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Aurania Outlines Drill Targets at Yawi

Toronto, Ontario--(Newsfile Corp. - August 15, 2019) - Aurania Resources Ltd. (TSXV: ARU) (OT...

articleAurania Resources Ltd.August 15, 20194/company/aurania-resources-ltd/news/aurania-outlines-drill-targets-at-yawi
Aurania Outlines Drill Targets at Yawi

About this update from Aurania Resources Ltd.

[{"type":"text","content":"Aurania Outlines Drill Targets at YawiUpdate on Planned Drill ProgramToronto, Ontario--(Newsfile Corp. - August 15, 2019) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") provides details of Yawi, where four of its 17 current gold-silver targets are located in its Lost Cities - Cutucu Project (\"Project\") in southeastern Ecuador. Scout drilling is expected to commence on the first of the Yawi targets in mid-September.Yawi targetsThe targets at Yawi lie within an area measuring approximately 4 kilometres (\"km\") by 4km in the southern part of the Project. A paved road provides access to within 1km of the first target area to be scout drilled, while the furthest target would require moving the man-portable rig up to 4km from the road. Soil sampling has identified four targets that contain elevated levels of silver and other \"pathfinders\" - elements that typically occur in epithermal gold-silver systems. Metal and pathfinder elements are concentrated in elongate zones 1km - 2km long and 100 metres (\"m\") - 200m wide (Figure 1) that contain banded chalcedonic quartz veinlets that represent the upper fringes of vein systems. Target A shows evidence of gold enrichment within its silver and pathfinder element footprint (Figure 2).Fossil geyser systemSuccessful targeting depends on a clear understanding of which part of the epithermal system is exposed by today's erosion level. Once the extent of erosion has been established, the gold-mineralized zone, which is usually confined to a specific elevation range beneath the position of the original land surface as it existed at the time of mineralization, can be targeted. At Yawi, blocks of sinter (Figure 3) - where the original epithermal system reached surface as geysers and silica terraces like those in Yellowstone National Park - show where the top of the system was at the time of mineralization. Our drilling will aim to intersect the vein system represented by the metal-enriched corridors at an elevation several hundred metres beneath the altitude of the sinters at Yawi.Similarities to the Fruta del Norte epithermal systemOne of the peculiarities of targets A and D at Yawi (Figure 2) is that the metal and pathfinder enrichment in soil lies at elevations above the sinter. However, this unusual situation was also evident at the Fruta del...

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