twelve years of historical research, including specific information noted in a 1628 Text from the Vatican library, led to obtaining 208,000 hectares of exploration concessions in the highly prospective Cordillera de Cutucu.
Aurania is pleased to report that field work confirms that the Awacha geophysical Target Cluster also has geological and geochemical features that are typical of porphyry systems. This finding is significant because it supports the contention that Aurania’s project area likely contains porphyry deposits similar to the copper and copper-gold deposits of the adjacent Cordillera del Condor.
Aurania Resources Ltd. (TSXV: ARU) (“Aurania” or the “Company”) announces that it has created an Advisory Committee and is pleased that Mr. Alfred Lenarciak has joined the Company as an independent Special Advisor to the Board of Directors. The Company’s intention is to include Mr. Lenarciak on its slate of directors for the forthcoming Annual and General Meeting scheduled to be held on April 25, 2018. The Company also granted an aggregate of 250,000 stock options to Mr. Lenarciak and members of the management team.
Toronto, Ontario, March 2, 2018 – Aurania Resources Ltd. (TSXV: ARU) (“Aurania” or the “Company”) would like to provide an update on Company events during the PDAC 2018 International Convention commencing on March 4th including a change in time for Dr. Keith Barron’s presentation at Ecuador Day on Monday, March 5th.
Aurania will be exhibiting at booth 2905 in the Investors Exchange from Sunday, March 4th – Wednesday, March 7th at the Metro Toronto Convention Centre (MTCC) in Toronto, Canada. Members of the Board and Management team will be available to discuss the Company’s Lost Cities -Cutucu Project in Ecuador.
Aurania’s events at PDAC 2018 include:
Meet and Greet with Management
The Company is hosting a meet-and-greet on Sunday, March 4th from 11:00am – 3:00pm at The OverDraught Irish Pub, 156 Front Street West across from the MTCC. Please RSVP via the link below so that we may confirm our guest list: http://www.aurania.com/event/shareholder-management-1-1/
Ecuador Day Presentation
Aurania’s CEO and Chairman, Dr. Keith Barron will be speaking at Ecuador Day on Monday, March 5th at 12:10pm in Room 205D. Please note the revised time for Dr. Barron’s presentation, which is part of Session 2A: “Mining as a Pillar of the Country”. Ecuador Day will run from 8:30am-6:00pm. This event is open to all who are attending PDAC.
Corporate Social Responsibility Presentation
Monica Ospina, of “O-Trade”, will be speaking on Wednesday, March 7th at 10:25am in Room 717. Her presentation is titled “Water in the Community: Social Risk, Water as a Nexus”. Ms. Ospina is responsible for the Company’s Corporate Social Responsibility program.
The PDAC International Convention, Trade Show & Investors Exchange is the world’s leading convention for people, companies and organizations in, or connected with, mineral exploration. To pre-register for PDAC, visit http://www.pdac.ca/convention/registration/registration-information
Aurania is a junior exploration mining 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.
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 TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Aurania is pleased to report that further stream sediment sampling and geological mapping has increased the number of targets in the Latorre area to five, from the two previously reported. The chemical signature and geological features of these targets are typical of the upper parts of epithermal gold-silver systems. Aurania’s management believes that alluvial gold discovered in stream gravel 2 kilometres from Aurania’s exploration concession boundary has been eroded from the Latorre area.
Aurania is pleased to announce that the Company will be exhibiting at booth number 2905 in the Investors Exchange at PDAC 2018 being held Sunday March 4th – Wednesday March 7th at the Metro Toronto Convention Centre in Toronto, Canada. Members of the Board and Management team will be available to discuss the Company’s Lost Cities -Cutucu Project in Ecuador.
Richard Spencer, president and director at Aurania Resources, explains what’s next for the company’s Lost Cities – Cutucu project. He also shares why he’s excited to be exploring in Ecuador once again.
Aurania wishes to inform shareholders that thirty-two percent of the warrants issued in the May 2017 private placement have been exercised to date, resulting in approximately C$1.6 million net proceeds to the Company. If all warrants are exercised prior to their expiry, currently set in October 2018, total proceeds of approximately C$4.9 million would be raised.
Aurania’s CEO Dr. Keith Barron and President Dr. Richard Spencer discuss historical geophysics in the area and what they can tell us about data collected from recent programs on the Latorre target in the company’s flagship project: The Lost Cities – Cutucu Project.
Aurania Resources Ltd.
36 Toronto St, Suite 1050
Phone: (416) 367-3200
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