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: ARU) (“Aurania” or the “Company”) would like to provide an update on Company events during the PDAC 2018 International Convention commencing on March 4th including a change in time for Dr. Keith Barron’s presentation at Ecuador Day on Monday, March 5th. Aurania will be exhibiting […]
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.
Aurania to Attend Cambridgehouse Investment Conference – Vancouver
Aurania wishes to inform shareholders that members of the Board and Management will be attending the Cambridge House Vancouver Resource Investment Conference that starts on Sunday this weekend and runs through Monday (January 21 and 22, 2018). The Company’s Booth is No 208, and the Company’s President will be participating in the panel discussion on Gold in Ecuador from 2:20-2:40pm in Workshop Room 4 on Monday, January 22.
Aurania Clarifies Conference Call Details for Update on its Lost Cities – Cutucu Project, Ecuador
Aurania reports that further to the press release dated January 11th, 2018, the Company wishes to clarify the dial-in and registration process required for an update conference call being held today, January 16th, 2018 at 2:00pm ET. If you wish to participate in the call, you must pre-register in order to receive a personal User PIN Code.