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Aurania Identifies New Epithermal Gold-Silver Target in Ecuador
Toronto, Ontario--(Newsfile Corp. - August 25, 2021) - Aurania Resources Ltd. (TSXV: ARU) (OT...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania Identifies New Epithermal Gold-Silver Target in EcuadorToronto, Ontario--(Newsfile Corp. - August 25, 2021) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") reports that a new epithermal target with associated gold enrichment in soil over an area of 0.67 square kilometres, has been identified near the Kuri-Yawi target in the Company's Lost Cities - Cutucu Project area (\"Project\") in southeastern Ecuador. Sinter blocks and outcrops were found in an area approximately 1 kilometre long at Latorre C target (see Press Release dated February 28, 2018) situated immediately north of the Kuri-Yawi targets. Soil sampling returned gold values up to 0.56 grams per tonne (\"g/t\") in close proximity to the Latorre C sinters. MobileMT geophysical data show that a conductive area is located beneath the sinter area - the conductive area could be due to sulphides in an epithermal system.Aurania's Chairman & CEO, Dr. Keith Barron commented, \"Our epithermal exploration team has identified a new target while the other teams have been driving our drilling programs in the Tsenken and Tiria-Shimpia areas. The enrichment of gold in soil is up to 0.56 g/t, which is of considerable significance in soil. The target therefore is epithermal gold below the sinter - which would have been a Yellowstone-like silica platform around geyser systems at the time of gold deposition approximately 170 million years ago. We believe that this Latorre C target forms part of the same epithermal system as Kuri-Yawi where other relicts of sinter terraces have been found.\" Reconstruction of Sinter Platforms at Latorre CIn exploration for epithermal gold-silver in an area dominated by silica terraces, and where the target mineralization is \"blind\" and covered, the goal is to find the actual geyser conduit where boiling water or steam would have escaped to the surface. This is the plumbing system which would have transitioned downward to open fractures, which over time would be filled in by minerals to form veins. The hottest part of the system, where the vent is located, is too hostile environment for life, other than bacteria, to thrive. The hot water that is ejected can travel considerable distances downslope away from the vent, supporting more diverse life-forms and depositing silica as it cools. Silica-encrus...