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Aurania Discovers a Significant Epithermal System at Its Tatasham Target in Ecuador
Toronto, Ontario--(Newsfile Corp. - March 1, 2023) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: ...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania Discovers a Significant Epithermal System at Its Tatasham Target in EcuadorToronto, Ontario--(Newsfile Corp. - March 1, 2023) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") reports that preliminary results from the drill holes and surface prospecting at the Company's Tatasham target in southeastern Ecuador indicate the discovery of a large, important epithermal system with similarities to the Fruta del Norte gold deposit located 100 kilometres to the south. All three holes drilled to date at Tatasham have intersected an important hydrothermal system with breccias, strong silicification, and high temperature illite-clay alteration, however no economic precious metal intersections have been encountered as yet. The upper part of the system is interpreted as a sinter paleosurface.President and CEO, Dr. Keith Barron, commented, \"It is very early in the story of Tatasham, but it is showing all the hallmarks of a large and vigorous hydrothermal system. We have discovered silica sinter over 2.7 km strike length, at the surface and in drill core. As well, zones of oxidized hydrothermal breccia were intersected below the sinter, similar in character to those found at Fruta del Norte. One thing that is apparent from the drilling is that the sinter horizon steepens downhole such that the bedding ends up aligned with the core axis. What this tells us is that the horizon is substantially tilted as you go to depth, as it would be in a pull-apart setting. You can think of it as a steep-sided valley opening up along a structure and the horizontally bedded rocks gradually tilting into the chasm as it widens. This is exactly the geological setting that revealed itself at Fruta del Norte. I consider the parallels between Tatasham and Fruta del Norte so far to be very compelling.\" Representative samples of drill core will be available for viewing at our booth in the Investors Exchange (booth #2948) at the Prospector's and Developer's Convention in Toronto, March 5th-8th.The discovery of an epithermal system at Tatasham was unexpected, in our pursuit of a copper porphyry target indicated by geophysics. That porphyry target is still valid, but it may lie at considerable depth, or it may lie laterally. Our recent diamond drilling campaign was designed for a porphyry target and is too widely spa...