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Aurania Reports on Key Components of Its New NI 43-101 Technical Report
Toronto, Ontario--(Newsfile Corp. - February 10, 2020) - Aurania Resources Ltd. (TSXV: ARU) (...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania Reports on Key Components of Its New NI 43-101 Technical ReportConference Call Scheduled for February 12th at 10:00 a.m. ESTToronto, Ontario--(Newsfile Corp. - February 10, 2020) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") reports that it has filed a National Instrument 43-101 (\"NI 43-101\") technical report dated February 4, 2020 entitled, \"A Technical Review of the Lost Cities - Cutucu Exploration Project, Morona-Santiago Province, Ecuador.\" The report is available under the Company's profile on SEDAR www.sedar.com and on the Company's website www.aurania.com/projects/technical-reports/. Aurania will host a conference call on February 12, 2020, at 10:00am EST to discuss the recommendations of the NI 43-101 and other recent developments in the Company. Dial-in details for the conference call are listed below.Recommendations from the NI 43-101 ReportThe author of the NI 43-101, Dr. Robert Page, P.Geo., of independent consulting firm Watts, Griffis and McOuat Limited, has concluded that Aurania's proposed 2020 exploration program, outlined below, is appropriate for the Project. The main components are:Complete the reconnaissance stream sediment sampling as the primary field tool to identify additional targets, the priority being to find potentially outcropping gold-bearing systems;Follow-up the geophysical targets identified by Independent Senior Geophysical Consultant, Jeremy S. Brett, who was involved throughout the Company's heliborne geophysical survey from planning, daily review of the data as it was acquired in the field, to interpretation. He identified 64 individual targets, 31 of which were categorized as high priority for follow-up; Continue scout drilling the highest ranked of the 20 epithermal gold-silver targets within the extensive epithermal alteration systems at Latorre (where Crunchy Hill and Yawi are located), Apai and Tiria;Continue detailed geological work and field sampling of sedimentary-hosted copper-silver mineralization observed in scattered outcrops over a distance of 23km, to advance these targets to scout drilling;Advance the clusters of copper-gold and copper porphyry targets at Kirus, Jempe, Tsenken and Awacha through more detailed exploration, in preparation for scout drilling; andUndertake similar exploration of the carbonate replacemen...