Official press releases from Aurania Resources
Aurania reports the Tsenken target in the Lost Cities – Cutucu Project in southeastern Ecuador has been enlarged by 6 km; high-grade copper and silver has now been found over a 9km long trend.
Aurania is pleased to announce that it has completed its previously announced Rights Offering. The Rights Offering raised $5,254,666.69 in gross proceeds.
Aurania is pleased to announce that it will be attending the PDAC 2019 International Convention being held March 3rd – March 6th at the Metro Toronto Convention Centre (MTCC) in Toronto, Canada. A list of events in which the Company will be participating in, is listed below. The Company is also pleased to provide an update on its initial scout drilling program in southeastern Ecuador.
Aurania Resources is pleased to announce that it will be undertaking a rights offering to raise up to $6.35 million.
The Company is offering rights to purchase common shares to eligible shareholders of record, at the close of business on the record date of February 4, 2019, on the basis of one right for each common share held.
Aurania reports up to 9% copper with 185 grams per tonne (“g/t”) silver – from grab samples of rock in streams draining a doughnut-shaped magnetic feature identified as the “Tsenken-A” porphyry target in magnetic data from the Lost Cities – Cutucu Project (“Project”) in southeastern Ecuador.
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.