Aurania Resources Ltd. Provides Update on Exploration of its Lost Cities – Cutucu Project in Ecuador
The heliborne geophysics program is over two-thirds complete and the program is expected to be concluded in late October. The program has been affected by unusually cloudy weather, and since the helicopter undertakes the survey at a ground clearance of only 60 metres, the survey must be conducted in near-perfect weather conditions. However, we remain on-budget. Data from the survey are being processed and analyzed by an independent consultant working directly for Aurania as well as by MPX Geophysics Ltd, the Canadian company that has been contracted to undertake the survey.