Aurania reports that its exploration teams have discovered silver-lead-zinc mineralization in grab samples that run as high as 325 g/t silver, 48% zinc, and 39% lead, discovered between the new Tiria epithermal gold-silver target and the Jempe copper porphyry zone in its Lost Cities – Cutucu Project in Ecuador.
Aurania reports that gold and pathfinder elements typical of epithermal systems have been detected in stream sediments from an area about 5 kilometres long in the Tinchi target in the Company’s Lost Cities Cutucu project in southeastern Ecuador. The Tinchi target lies along trend of the Kirus area in which high-grade copper has been discovered (see news release dated November 1, 2018).
Aurania announces that Dr. Keith Barron will provide an overview and progress update on the Company’s Lost Cities – Cutucu Project in Ecuador to audiences in New York and at Mines and Money London during November 2018.
Toronto, Ontario, November 1, 2018 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) reports copper grades of 4% to 7% from grab samples of rock taken during reconnaissance exploration of the Kirus and the Tsenken targets, adding to the high-grade copper recently reported from the Jempe target in the Company’s Lost Cities – Cutucu Project (“Project”) in Ecuador. Silver grades are also high, ranging from 20 to 79 grams per tonne (“g/t”) in these samples.
Aurania reports that ridge and spur soil sampling has identified extensive and coherent areas of elevated silver and other pathfinder elements at the Yawi target in its Lost Cities – Cutucu Project (the “Project”) in Ecuador. These pathfinder elements are typical of the upper parts of epithermal gold-silver systems in the region. This data delineates two roughly parallel areas of metal enrichment each approximately 600 metres long and open along trend.
Toronto, Ontario, October 9, 2018 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FRANKFURT: 20Q) (“Aurania” or the “Company”) reports that it has entered into a capital markets support agreement (the “Agreement”) with Noble Capital Markets Inc. (“Noble”), a Florida corporation. Noble is a FINRA- and SEC- registered broker dealer with knowledge and experience with respect to building corporate awareness to investors, capital markets transactions, long-range planning and capital markets structuring and other matters that may be significant to the future business and operations of the Company.
Aurania reports that significant copper mineralization has been discovered by two separate regional exploration teams in the Lost Cities – Cutucu Project in Ecuador. The discoveries are approximately 20 kilometres (14 miles) apart: the first target is called “Jempe” and the other, “Kirus.” The discoveries were made during exploration of two of the many magnetic targets identified from the geophysical survey conducted over the Project.
Aurania reports that an extension to its Crunchy Hill target has been confirmed in pathfinder element enrichment in soil over a one-kilometre trend. Pathfinder element enrichment outlines the shape of what appears to be an underlying vein system which, combined with other datasets, is being used to refine the form and depth of a possible epithermal gold-silver target.
Aurania announces it will be applying to the TSX Venture Exchange for approval to extend the expiry date of 1,069,909 outstanding common share purchase warrants that were issued in connection with a private placement conducted on April 20, 2017, as further described in the Company’s April 20 and May 29, 2017 news releases.
Aurania is pleased to announce that further to its news releases dated June 1, June 29 and July 12, 2018, the Corporation has completed the second and final tranche of its non-brokered offering of 2,219,400 units (“Units”) of the Company by way of a private placement at a price of C$2.00 per Unit for total gross proceeds of C$4,438,800 (the “Offering”). The Corporation issued an aggregate of 2,000,000 Units in the first tranche of the Offering for gross proceeds of C$4,000,000 and an additional 219,400 Units were issued in the second tranche of the Offering for gross proceeds of C$438,800.
