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 Resources provides an update on its activities for the three-month period ended June 30, 2018. Details of the Company’s results are contained in the Financial Statements and Management’s Discussion and Analysis dated August 29, 2018 which are available on SEDAR at www.sedar.com and the Company’s website www.aurania.com.
Chairman & CEO, Dr. Keith Barron speaks to BTV- Business Television about the company’s large 208,000 hectare property in Ecuador and discusses the multiple targets (both gold and copper) being prepared for scout drilling later this year.
Aurania’s President Dr. Richard Spencer, discusses the company’s recent financing, exploration & drilling plans at its flagship project: The Lost Cities – Cutucu Project, local community involvement, and the Ecuadorian Government’s cooperation with the mining industry.
Aurania is pleased to announce that it intends to complete a non-brokered private placement financing of up to 2,000,000 units (the “Units”) at a price of $2.00 per Unit, for total gross proceeds of up to $4,000,000 (the “Offering”). Each Unit will consist of one common share of the Company (a “Common Share”) and one-half Common Share purchase warrant (a “Warrant”). Each whole Warrant entitles the holder to purchase one Common Share at an exercise price of $3.00 for a period of 18 months following closing of the Offering.
Aurania is pleased to report the discovery of a new epithermal zone some eight kilometres south of the “Crunchy Hill” area (See Press Release dated April 6, 2018). The new discovery, named “Yawi” means “thermal spring” or “area with hot water” in the local Shuar language.
Aurania announces that it has closed a US$2.0 million convertible debenture financing with Dr. Keith Barron, the Company’s Chairman, CEO and largest shareholder. The funds from the Debenture enable the Company to maintain the full 2,080 square kilometre (“km2”) concession package that constitutes the Lost Cities – Cutucu Project in Ecuador.
In this video episode, we follow the conquistador trail from the town of Riobamba to the town of Macas in southeastern Ecuador, as described in the historical documents found in the Vatican Library. The present day town of Macas is on the edge of Aurania’s Lost Cities – Cutucu project concession area.
In early 2018, Aurania Resources was approached by VICE News to film a short news segment focusing on gold exploration in Ecuador. VICE News sent their top team down to Ecuador in March to spend ten days in the field with Aurania’s management and exploration teams to capture the real story behind the search for The Lost Cities. The segment aired on HBO in mid-April 2018 and was posted to news.vice.com along with two bonus videos.
Aurania reports that reconnaissance exploration crews have found silica blocks indicative of an entirely new epithermal system, the “Charip” target, some 50 kilometres (30 miles) north of the Latorre area in its Lost Cities – Cutucu Project (the “Project”) in southeastern Ecuador. In addition, the Company has received soil geochemistry results that refine the Crunchy Hill target and move it a step closer to drill-testing.
Aurania Resources Ltd.
36 Toronto St, Suite 1050
Phone: (416) 367-3200
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