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Aurania Reports Progress in Drilling Kuri-Yawi Target in Ecuador
Toronto, Ontario--(Newsfile Corp. - April 9, 2021) -   Aurania Resources Ltd. (TSXV: ARU)...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania Reports Progress in Drilling Kuri-Yawi Target in EcuadorToronto, Ontario--(Newsfile Corp. - April 9, 2021) -  Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") reports that diamond drilling of the Kuri-Yawi target is well underway and proceeding as planned in the Company's Lost Cities - Cutucu Project (\"Project\") in southeastern Ecuador. The drill hole, inclined at 60° is still a significant distance away from the MobileMT target, however epithermal-type veining has been encountered in brecciated lava in the upper part of the hole.The target is about 1.1 kilometres from siliceous sinter outcrop and 200 metres from geochemical anomalies of pathfinder elements (arsenic, antimony, selenium, thallium, mercury and silver) at surface. Epithermal veins are reportedly outcropping in a riverbank below the current drill hole, and an underlying area of geophysical interest has been identified in MobileMT data as reported on in the Company's press release dated January 29, 2021. The target at depth is a strong conductor, which may be a zone of sulphide, capped by a strong resistor, which itself may be a zone of silica-flooding. The epithermal-type veining encountered in brecciated basalt contains significant amounts of black \"pyrobitumen\", which is a pseudo-mineral composed of carbon and derived from hydrocarbon (crude petroleum or related substances). The pyrobitumen lies as colloform layers within the veins with pyrite/marcasite, quartz, sphalerite and carbonate also in bands. Aurania's Chairman & CEO, Dr. Keith Barron commented, \"I consider this discovery of pyrobitumen to be potentially of high significance. It is rarely documented in epithermal scenarios but perhaps significantly it occurs at gold deposits and occurrences such as McLaughlin in California, Esquel in Argentina, Waiotapu in North Island New Zealand, several Carlin Trend gold mines and in the Witwatersrand of South Africa. The genetic relationship between gold deposits and hydrocarbon as a transport mechanism in gold systems may be tenuous, but hydrocarbon in geothermal fluids may have scavenged gold much as a carbon-in-pulp system is used in commercial gold recovery in many operating mines to strip gold from pregnant solution. It has been a mystery for us that we have very high levels of pathfinder ele...