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Aurania Provides Update on Drilling at Tsenken and Tiria-Shimpia Targets
Toronto, Ontario--(Newsfile Corp. - August 19, 2021) - Aurania Resources Ltd. (TSXV: ARU) (OT...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania Provides Update on Drilling at Tsenken and Tiria-Shimpia TargetsToronto, Ontario--(Newsfile Corp. - August 19, 2021) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (\"Aurania\" or the \"Company\") reports that drilling at the Tsenken N1 target has intersected sediment-hosted copper mineralization visible over approximately 2 metres (\"m\") and has also intersected salt, a key element of sediment-hosted copper mineralized systems. Scout drilling continues for sediment-hosted copper at Tsenken N1 and for silver-zinc at Tiria-Shimpia in the Company's Lost Cities - Cutucu Project (\"Project\") in southeastern Ecuador. Aurania's Chairman and CEO, Dr. Keith Barron commented, \"We recognized early on that the copper-silver within the Project is of Kupferschiefer style, and this was confirmed by Professor Gregor Borg, an international expert on the subject. Essentially, what we have are multiple levels of sandstone with organic plant material which is now carbon in the Jurassic-aged Chapiza Formation. This geological formation is mostly comprised of \"red bed\" sediments and is analogous to the Rotliegendes (in German \"underlying red\") found beneath the Kupferschiefer in Poland and Germany. The carbon in the Chapiza has acted as a chemical reductant, causing the dissolved copper to fall out of solution where oxidized, copper-charged groundwaters come in contact with the carbon. At this point we still do not know the grade and thickness of these copper and silver mineralized carbon beds, nor how many individual stacked beds occur on our concessions. We do know through mapping that we are dealing with multiple beds. A presentation of key concepts will be made available shortly on Aurania's website at www.aurania.com.\" Tsenken N1Drill hole TSN1-007, which is still underway, intersected approximately 2m of bleached sandstone, composed of volcanic fragments, that contains disseminated copper mineralization in the form of green malachite (Cu2CO3(OH)2) and black tenorite (CuO). The volcanic sandstone contains carbonized plant fragments similar to the mineralized sandstone found at surface. The mineralized interval has been sampled and the samples have been delivered to the lab in Cuenca in central Ecuador for preparation before despatch to Vancouver for analysis. The intercept is at 157m down-hole and approxima...