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Aurania Reports High-Grade Drill Intercept of 12% Zinc & 61g/t Gallium
Toronto, Ontario--(Newsfile Corp. - December 8, 2021) - Aurania Resources Ltd. (TSXV: ARU) (O...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania Reports High-Grade Drill Intercept of 12% Zinc & 61g/t GalliumToronto, Ontario--(Newsfile Corp. - December 8, 2021) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") reports that drilling from hole 4 at Tiria-Shimpia returned a high-grade intercept of 12% zinc (approximately 273 pounds per metric tonne), 5 grams per tonne (\"g/t\") silver and 61g/t gallium over 2.0 metres. The drill intercept is from a 5.5-kilometre-long area of elevated metal values in soil - one of many such zones in the 22 kilometre-long, 3 kilometre wide, Tiria-Shimpia target area (Figure 1) in the central part of the Company's Lost Cities - Cutucu Project area (\"Project\") in southeastern Ecuador. Context and further details of these high-grade drill results are provided below.Other key developments on the Project include: Drilling started at hole 9 at Tsenken and is currently at a depth of approximately 350 metres (\"m\"). The hole is planned to run to a depth of approximately 500m. The target of hole TSN1-009 is copper-silver mineralization in evaporite mineral beds within the sedimentary layering. An access agreement has been signed at the Company's Awacha target and work has commenced. The goal of field work will be to refine the porphyry targets in the Awacha area. Professor Gregor Borg is preparing a summary of his findings following his recent visit to site, and we expect that a video summary will be available in the coming weeks for all to view. Results from Tiria-Shimpia Hole TS-004Drill hole SH-004 at Tiria-Shimpia intersected a grade of 12.4% (approximately 273 pounds per metric tonne) zinc, 5.4g/t silver, 61g/t gallium, and 9g/t indium over 2.0m at a down-hole depth of 52.0m. The mineralized interval lies within an 8.5m halo of 3% zinc. For context, the resource grade at Glencore's McArthur River Mine (formerly known as the HYC deposit), a large base metals deposit in Australia, is reported to be 237 million tonnes of 9.2% zinc, 4.1% lead and 41g/t silver, arranged in eight layers that are 1.0m to 5.0m thick. The McArthur River base metals deposit extends over an area of approximately 2 square kilometres (0.8 square miles).Despite the intercept being at a depth of approximately 37.0m vertically below surface, the sulphide minerals have been weathered, indicating that deeper drilling would be...