Press Releases
VICE News Tonight Program on HBO Includes Coverage of Aurania’s Lost Cities – Cutucu Project
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 Defines Specific Epithermal Target “Crunchy Hill” within The Latorre Area
Aurania is pleased to report that the source of the “vuggy silica” blocks – a known indicator of epithermal gold-silver systems - has been found in the Latorre B area in the Lost Cities – Cutucu Project (the “Project”) in southeastern Ecuador. The target has been renamed “Crunchy Hill”. The Company is also pleased to report that further stream sediment sampling has approximately doubled the size of the Latorre A target.
Aurania Renews Full Concession Package in Ecuador and Enters into US$2 Million Convertible Debenture with Chairman
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 Finds First Evidence of Porphyry-style Alteration Related to a Geophysical Target in it’s Lost Cities – Cutucu Project, Ecuador
Aurania is pleased to report that field work confirms that the Awacha geophysical Target Cluster also has geological and geochemical features that are typical of porphyry systems. This finding is significant because it supports the contention that Aurania’s project area likely contains porphyry deposits similar to the copper and copper-gold deposits of the adjacent Cordillera del Condor.
Aurania Appoints Mr. Alfred Lenarciak to Advisory Committee
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.
Update on Aurania’s Events During PDAC 2018
Toronto, Ontario, March 2, 2018 – Aurania Resources Ltd. (TSXV:…
Aurania Expands Footprint of the Latorre Epithermal Target on The Lost Cities – Cutucu Project, Ecuador
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.
Aurania’s Team to Participate at PDAC 2018 International Convention
Aurania is pleased to announce that the Company will be exhibiting at booth number 2905 in the Investors Exchange at PDAC 2018 being held Sunday March 4th - Wednesday March 7th at the Metro Toronto Convention Centre in Toronto, Canada. Members of the Board and Management team will be available to discuss the Company's Lost Cities -Cutucu Project in Ecuador.
Aurania Raises $2.1 Million Through the Exercise of Warrants and Options
Aurania wishes to inform shareholders that thirty-two percent of the warrants issued in the May 2017 private placement have been exercised to date, resulting in approximately C$1.6 million net proceeds to the Company. If all warrants are exercised prior to their expiry, currently set in October 2018, total proceeds of approximately C$4.9 million would be raised.