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Aurania Reports High-Grade Copper-Silver at Another Target in Ecuador
Toronto, Ontario--(Newsfile Corp. - July 21, 2020) -  Aurania Resources Ltd. (TSXV: ARU)...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania Reports High-Grade Copper-Silver at Another Target in EcuadorToronto, Ontario--(Newsfile Corp. - July 21, 2020) -  Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") is pleased to report that grades of up to 10% copper with 131 grams per tonne (\"g/t\") silver have been found in a breccia in the Tsenken A target area in its Lost Cities - Cutucu Project (\"Project\") in southeastern Ecuador. Tsenken A is located approximately 2 kilometres from the Tsenken N1 target reported on last week (Figure 1 and see press release dated July 16, 2020). These latest results provide key information about sedimentary-hosted copper-silver at the Tsenken A target. Dr. Keith Barron, Chairman and CEO of Aurania commented, \"As has been previously discussed by sedimentary copper expert Professor Gregor Borg, sedimentary hosted copper-silver has not previously been found in close proximity to porphyries in any of the recognized copper camps internationally. Our Project is clearly something different and potentially important, but the relationship to porphyry and the geometry will ultimately be determined by drilling, which we intend to initiate in the 3rd quarter of this year. Sedimentary-hosted copper-silver has been found regionally within the Aurania concessions over an extent of 23 kilometres and is almost always associated with carbon-bearing shales and sandstones full of plant fossils. It is conceivable that steeply-dipping faults were conduits for metal-bearing fluids coming from depth. In many geological scenarios the thickest and highest-grade portions of systems are areas of greatest focussed fluid flow, and these are potentially attractive targets in a broader regional context.\" To view the previously released video with Professor Gregor Borg, click on the following link: http://aurania.com/the-opportunity-a-copper-experts-opinion-2/ Fault-related Mineralization at Tsenken AA rock-chip sample from a fault breccia outcrop assayed 10% copper with 131g/t silver. High-grade copper-silver has been found in blocks in streams and in outcrop over a large area in the Tsenken A target area. Results have been reported in press releases dated January 10, 2019 and April 2, 2019, with additional assays shown in Figure 1. Mineralization occurs in bleached layers in the red sandstone host rock, and i...