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Aurania Refines Its Newly Discovered Apai Gold-Silver Target in Southeastern Ecuador
Toronto, Ontario--(Newsfile Corp. - August 22, 2019) - Aurania Resources Ltd. (TSXV: ARU) (OT...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania Refines Its Newly Discovered Apai Gold-Silver Target in Southeastern EcuadorToronto, Ontario--(Newsfile Corp. - August 22, 2019) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") reports that further exploration has refined its Apai target for gold and silver in its Lost Cities - Cutucu Project (\"Project\") in southeastern Ecuador. Furthermore, Apai is suspected to be linked geologically to the copper target that SolGold PLC (\"SolGold\") has identified on its mineral concessions 10 kilometres (\"km\") to the south. Aurania's Chairman and CEO commented, \"We have now identified twenty epithermal systems in 50% of the area of the Lost Cities Cutucu Project that has been field-checked by our exploration team. We're excited that we're finding epithermals, that are prime gold and silver targets, aligned along fault corridors and potentially fed by porphyry systems, a relationship seen in clusters of deposits throughout the Pacific Rim. Our task is to use field characteristics and scout drilling to rank these targets for further focused exploration to create shareholder value.\"Apai TargetRecent field work has shown that the centre of the Apia target is marked by abundant sinter blocks over an area of at least 1.2km by 0.5km. Younger rocks partially cover the sinter, making it impossible to estimate its true size at present. Veins of opal and chalcedony that have been found in outcrop, and along with sinter, are common features of the top of epithermal systems. The highest arsenic values are found in a stream that drains the sinter, while the surrounding area that is 4.5 km long and 3km wide, contains elevated levels of this important pathfinder element for gold in epithermal systems. Naturally-occurring mercury has been identified over an area that is larger than the zone of arsenic enrichment, and encloses the opal and chalcedony veins as well as hydrothermal breccias (Figure 1). Streams in the Apai target area also contain elevated concentrations of silver and pathfinder elements including antimony, selenium and bismuth. Possible Link to Adjacent MineralizationDetailed interpretation of satellite imagery for Aurania by an independent consultant shows that the Apai epithermal target lies within the same fault system as the high-grade copper found in a breccia in SolGold's \"Ano...