Evidence of ancient infrastructure emerges near one of Aurania''s key targets in Ecuador
(PresseBox) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (?Aurania? or the ?Company? - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/) reports on evidence of ancient roads and peculiar landforms that may be old prospecting or mine sites in the vicinity of the Tiria-Shimpia silver-zinc-lead target area at the Company?s Lost Cities ? Cutucu Project (the ?Project?) in southeastern Ecuador.
Further investigation of the jungle-covered road reported to be visible in LiDAR imagery in the press release of May 8, 2020, supports the concept that it is indeed an engineered structure.-zinc-lead mineralization has been discovered by Aurania.
The ridge crest along which the western road lies, is an area where the soil is enriched in silver, lead, zinc and epithermal pathfinder elements such as antimony.
Aurania?s Chairman & CEO, Dr. Keith Barron commented, ?We?ve been intrigued by the accumulation of evidence that Tiria-Shimpia may have been investigated for silver by the Colonial Spanish.
As noted in the Company?s press release dated February 5, 2020, Dr. Jeffrey Hedenquist, a consultant with global experience and expertise in epithermal and porphyry systems, visited the Project a year ago and was impressed by the systematic arrangement of the epithermal pathfinder elements around the elongate central, carbonate-hosted area that contains silver-zinc-lead at Tiria-Shimpia.fore closer to the gold-bearing zone of a typical epithermal system, than at the Company?s Crunchy Hill and Yawi epithermal gold-silver targets.
Next Steps
The Tiria-Shimpia area is so large, 15 kilometres (?km?) by 5km in extent, that different components of exploration are being done concurrently in various parts of the target as follows:
Mobile MT geophysics is being flown over the northern part of the target area and, if the results indicate a response associated with the mineralization seen in outcrop, consideration will be given to extending the geophysics over the whole 15km long trend.
Areas in which silver mineralization has been found in outcrop over a significant thickness, are being prepared for scout drilling.
Other parts of the system are being mapped in detail in preparation for scout drilling.
Soil is being sampled in regular grids to better define specific targets for further work prior to scout drilling.
Government Reporting
Field work by a registered archeologist is required to confirm that the features are man-made.
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 mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America.
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-.
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, 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, the effects of COVID-19 on the business of the Company including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains, 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: 15.12.2020 - 09:06 Uhr
Sprache: Deutsch
News-ID 1563152
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