Aurania Expands The Tsenken Target In Ecuador With New High-Grade Copper - Silver Samples
Fifth Hole Being Drilled At Crunchy Hill
(PresseBox) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (?Aurania? or the ?Company? - http://www.commodity-tv.net/c/search_adv/?v=298400) reports the Tsenken target in the Lost Cities ? Cutucu Project (?Project?) in southeastern Ecuador has been enlarged by 6 kilometres (?km?); high-grade copper and silver has now been found over a 9km long trend.
Aurania?s President, Dr. Richard Spencer commented, ?Results from recent sampling have tripled the size of the Tsenken target to an impressive length of 9km.er phase of exploration.?
?In addition, scout drilling at Crunchy Hill is progressing well with four holes completed and the fifth is currently underway.
Copper-Silver Mineralization at Tsenken
Copper and silver found in the area north of the magnetic feature at Tsenken (Figure 1) is contained in relatively flat-lying layers of sandstone and shale.
Grades from boulders in streams range from 0.8% copper with 1.3g/t silver to 9.3% copper with 185g/t silver (Figure 1).anation for its size, raised in the Company?s January 10, 2019 press release, is that the Tsenken feature represents a cluster of porphyry bodies. Mineralization models will likely evolve with further exploration of the Project.
Sample Analysis & Quality Assurance / Quality Control (?QAQC?)
Some of the samples were prepared for analysis at ALS Global?s (?ALS?) lab in Quito, Ecuador and others at MS Analytical in Cuenca, Ecuador.
Aurania personnel inserted a certified standard pulp sample, alternating with a field blank, at intervals of approximately 20 samples in all sample batches.
ALS?s preparation lab in Quito sent the prepared samples to its analytical facility in Lima, Peru for analysis. 4 grams of pulp underwent digestion in four acids and the resulting liquid was diluted and analyzed by ICP-MS.
The ultra high-grade copper sample (sample Y003600) was re-assayed by MS Analytical, and the value reported in Figure 1 is the average of the two assays.
ALS and MS Analytical reported that the analyses had passed their internal QAQC tests.
Qualified Person
The technical information contained in this news release has been verified and approved by Jean-Paul Pallier, MSc.
About Aurania
Aurania is a junior mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper.
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 athttps://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.
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 and mine development plans, 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, 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.
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Datum: 03.04.2019 - 03:59 Uhr
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