Aurania finds first field evidence of Colonial Spanish activity at its Lost Cities Project in Ecuador
Conference call scheduled for tomorrow at 10:30am EST
(PresseBox) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (?Aurania? or the ?Company? - https://www.commodity-tv.com/play/aurania-resources-drill-goals-at-yawi-outlined/) is pleased to report that vestiges of an old road have been found in the central part of its Lost Cities ? Cutucu Project (?Project?) in southeastern Ecuador.
Aurania will be hosting a webcasted (audio-only) conference call on November 28th, 2019 at 10:30am Eastern Standard Time followed by a short question and answer period.
Aurania?s Chairman and CEO, Dr. Keith Barron commented, ?The historical record names the Treasurers of the ?Caja Reales? - the Royal Treasuries - in Sevilla and Logro
The remnants of the old road, which runs north-south along the axis of Aurania?s concession block, have been found in thick vegetation over a distance of 2.5 kilometres.grade where the ground rises or falls steeply and is straight in relatively flat areas.
Two rectangular blocks of dressed sandstone lie at a junction in the road.
Historic documents from the period in which the two gold mining areas at Sevilla de Oro and Logro
Next Steps
Follow-up of the initial discovery will be undertaken on several fronts as follows:
Field teams will continue to search north and south to try to find extensions of the road;
The location of the road will be fed back into the data that Metron is iteratively processing ? and the topography studied to estimate the route of the road that is likely to have followed relatively flat areas to have minimized stream crossings;
A LiDAR survey will be expedited over the area with sensors that are less sensitive to weather conditions and humidity. The lower resolution of the planned LiDAR survey should be sufficient to detect extensions to the road; and
Exploration will continue over strong indications of a mineralized system near the road. Those indications are focused on an extensive area of quartz-sericite-pyrite alteration, which is typically found over and adjacent to porphyry systems.
Conference Call Details
Date: Thursday, November 28, 2019
Time: 10:30am EST
Webcast URL: http://services.choruscall.ca/links/aurania20191128.html
When prompted, webcast participants enter: First Name, Last Name, Company, Email Address.
PARTICIPANT TELEPHONE NUMBERS
Canada/USA TF: 1-800-319-4610
Toronto Toll: +1-416-915-3239
UK & Europe TF: 0808-101-2791
Callers should dial in 5 ? 10 min prior to the scheduled start time and simply ask to join Aurania?s call.
Qualified Person
The technical information contained in this news release has been verified and approved by Jean-Paul Pallier, MSc.the Canadian Securities Administrators.
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
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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Datum: 28.11.2019 - 01:54 Uhr
Sprache: Deutsch
News-ID 1554304
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