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Aurania Provides Update on Drilling as Mobile MT Geophysical Survey Identifies Probable Centre of Tsenken North System
Toronto, Ontario--(Newsfile Corp. - January 20, 2021) - Aurania Resources Ltd. (TSXV: ARU) (O...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania Provides Update on Drilling as Mobile MT Geophysical Survey Identifies Probable Centre of Tsenken North SystemToronto, Ontario--(Newsfile Corp. - January 20, 2021) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") reports that though significant copper mineralization was intersected in the last three boreholes drilled on the Tsenken N2 and N3 targets, no economic grades were encountered. Copper and pathfinder elements increase in grade from Tsenken N2, through N3, towards the northeast, corroborating the vector determined from geological studies of the drill core. Data from the on-going Mobile MT (\"MMT\") geophysical survey have now identified the likely centre of the Tsenken North system located along-trend of the vector, approximately 1.5 kilometres (\"km\") to the north of the area in which holes TS-001 to TS-006 were drilled (Figure 1). The Tsenken North target area is located in Aurania's Lost Cities - Cutucu Project (\"Project\") in southeastern Ecuador.Aurania's Chairman & CEO Dr. Keith Barron commented, \"We're delighted that the MMT survey has identified the location of the possible core of the IOCG system related to the area that we were drilling at Tsenken N2 and N3. Without that scout drilling, we are unlikely to have recognized the relevance of the electrically conductive zone along trend of the vectors that we established in the Tsenken North area. The original plan was to drill the Tsenken N1 target next, and we're sticking to that plan. In parallel, we are fully integrating the new geophysical data from the MMT survey with our other exploration data to refine the target to the north of Tsenken N2/N3. Drilling is scheduled to start shortly at Tsenken N1.\" Details of the Drilling at Tsenken N2/N3A total of 1,891 metres (\"m\") were drilled in the Tsenken N2 and N3 targets. The last hole, TS-006, reached a depth of 522m.Copper and pathfinder elements increase in grade from Tsenken N2, through Tsenken N3, towards the northeast, confirming the vector determined from alteration minerals observed in the drill core. In addition, results from the ongoing MMT geophysical survey identified two closely - spaced conductive features that are likely to be the sulphide-rich centres of the target area, which lies approximately 1.5 kilometres (\"km\") to the north of the ...