aurania adjusts operations in response to the covid-19 virus
(PresseBox) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (?Aurania? or the ?Company? -https://www.commodity-tv.com/play/aurania-resources-processing-lidar-results-and-preparing-geophysic-program-1/ ) reports that, in response to the COVID-19 pandemic, Aurania is extracting its personnel from the field in an effort to protect their health and that of the communities in which the Company works.
Situation in Ecuador
As of last night, March 17th, Ecuador had reported 111 cases and two deaths from the virus.
Last Sunday night (March 15th), Ecuador imposed an international travel ban.
Situation in the Field
Aurania has translated the advisory that Ecuador?s Ministry of Health has issued, into the Shuar language of the local people and is distributing the document to communities in the Cordillera de Cutucu, in which the Project is located.
Aurania is withdrawing its personnel from the Cordillera de Cutucu.
Our geologists will spend the next few weeks working through a backlog of geological information from the field. when we were forced by circumstances to curtail operations, and it will take very little to restart the process once we can.
The annual concession fee payments, which are due by March 31st, have been made for each of the 42 concessions in the Lost Cities ? Cutucu Project.
Situation in Toronto
As recommended by the national and provincial health authorities, Personnel in our Toronto office are working from home for the duration of this crisis so as to avoid potential exposure to the virus on public transit.well and healthy; there are no cases of COVID-19 in Aurania or in EcuaSolidus S.A., our Ecuadorian subsidiary, at this time.
About Aurania
Aurania is a 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-.
In Europe:
Swiss Resource Capital AG
www.resource-capital.ch
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains 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: 18.03.2020 - 08:04 Uhr
Sprache: Deutsch
News-ID 1556913
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