COMPANY Data
Companies by Sector
More than 6000 listed
My FAVORITES
Movers and SHAKERS
Aurania Reports that Drilling at Tsenken N1 Provides Evidence of a Link with the Tiria-Shimpia Target

Aurania Reports that Drilling at Tsenken N1 Provides Evidence of a Link with the Tiria-Shimpia Target

 

Toronto, Ontario, July 21, 2021 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) reports that review of drill core shows that the fault system which links the Tsenken target with the Tiria-Shimpia target, moved periodically throughout the development of the sedimentary basin, providing a pumping mechanism for metal-bearing fluids that deposited sediment-hosted zinc-silver at Tiria-Shimpia and copper-silver at Tsenken.  Further scout drilling at Tsenken N1 is focusing on sediment-hosted copper-silver adjacent to this fault system that extends 45 kilometres from the copper area in the south to the zinc zone in the north in the central part of the Company’s Lost Cities – Cutucu Project (“Project”) in southeastern Ecuador.

Professor Gregor Borg, an expert on sediment-hosted copper systems, who has worked both in the Central African Copperbelt and the European Kupferschiefer, recently visited site to review the exploration programs and drill core from Tsenken and Tiria-Shimpia.

Professor Borg commented, “I have not seen many mineralized systems that extend 45 kilometres along a fault system as we see in the central part of Aurania’s Lost Cities Project.  The change from copper-centric in the Tsenken area to zinc-rich in the Tiria-Shimpia target is consistent metal zoning that is evident in the Kupferschiefer.  I came away from my second review of Aurania’s sedimentary copper exploration program as convinced as I was on my first visit that the red-bed basin is highly fertile and has very good potential for sediment-hosted copper. We optimized some of the concepts on the basis of the features that we saw in the drill core, and I have encouraged the exploration team to keep drilling.”

Five drill holes have been completed at Tsenken N1 and hole 6 is underway – the objective being to explore the same sedimentary layer in the Tsenken area that contains zinc-silver in the Tiria-Shimpia area as illustrated in Figure 1.

Figure 1.  Vertical profile illustrating the target concept for the current drill hole, TSN1-006.  The target is copper in the same sedimentary unit in the Tsenken area as contains zinc-silver in the Tiria-Shimpia area.  This target is brought to relatively shallow depth on a geological fault as illustrated in Figure 2.

Geological Detail of Tsenken N1 Drilling

Five drill holes, for a total of 2,184 metres (“m”), have been drilled in the Tsenken N1 target area and hole 6 is underway.  The sedimentary layers targeted in hole 6 have been elevated to within a few hundred metres of surface, as illustrated in Figure 2, by faults that are known to have provided pathways for the metal-bearing fluids.

Drill results received to date are not economically significant but do show a clear trend with contained copper increasing towards the east: drill hole TSN1-002 – the westernmost – having no copper, hole TSN1-001 having 0.23% over 1m and hole TSN1-003 – the easternmost – having two mineralized zones; the upper sedimentary layer with 1m at 0.47% copper and the lower with 0.15% copper over 2.6m.  Observations from the drill core show that the fault system was active at the time of accumulation of the red-beds in the Tsenken area and field mapping and satellite imagery show that this fault system extends into the Tiria-Shimpia area where it is linked with zinc-silver mineralization.

Holes TSN1-004 and TSN1-005 were collared further north, closer to Tiria-Shimpia and results will be reported when available.

Figure 2.  Vertical profile interpretation through the Tsenken N1 area showing the location of drill holes 1, 2 and 3 that tested for sediment-hosted copper-silver in red-beds beneath a lava seal.  Hole 6 is testing for expected sediment-hosted copper in a similar position in the sedimentary layering as the silver-zinc mineralization at Tiria-Shimpia is located.  The fault system shown in red is suspected to have fed copper into the sediments in a similar way that it did zinc-silver into the Tiria-Shimpia area.  (Evap. is evaporite (salt) and Int. is intrusive such as a porphyry).

Drilling at Tiria-Shimpia

A second drill rig has completed the first hole at Tiria-Shimpia and the second scout drilling hole is underway.

Sample Analysis & Quality Assurance / Quality Control (“QAQC”)

Laboratories: The samples were prepared for analysis at MS Analytical (“MSA”) in Cuenca, Ecuador, and the analyses were done in Vancouver, Canada.

Sample preparation: The rock samples were jaw-crushed to 10 mesh (crushed material passes through a mesh with apertures of 2 millimetres (“mm”)), from which a one-kilogram sub-sample was taken.  The sub-sample was crushed to a grain size of 0.075mm and a 200 gram (“g”) split was set aside for analysis.

Analytical procedure:  Approximately 0.25g of rock pulp underwent four-acid digestion and analysis for 48 elements by ICP-MS.  For the over-limit samples, those that had a grade of greater than 1% copper, zinc and lead, and 100g/t silver, 0.4 grams of pulp underwent digestion in four acids and the resulting liquid was diluted and analyzed by ICP-MS.

QAQC: Aurania personnel inserted a certified standard pulp sample, alternating with a field blank, at approximate 20 sample intervals in all sample batches. Aurania’s analysis of results from its independent QAQC samples showed the batches reported on above, lie within acceptable limits.  In addition, the labs reported that the analyses had passed their internal QAQC tests.

Qualified Person

The geological information contained in this news release has been verified and approved by Jean-Paul Pallier, MSc.  Mr. Pallier is a designated EurGeol by the European Federation of Geologists and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America.  Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at  https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir

VP Investor Relations

Aurania Resources Ltd.

(416) 367-3200

carolyn.muir@aurania.com

Dr. Richard Spencer

President

Aurania Resources Ltd.

(416) 367-3200

richard.spencer@aurania.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to Aurania’s objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, the effects of COVID-19 on the business of the Company including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains, and those risks set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.



NEWS Channel
No News
RESEARCH Reports
No News
ChannelCast VIDEOS
Company
Title
One Stop Systems Inc.
Virtual Road Show Replay
Cumulus Media Inc.
Presentation & C-Suite Interview
Engine Media Holdings Inc.
C-Suite Interview
Seanergy Maritime Holdings Corp
Virtual Road Show Replay
Digerati Technologies Inc
C-Suite Interview
Sierra Metals Inc.
Virtual Roadshow Replay
Spring Valley Acquisition Corp.
SPACtrac Virtual Road Show Replay
Entravision Communications Corporation
Fireside Chat Replay
DLH Holdings Corp.
Virtual Road Show Replay
Chakana Copper Corp - Ordinary Shares
Virtual Road Show Replay
Avivagen Inc
Virtual Road Show Replay
CoreCivic Inc.
Virtual Road Show Replay
Taal Distributed Information Technologies Inc
Virtual Road Show Replay
Lineage Cell Therapeutics, Inc.
C-Suite Interview
Townsquare Media Inc. Class A
C-Suite Interview
InPlay Oil
Virtual Road Show Replay
Aurania Resources
Virtual Road Show Replay
Acco Brands Corporation
Virtual Road Show Replay
Capstone Green Energy
Virtual Road Show Replay
Indonesia Energy Corp Ltd - Ordinary Shares
Virtual Road Show Replay
Comstock Mining Inc.
Virtual Road Show Replay
Stem Holdings Inc
Virtual Road Show Replay
Helius Medical Technologies Inc.
Virtual Road Show Replay
CoreCivic Inc.
C-Suite Interview
Great Bear Resources Ltd - New
Virtual Road Show Replay
InPlay Oil
C-Suite Interview
Sierra Metals Inc.
C-Suite Interview
Taal Distributed Information Technologies Inc
C-Suite Interview
Cocrystal Pharma Inc.
C-Suite Interview
Great Lakes Dredge & Dock Corporation
Virtual Roadshow Replay
Indonesia Energy Corp Ltd - Ordinary Shares
C-Suite Interview
Avivagen Inc
C-Suite Interview
Genprex Inc.
Virtual Roadshow Replay
FAT Brands Inc.
Virtual Roadshow Replay
Salem Media Group Inc.
C-Suite Interview
Helius Medical Technologies Inc.
C-Suite Interview
Great Bear Resources Ltd - New
C-Suite Interview
Medicine Man Technologies Inc
Virtual Roadshow Replay
Energy Services of America Corp.
Fireside Chat Replay
Genprex Inc.
C-Suite Interview
Stem Holdings Inc
C-Suite Interview
Ayala Pharmaceuticals Inc.
Virtual Roadshow Replay
PDS Biotechnology Corporation
C-Suite Interview
Chakana Copper Corp - Ordinary Shares
C-Suite Interview
Bassett Furniture Industries Incorporated
C-Suite Interview
eSports Entertainment Group Inc
C-Suite Interview
PDS Biotechnology Corporation
Virtual Roadshow Replay
Palladium One Mining Inc
Virtual Roadshow Replay
Golden Predator Mining Corp
C-Suite Interview
Energy Fuels Inc
C-Suite Interview
enCore Energy Corp
Virtual Roadshow Replay
Medicine Man Technologies Inc
C-Suite Interview
Ayala Pharmaceuticals Inc.
C-Suite Interview
Capstone Green Energy
Virtual Roadshow Replay
eSports Entertainment Group Inc
Virtual Roadshow Replay
Allegiant Gold Ltd
Virtual Roadshow Replay
enCore Energy Corp
C-Suite Interview
Palladium One Mining Inc
C-Suite Interview
Comstock Mining Inc.
C-Suite Interview
Capstone Green Energy
C-Suite Interview
Allegiant Gold Ltd
C-Suite Interview
1-800 FLOWERS.COM Inc.
Fireside Chat
Acco Brands Corporation
Virtual Road Show
Kelly Services Inc. Class A Common Stock
C-Suite Interview
FAT Brands Inc.
Virtual Road Show
Palladium One Mining Inc
Virtual Road Show
Ayala Pharmaceuticals Inc.
C-Suite Interview
Neovasc Inc.
Virtual Road Show
Aurania Resources
Virtual Road Show
Lineage Cell Therapeutics, Inc.
Virtual Road Show
InPlay Oil
Virtual Road Show
One Stop Systems Inc.
Virtual Road Show
Pangaea Logistics Solutions Ltd.
C-Suite Interview
Palladium One Mining Inc
C-Suite Interview
Genco Shipping & Trading Limited New (Marshall Islands)
C-Suite Interview
Kratos Defense & Security Solutions Inc.
C-Suite Interview
Lineage Cell Therapeutics, Inc.
C-Suite Interview
E.W. Scripps Company (The)
C-Suite Interview
Dyadic International Inc.
Virtual Road Show
PDS Biotechnology Corporation
Virtual Road Show
Comstock Mining Inc.
Virtual Road Show
Vectrus Inc.
C-Suite Interview
Energy Fuels Inc
Virtual Road Show
Gray Television Inc.
C-Suite Interview
Coeur Mining Inc.
C-Suite Interview
Gevo Inc.
Virtual Road Show
InPlay Oil
C-Suite Interview
Genprex Inc.
Virtual Road Show
Comstock Mining Inc.
C-Suite Interview
Eagle Bulk Shipping Inc.
C-Suite Interview
CoreCivic Inc.
Virtual Road Show
Entravision Communications Corporation
C-Suite Interview
Golden Predator Mining Corp
Virtual Road Show
PDS Biotechnology Corporation
C-Suite Interview
electroCore Inc.
C-Suite Interview
Energy Fuels Inc
C-Suite Interview
FAT Brands Inc.
C-Suite Interview
Acco Brands Corporation
C-Suite Interview
Newrange Gold Corp.
Virtual Road Show
CoreCivic Inc.
C-Suite Interview
Golden Predator Mining Corp
C-Suite Interview
Sierra Metals Inc.
Virtual Road Show
Genprex Inc.
C-Suite Interview
One Stop Systems Inc.
C-Suite Interview
DLH Holdings Corp.
Virtual Road Show
Seanergy Maritime Holdings Corp
C-Suite Interview
Great Lakes Dredge & Dock Corporation
Virtual Road Show
Indonesia Energy Corp Ltd - Ordinary Shares
Virtual Road Show
Neovasc Inc.
C-Suite Interview
Sierra Metals Inc.
C-Suite Interview
Aurania Resources
C-Suite Interview
Dyadic International Inc.
C-Suite Interview
Onconova Therapeutics Inc.
C-Suite Interview
Ely Gold Royalties Inc - Ordinary Shares
Virtual Road Show
Newrange Gold Corp.
C-Suite Interview
Energy Services of America Corp.
C-Suite Interview
Orion Group Holdings Inc. Common
C-Suite Interview
Indonesia Energy Corp Ltd - Ordinary Shares
C-Suite Interview
Great Lakes Dredge & Dock Corporation
C-Suite Interview
Gevo Inc.
C-Suite Interview
1-800 FLOWERS.COM Inc.
C-Suite Interview
Ely Gold Royalties Inc.
C-Suite Interview
Xenetic Biosciences Inc.
NobleCon16
Summit Wireless Technologies Inc.
NobleCon16
InPlay Oil Corp.
NobleCon16
OncoSec Medical Incorporated
NobleCon16
Pyxis Tankers Inc.
NobleCon16
Cornerstone Capital Resources Inc.
NobleCon16
Ballard Power Systems Inc.
NobleCon16
PDS Biotechnology Corporation
NobleCon16
Caladrius Biosciences Inc.
NobleCon16
Cocrystal Pharma Inc.
NobleCon16
Capstone Green Energy
NobleCon16
Energy Fuels Inc
NobleCon16
Avino Silver & Gold Mines Ltd. (Canada)
NobleCon16
Comtech Telecommunications Corp.
NobleCon16
Hoth Therapeutics Inc.
NobleCon16
Lineage Cell Therapeutics, Inc.
NobleCon16
Comstock Mining Inc.
NobleCon16
AgEagle Aerial Systems Inc.
NobleCon16
Lightwave Logic Inc
NobleCon16
Gray Television Inc.
NobleCon16
Pangaea Logistics Solutions Ltd.
NobleCon16
Gevo Inc.
NobleCon16
Tonix Pharmaceuticals Holding Corp.
NobleCon16
Sierra Metals Inc.
NobleCon16
Sernova Corp
NobleCon16
Empire Diversified Energy Inc
NobleCon16
Sundance Energy Inc. - Ordinary Shares
NobleCon16
Progressive Care Inc
NobleCon16
Exactus Inc
NobleCon16
Assure Holdings
NobleCon16
Abacus Health Products Inc.
NobleCon16
Orion Group Holdings Inc. Common
NobleCon16
Duos Technologies Group Inc
NobleCon16
Newrange Gold Corp.
NobleCon16
Ceapro Inc
NobleCon16
Tribune Publishing Company
NobleCon16
Tower One Wireless Corp
NobleCon16
Euroseas Ltd.
NobleCon16
Genprex Inc.
NobleCon16
ProMIS Neurosciences Inc.
NobleCon16
EuroDry Ltd.
NobleCon16
International Seaways Inc.
NobleCon16
Matinas Biopharma Holdings Inc.
NobleCon16
Educational Development Corporation
NobleCon16
electroCore Inc.
NobleCon16
Brainstorm Cell Therapeutics Inc.
NobleCon16
Eagle Bulk Shipping Inc.
NobleCon16
Ely Gold Royalties Inc.
NobleCon16
Freedom Holding Corp - Ordinary Shares
NobleCon16
Information Services Group Inc.
NobleCon16
Dyadic International Inc.
NobleCon16
Cardiff Oncology Inc.
NobleCon16
1-800 FLOWERS.COM Inc.
NobleCon16
Aeterna Zentaris Inc.
NobleCon16
Helix Biopharma Corp
NobleCon16
Applied Energetics Inc
NobleCon16
Endeavour Silver Corporation (Canada)
NobleCon16
Great Panther Mining Limited (Canada)
NobleCon16
Entravision Communications Corporation
NobleCon16
Acco Brands Corporation
NobleCon16
Salarius Pharmaceuticals
NobleCon16
Golden Valley Mines Ltd
NobleCon16
Exro Technologies Inc - Ordinary Shares
NobleCon16
Seanergy Maritime Holdings Corp
NobleCon16
Ocugen, Inc.
NobleCon16
Onconova Therapeutics Inc.
NobleCon16
Interpace Diagnostics Group Inc.
NobleCon16
Imagin Medical Inc
NobleCon16
Silver One Resources Inc.
NobleCon16
Indonesia Energy Corp Ltd - Ordinary Shares
NobleCon16
Citius Pharmaceuticals Inc.
NobleCon16
SPI Energy Co. Ltd.
NobleCon16
Salem Media Group Inc.
NobleCon16
Ely Gold Royalties Inc - Ordinary Shares
NobleCon16
Lumina Gold Corp.
NobleCon16
Qualstar Corporation
NobleCon16
SRAX
NobleCon16
Kelly Services Inc. Class A Common Stock
NobleCon16
Townsquare Media Inc. Class A
2019 Radio Show: Bill Wilson Opening
Enochian Biosciences Inc.
Introduction
QuoteMedia Inc.
NobleCon XV
Aurania Resources Ltd.
NobleConXV
Information Services Group Inc.
NobleConXV
Salem Media Group Inc.
NobleConXV
The KEYW Holding Corporation
NobleConXV
Townsquare Media Inc. Class A
NobleConXV
Tribune Publishing Company
NobleConXV
Actinium Pharmaceuticals Inc. (Delaware)
Actinium Pharmaceuticals at NobleConXV
Salem Media Group Inc.
Salem Media Group at NobleCon
Genie Energy Ltd. Class B Stock
NobleConXV
Pyxis Tankers Inc.
Pyxis Tankers Inc. at NobleConXV
Pangaea Logistics Solutions Ltd.
Pangaea Logistics Solutions Ltd. at NobleConXV
Seanergy Maritime Holdings Corp
Seanergy Maritime Holdings at NobleConXV
IEC Electronics
IEC Electronics at NobleConXV
Great Panther Mining Limited (Canada)
Great Panther Silver at NobleConXV
Great Lakes Dredge & Dock Corporation
Great Lakes Dredge & Dock Corporation at NobleConXV
Genco Shipping & Trading Limited New (Marshall Islands)
Genco Shipping & Trading Limited at NobleConXV
Endeavour Silver Corporation (Canada)
Endeavour Silver Corporation at NobleConXV
Sierra Metals Inc.
Sierra Metals Inc. at NobleConXV
Eagle Bulk Shipping Inc.
Eagle Bulk Shipping at NobleConXV
Brainstorm Cell Therapeutics Inc.
BrainStorm Cell Therapeutics at NobleConXV
Dyadic International Inc.
Dyadic International at NobleConXV
Torchlight Energy Resources Inc.
Torchlight Energy Resources, Inc. at NobleConXV
Comtech Telecommunications Corp.
Comtech Telecommunications Corp. at NobleConXV
Arcadia Biosciences Inc.
Arcadia Biosciences Inc at NobleConXV
electroCore Inc.
NobleConXV
Altimmune Inc.
Altimmune Inc at NobleConXV
Cardiff Oncology Inc.
TrovaGene Inc at NobleConXV
One Stop Systems Inc.
NobleConXV