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Aurania Provides Update on Epithermal Gold-Silver Exploration
Toronto, Ontario--(Newsfile Corp. - July 31, 2019) - Aurania Resources Ltd. (TSXV: ARU) (OTCQ...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania Provides Update on Epithermal Gold-Silver ExplorationConference call to be held today at 12:00pm EDTToronto, Ontario--(Newsfile Corp. - July 31, 2019) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") announces that the stream sediment sampling program that has now been completed over 50% of the Lost Cities - Cutucu Project (\"Project\") in southeastern Ecuador, has identified a total of 17 \"epithermal\" targets for gold and silver (Figure 1). The latest addition to the target list is \"Apai\", an epithermal target located near the southern boundary of the Project. Apai TargetThe Apai target comprises several networks of streams that contain elevated concentrations of pathfinder elements - naturally-occurring arsenic and antimony, among others - that typically occur in haloes that enclose epithermal gold-silver systems. Streams in the Apai target area also contain elevated concentrations of silver (Figure 2). Follow-up field work has identified sinter - the equivalent of modern-day geyser systems that mark the position old land surface at the time that the epithermal system was formed. Sinters, together with areas of porous quartz, are important markers for the development of the exploration model for the Apai target. Conference Call DetailsAurania will be hosting a webcasted conference call later today to provide an update on exploration. Callers should dial in 5 - 10 min prior to the scheduled start time and ask to join Aurania's conference call. Details are as follows:Date: Wednesday, July 31, 2019Time: 12:00pm EDT (9:00am Pacific time)Webcast URL: http://services.choruscall.ca/links/aurania20190731.htmlWhen prompted, webcast participants enter: First Name, Last Name, Company, Email Address.PARTICIPANT TELEPHONE NUMBERSCanada/USA Toll Free: 1-800-319-4610Toronto Toll: +1-416-915-3239UK & Europe Toll Free: 0808-101-2791Update on Drill PlanningThe first mineral exploration drilling undertaken in the Project area was recently completed at the Crunchy Hill target (see press release dated June 13, 2019). Features of the epithermal system revealed by that drilling, which suggest that the gold-bearing zone lies at a greater depth below the original land surface than expected, have been incorporated into our drill planning for the Yawi target area. Current indications are tha...