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Aurania Reports High-Grade Silver-Zinc from Outcrop at Tiria-Shimpia
Toronto, Ontario--(Newsfile Corp. - April 12, 2021) - Aurania Resources Ltd. (TSXV: ARU) (OTC...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania Reports High-Grade Silver-Zinc from Outcrop at Tiria-ShimpiaToronto, Ontario--(Newsfile Corp. - April 12, 2021) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") reports on its first channel rock-chip sampling from the Tiria-Shimpia silver-zinc zone - a target that is over 15 kilometres (\"km\") in length, in the central part of the Company's Lost Cities - Cutucu Project (\"Project\") in southeastern Ecuador. Seven mineralized layers have been identified, one of which is 50 metres (\"m\") thick. So far, the layers have been traced laterally, through intermittent exposures in thick jungle, for between 500m and 1,100m. As can be appreciated, with mineralization of this magnitude it will be some time before the full surface extent is truly known and sampled, however the Company is already making plans to diamond drill several key exposures in the near term. Aurania's Chairman & CEO, Dr. Keith Barron commented, \"Shareholders will be aware that we have been working on Tiria-Shimpia for some time now. Earliest indications were that we could be dealing with a simple vein system of limited mineral volume. We are now very much aware that we are dealing with a different beast: we have traced it along trend for over 15 kilometres, and we're starting to demonstrate continuity between one exposure and the next, Tiria-Shimpia is shaping up to be Aurania's first discovery. While this target is evolving, we are running our concurrent drill programs at Tsenken N1 and Kuri-Yawi, both of which give us exposure to making additional discoveries. The Tiria-Shimpia target now extends across almost the entire width of our concession block as illustrated in Figure 1. Our regional exploration teams are finding further extensions to the mineralized system, and our expectation is that it will grow further.\" Additional soil sampling has expanded the area in which silver and zinc have been found in the Tiria-Shimpia target area by approximately 120% since soil results were last reported in the press release dated February 8, 2021. Figure 1. Plan view of Tiria-Shimpia target area showing its central location in the Lost Cities – Cutucu concession area. Footprint of silver in soil shown.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/2477/80095_8263e3...