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Aurania Finds High-Grade Copper-Silver at Tsenken Target in Ecuador
Toronto, Ontario--(Newsfile Corp. - July 16, 2020) - Aurania Resources Ltd. (TSXV: ARU) (OTCQ...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania Finds High-Grade Copper-Silver at Tsenken Target in EcuadorToronto, Ontario--(Newsfile Corp. - July 16, 2020) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") is pleased to report that grades of up to 7% copper with 55 grams per tonne (\"g/t\") silver have been found in the Tsenken N1 target area in its Lost Cities - Cutucu Project (\"Project\") in southeastern Ecuador. Dr. Keith Barron, Chairman and CEO of Aurania commented, \"We're delighted to have found high-grade copper-silver at Tsenken N1 in what appears to be a very large breccia body. This represents a relatively simple target that is likely cylindrical in shape - and this will be readied for scout drilling using an ultra-lightweight rig as soon as possible behind the drilling that is planned for the Tsenken N2 and N3 targets. We are seeing a common theme in this area: we have copper-silver in breccia, sedimentary-hosted mineralization, and also in intrusive rocks. The combination of copper with silver without significant enrichment of other metals is unusual - and hence we believe that all three \"types\" of mineralization are likely linked. We expect to provide further updates on the Tsenken targets as our understanding of the mineralization evolves.\" The next steps at the Tsenken target area are more detailed mapping and sampling, soil sampling, and a heliborne Mobile MT geophysical survey is being considered to provide more detail on the possible shape of the mineralized breccia and to further investigate the rest of the 5km wide Tsenken magnetic feature. The intention is to ready the target for scout drilling with an ultra-lightweight drill rig. Drilling is expected to commence at Tsenken targets N2 and N3 prior to the end of Q3, and the N1 target to be drilled immediately thereafter. Details of the Copper-Silver at Tsenken N1The high-grade copper-silver has been found in boulders protruding from beneath the jungle floor over an area of 500 metres (\"m\") by 400m on the northern margin of the large magnetic feature at Tsenken - and this target is termed Tsenken N1 (Figure 1). The host rock is \"breccia\" - a rock that consists of rock fragments within a fine-grained matrix. Importantly, the matrix of the breccia is mineralized, not just the fragments, and hence the whole breccia body is a target for copper-sil...