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 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 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.
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Aurania Resources Ltd.
36 Toronto St, Suite 1050
Phone: (416) 367-3200
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