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Aurania Reports on Drilling at Tsenken N2 in Ecuador
Toronto, Ontario--(Newsfile Corp. - November 4, 2020) - Aurania Resources Ltd. (TSXV: ARU) (...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania Reports on Drilling at Tsenken N2 in EcuadorToronto, Ontario--(Newsfile Corp. - November 4, 2020) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") reports that scout drilling at the Tsenken N2 copper target in Ecuador intersected mineral alteration zoning typical of an iron oxide copper-gold (\"IOCG\") system. Management is very encouraged by the strength of the mineral alteration seen in the core of the first three holes drilled, with some sections of core showing almost wholescale replacement of the original rock by iron oxide (hematite). On completion of hole 3, core samples were sent to the assay laboratory so that their metal and pathfinder element concentrations can be determined and combined with mineral alteration data to vector towards the centre of the mineralized system. Aurania's Chairman & CEO, Dr. Keith Barron commented, \"Our target concept at Tsenken N2 was a porphyry related with a large magnetic feature evident in the geophysics. Drilling shows that the magnetic feature relates to intense magnetite alteration that is seen in most porphyries, but in Tsenken N2 it occurs with extensive hematite and other alteration minerals that are typical of IOCG systems. IOCGs are variable in size and shape - some are similar to porphyries (Figure 1) while others are vein-like (e.g. the Sossego copper-gold deposit in Brazil) or form flat-lying sheets (e.g. parts of the Candelaria copper deposit in Chile). Both Sossego and Candelaria are operating mines. IOCG systems are mined for their copper and gold in Brazil and in the Andes in Chile, where they occur with porphyries. Our aim in the Tsenken North area is to define the large-scale mineral zoning so that we can home in on the core of the system where any copper-gold would be concentrated.\"Dr. Keith Barron, continued, \"Aurania has already carried out substantial geochemical and geophysical surveying to define a large number of targets and the objective of \"scout drilling\" a limited number of holes per target is to achieve discovery in a minimal amount of time, knowing that an eventual full investigation of all the targets will take substantial time and resources. A Mobile Magnetotellurics survey (\"MobileMT\" or \"MMT\") will be undertaken shortly.\"The potential for Aurania's Lost Cities - Cutucu Project to host I...