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Aurania Resources Ltd. (ARU:CA)
Lessons Learned from Crunchy Hill
Aurania Resources Ltd. is a Canada-based junior mining exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset, The Lost Cities-Cutucu Project, is in southeastern Ecuador in the Province of Morona-Santiago. The company also has several minor projects in Switzerland.
- Crunchy Hill reveals evidence of an epithermal system. Based on final assay results and analysis, scout drilling at Crunchy Hill confirmed the presence of an epithermal system and intersected two zones that could contain gold at depth. The scout drilling program provided information on where Aurania may conduct later follow-up drilling to intersect the center of the system where gold zones may be present at a greater depth than initially expected.
- Scout drilling to commence at Yawi. Based on lessons learned from Crunchy Hill, where the core of the system is deeper than expected, management may conduct a focused geophysical program at Yawi prior to drilling. Three targets in...
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