Business
Aurania and Metron Find Lost City of Gold in Ecuador
Toronto, Ontario--(Newsfile Corp. - May 31, 2022) - Aurania Resources Ltd. (TSXV: ARU) (OTCBQ...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania and Metron Find Lost City of Gold in EcuadorToronto, Ontario--(Newsfile Corp. - May 31, 2022) - Aurania Resources Ltd. (TSXV: ARU) (OTCBQ: AUIAF) (FSE: 20Q) (\"Aurania\" of the \"Company\") is pleased to report that through a collaboration with Metron Incorporated (\"Metron\") of Reston, Virginia, USA, the \"lost city\" of Logroño de los Caballeros has been found in Ecuador. The site considered to be the ancient gold camp is not on Aurania's concession block, but is downstream, and is exclusively alluvial (placer) gold. No archaeology has been found. Aurania is now on the hunt to find Logroño's source of gold within its Lost Cities - Cutucu Project (\"Project\") in southeastern Ecuador. The location of Logroño, as inferred by Metron, is supported by a multitude of historical documents as well as geological information collected by Aurania and the increased presence of artisanal miners in the area. Logroño de los Caballeros was one of seven historic mining areas operating during the time of the Spanish conquistadors in the land that became Ecuador. Its geographic location and that of a second site, Sevilla del Oro, have been lost over time. Aurania's Project is partly based, and is named on the premise, that the two lost cities would be within Aurania's large concession package.Dr. Keith Barron, President and CEO of Aurania, commented, \"More than four hundred years have passed since Spanish activity at Logroño ceased, and even though many of the records have been lost, what survives is a compelling narrative of gold mining in what would have been one of the most remote and isolated areas on Earth. It is sad that my colleague and mentor, Professor Octavio Latorre, did not live to see the fruit of his many thousands of hours of labor in the archives. To date, we have found many epithermal gold-silver prospects on our concession package, and I believe that this key discovery can ultimately lead us to Logroño's gold source.\" Dr. Lawrence Stone, Chief Scientist of Metron, remarked, \"Metron is pleased to have helped find the historic gold city of Logroño de los Caballeros. The success of this effort is another example of the power of Bayesian search theory, which has been used to find sunken ships and aircraft as well as vessels and people missing at sea. Our success in integrating historic...