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.
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the conquistador trail from the town of Riobamba to the town of Macas in southeastern Ecuador, as described in the historical documents found in the Vatican Library.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.
Aurania will host an update conference call on Monday, April 30, 2018 at 2:00pm Eastern Time to discuss the Company’s exploration program and results to date. If you wish to participate, please refer to the dial-in information below and provide the passcode ‘AURANIA’ when prompted by the operator.
Dial in number(s) North American Toll: 1-857-600-3024
North American Toll-Free (Toronto): 1-416-800-1066
Aurania reports that extensive coverage was given to the Company in a documentary entitled “Ecuador’s Lost Cities of Gold” on a news program called “VICE News Tonight” on the Home Box Office (“HBO”) channel which aired last night, April 11, 2018. A team from VICE News Tonight made a ten-day site visit to the Company’s Lost Cities – Cutucu Project area in Ecuador in March and spent time filming with our crews in the field. The field visit to Aurania’s project area was funded by HBO and VICE News. HBO informs us that a link to the online version of this program will be made available in approximately one week, at which time the Company will press release the link.
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.
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.
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.
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Aurania Resources Ltd.
36 Toronto St, Suite 1050
Phone: (416) 367-3200
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