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Aurania Prepares Tsenken N1 Target for Scout Drilling
Toronto, Ontario--(Newsfile Corp. - December 10, 2020) - Aurania Resources Ltd. (TSXV: ARU) (...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania Prepares Tsenken N1 Target for Scout DrillingToronto, Ontario--(Newsfile Corp. - December 10, 2020) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") reports on its preparation for scout drilling at Tsenken N1 - the next on the list of targets to be drill-tested in its Lost Cities - Cutucu Project (the \"Project\") in southeastern Ecuador. The Tsenken N1 target lies in the Tsenken Central magnetic feature - and will be the second iron oxide copper-gold (\"IOCG\") system to be scout drilled. Dr. Keith Barron, Chairman and CEO of Aurania commented, \"While we are completing the scout drilling of the Tsenken N2 and N3 targets, we are setting up for drilling the next target on the list - Tsenken N1. Scout drilling at Tsenken N2 and N3 identified an IOCG system, the first recognized in Ecuador. We are applying this concept to our drilling of Tsenken N1, which we believe is part of a second IOCG system in this area. Thereafter, the plan is to drill a portion of the 15-kilometre-long silver-rich system at Tiria-Shimpia.\" \"We expect the Mobile MT geophysical data to complement the mineral vectors obtained from the scout drilling and to refine the targets for further exploration. The Mobile MT system has been installed in the helicopter and has been field-tested in preparation for its first operational flights scheduled to start before the end of the week.\" Soil sampling subsequent to the July 16, 2020 press release on the Tsenken N1 target has revealed a concentration of copper along trend of a copper-silver - mineralized diatreme breccia, as well as in an adjacent area measuring 500m by 200m (Figure 1). Scout drilling at Tsenken N2 and N3 identified an IOCG system that is strengthening to the north, away from the Tsenken Central magnetic feature where the Tsenken N1 target lies. The scout drilling at Tsenken N1 is designed to test the depth extent of a copper-silver - bearing breccia that is exposed at surface. Mobile MT geophysics will be undertaken shortly by MPX Geophysics of Ontario, with the aim of identifying sulphide-rich areas that typically lie in the core of IOCG systems. Figure 1. Distribution of copper-enrichment in soil on magnetic data (negative reduction to the equator, which is roughly equivalent to reduction to the pole (\"RTP) in the Tsenken N1 target and adjace...