Further Exploration Defines Additional Gold-Silver Targets at Aurania''s Lost Cities Project

Indication of Large Mineralized System

ID: 1552007
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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=299154 ) reports that follow-up exploration is defining additional, extensive epithermal targets for gold and silver at the Tiria target area on the flanks of a 15 kilometre (?km?) trend of silver-zinc-lead mineralization at its Lost Cities ? Cutucu Project (?Project?) in Ecuador.viding strong indications of a large mineralized system.

Aurania?s Chairman and CEO, Dr. Keith Barron, commented, ?We continue to build our portfolio of epithermal targets, which currently sits at 20 targets, in our search for the next Fruta del Norte. target area and I believe that we are likely to be in a position to joint venture the silver-zinc-lead target shortly.?

Tiria Targets

Four separate target areas have been identified through the presence of blocks of various types of silica that exhibit characteristics of epithermal systems, such as chalcedony veins and hydrothermal breccia.

Shimpia Target

High-grade silver (up to 325 grams per tonne (?g/t?)) with high-grade zinc and lead were reported in Aurania?s first press release on the Shimpia target on November 29, 2018.

Regional Context

The current exploration concept is that the conspicuous magnetic zone at Jempe, interpreted as a buried porphyry with copper potential, is genetically related to the silver-zinc-lead zone at Shimpia, that then evolves outward and upward into the Tiria epithermal targets for gold and silver.

Next Steps

Further exploration will focus on the corridors of enrichment of pathfinder elements and silver in the epithermal target areas with the aim of advancing them toward scout drilling. The silver-zinc-lead mineralization is not core to Aurania and is likely to be made available to interested parties for joint venture.



Update on Drilling at Yawi

The water-use permit has been obtained for the scout drilling at Yawi and final preparations are underway for the program which is expected to commence on the first of four targets later in September.

Sample Analysis & Quality Assurance / Quality Control (?QAQC?)

Laboratories: The samples were prepared for analysis at ALS Global?s (?ALS?) lab in Quito, or at MS Analytical (?MSA?) in Cuenca, Ecuador.

Sample preparation: Soil samples consisted of approximately one kilogram of clay from the iron-rich ?B? horizon at each sample point. The soil samples were dried and subsequently screened through 80 mesh (using screens with apertures of approximately 0.18 millimetres).rized to 85% passing 0.075mm and was packaged for shipment to the analytical facility.

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.

Analytical procedure:

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.

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-.

For further information, please contact:

Carolyn Muir

Manager ? Investor Services

Aurania Resources Ltd.

(416) 367-3200

carolyn.muir(at)aurania.com

Dr. Richard Spencer

President

Aurania Resources Ltd.

(416) 367-3200

richard.spencer(at)aurania.com

In Europe:

Swiss Resource Capital AG

Jochen Staiger

info(at)resource-capital.ch

www.resource-capital.ch

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 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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Date: 09/09/2019 - 09:29
Language: English
News-ID 1552007
Character count: 4263
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