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Aurania Reports That Drilling Has Intersected Sediment-Hosted Copper Mineralization at Tsenken N1
Toronto, Ontario--(Newsfile Corp. - June 15, 2021) - Aurania Resources Ltd. (TSXV: ARU) (OTCQ...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania Reports That Drilling Has Intersected Sediment-Hosted Copper Mineralization at Tsenken N1Toronto, Ontario--(Newsfile Corp. - June 15, 2021) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") reports that drilling has intersected sediment-hosted copper mineralization at Tsenken N1 in the Company's Lost Cities - Cutucu Project (\"Project\") in southeastern Ecuador. As a result, drilling will continue at the Tsenken N1 target and the second rig is being moved to the Tiria-Shimpia target area. Aurania's Chairman & CEO, Dr. Keith Barron commented, \"We believe that Tiria-Shimpia forms part of the same mineralized system as the sediment-hosted copper at Tsenken, and if we are correct, we have an enormous mineralized system on our hands - one that extends over some 45 kilometres. The remarkable opportunity to explore this entire system is afforded to us because we have a large concession block. With one drill rig continuing the drilling at Tsenken N1 and the second moving from Kuri-Yawi to Tiria-Shimpia, we will be drilling at both ends of this extensive mineralized system. We have the option of returning to Kuri-Yawi when we have incorporated all the new data to advance our knowledge of the epithermal target there.\"Tsenken N1The three drill holes completed at Tsenken N1 show that sediment-hosted copper increases in intensity towards the east as illustrated in Figure 1. The number of mineralized layers also increases to the east with three layers having been intersected in the easternmost hole. A total of 1,564 metres (\"m\") have been drilled at Tsenken N1 to date. Assay results from the easternmost hole, TSN1-003, are awaited.Rather than drilling the next hole further east, hole 4 is being drilled approximately 700 metres (\"m\") northwest of hole 3. This decision is based on the concept, described below, that copper at Tsenken is linked with zinc at Tiria-Shimpia. Hole 4 is inclined beneath an outcrop of high-grade copper-silver that returned 263 grams per tonne silver and 39% copper, the position of which suggests that it is the extension of the mineralized sedimentary layers intersected in hole 3. Hole 4 is planned to a depth of 200m.Sediment-hosted copper-silver in the Tsenken N1 area lies within the same fault system as the sediment-hosted zinc-silver mineralization at Ti...