Aurania Develops New Copper-Silver Exploration Concept

ID: 1549136
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(PresseBox) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (?Aurania? or the ?Company? - https://www.commodity-tv.net/c/search_adv/?v=298881) announces that the Company has reassessed the exploration model for the discovered copper-silver mineralization on the Lost Cities-Cutucu Project (?Project?) in Ecuador in light of new observations from the field.

The sedimentary-hosted copper-silver mineralization found to date by Aurania is regional in nature and stratigraphically confined to key horizons of carbon-bearing sediments that have been verified in outcrop to extend for a minimum of 22 km (open along strike) across the Project area.

Aurania?s Chairman and CEO, Dr. Keith Barron commented, ?In October of last year our geologists, tasked to carrying out rather routine stream sediment collection, started to bring an extraordinary array of copper-mineralized large boulders and slabs in from the jungle.owever, the copper minerals were hosted exclusively in well-bedded siltstone, mudstone, sandstone and shale, particularly in pieces showing abundant carbonaceous plant fragments, and not in porphyry.?

?Our geologists, together with our President, Dr. Richard Spencer, traced these boulders back to outcrops, over what is now a strike length of 22 km.d by KGHM in Poland.?

Exploration Concept

The general model for mineralization in the Kupferschiefer and the Central African Copperbelt of Zambia and the Democratic Republic of the Congo is that copper leached from the sedimentary basin remains in solution because of the oxidised state of the red sandstones (?red-beds?).tact with reduced sedimentary layers, such as carbon-bearing black shale or limestone, the copper precipitates.

The Jurassic basin in southeastern Ecuador has an additional positive component: magnetic data from the geophysics survey that Aurania flew over its Lost Cities ? Cutucu Project in southeastern Ecuador identified a number of magnetic centres that are interpreted as porphyries or porphyry clusters.s would be related to a late Jurassic island arc superimposed on the mid-Jurassic rift basin in which the red-beds accumulated.



To date, copper-silver mineralization has been found both in float boulders and in outcrop on the surface.

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 erformed in the area and the third dimension is unknown.le to SX-EW (solvent-extraction electrowinning) processing, without the need for production of a sulphide concentrate.

Epithermal gold-silver targets and search for the ?Lost Cities?

It is not the intention of the Company to abandon its original exploration ideas in favour of sedimentary copper and silver exploration.

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 anded 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 int



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Date: 05/17/2019 - 07:47
Language: English
News-ID 1549136
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