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Aurania Reports That Drilling at Crunchy Hill Intersected the Upper Part of an Epithermal System
Toronto, Ontario--(Newsfile Corp. - June 13, 2019) - Aurania Resources Ltd. (TSXV: ARU) (OTCQ...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania Reports That Drilling at Crunchy Hill Intersected the Upper Part of an Epithermal SystemToronto, Ontario--(Newsfile Corp. - June 13, 2019) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") reports that it has completed its scout drilling campaign at Crunchy Hill and has received all assays and results of detailed studies of alteration minerals in the drill core. The exploration model developed from these data suggests that the scout drilling at Crunchy Hill intersected the very upper part of an epithermal system.Dr. Keith Barron, Chairman and CEO commented, \"I'm encouraged by the success of our scout drilling - the first-ever mineral exploration drilling in the Cordillera del Cutucu in southeastern Ecuador. We have used a multidisciplinary approach, including geology, geochemistry, mineral textures and spectral data measured from the core, to confirm the presence of an epithermal system and have learned that the targeted gold zone is deeper than was initially modelled. All this has taken time but should pay dividends longer term as these concepts are applied to the drilling of our extensive list of epithermal gold targets.\" Aurania's President, Dr. Richard Spencer added, \"With the receipt of the final assays and detailed alteration mineral data from the nine holes drilled at Crunchy Hill, we finally have the relevant building blocks to refine our understanding of the target. The campaign at Crunchy Hill achieved what scout drilling is designed to accomplish: it confirmed the presence of an epithermal system and has indicated where we would need to drill to intersect the heart of the system where associated gold would be expected.\" \"Our plan is to \"bank\" Crunchy Hill and to scout drill the growing list of other epithermal targets that have been identified by our reconnaissance exploration crews. When one has a long list of targets, the objective of scout drilling is to identify, as efficiently and cost-effectively as possible, which ones have the highest potential to host the best deposits. The next area highlighted for scout drilling is Yawi. However, from our experience at Crunchy Hill, where the core of the mineralizing system is deeper than expected, we are considering a short, focused geophysical program prior to drilling. We intend to keep one drill rig focused on...