Business
Expert Consultant Provides Perspective on Sedimentary-Hosted Copper in Aurania's Project Area
Toronto, Ontario--(Newsfile Corp. - December 23, 2019) - Aurania Resources Ltd. (TSXV: ARU) (...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Expert Consultant Provides Perspective on Sedimentary-Hosted Copper in Aurania's Project AreaToronto, Ontario--(Newsfile Corp. - December 23, 2019) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") is pleased to report on the perspectives of Professor Gregor Borg, an independent specialist and expert in sedimentary-hosted copper deposits, during his visit and review of the Company's Lost Cities - Cutucu Project (\"Project\") in southeastern Ecuador. A summary of Professor Borg's observations and perspectives were video recorded in a discussion with Ecuador's Vice Minister of Mines, Mr. Fernando L. Benalcazar, who visited the Project concurrently. Professor Gregor Borg observed that in his wide-ranging and worldwide personal experience he has never before come across spatially coincident porphyry copper and sedimentary-hosted copper as seen across the Project area. This potentially geologically unique situation has come about due to intrusion of the porphyries into chemically receptive red beds and black shales. The video of Prof. Borg's summary (\"Borg video\") can be viewed by clicking here. Mr. Jeremy S. Brett, Senior Geophysical Consultant, has also given his opinion of Aurania's geophysical airborne magnetic data which dovetails with Prof. Borg's comments. The video with Mr. Brett's opinion was previously released as part of the Metron video series (\"Metron III\" video) and can be accessed on Aurania's website. Ground truthing of these targets will progress through 2020, but already those sampled in detail are being confirmed as porphyry copper (see press release dated December 3, 2019).Yawi Drilling UpdateDrilling of the fourth bore hole at Yawi has been completed. The first two holes were drilled in target area A, the third hole at target area B and the fourth at target area C. The depth of the holes was as follows: bore hole YW-001: 533.40m, YW-002: 559.31m, YW-003: 260.60m and YW-004: 516.64m for a total of 1,870m. Results will be released in batches when assays have been received and reviewed in geological context. Qualified PersonThe technical information in this press release has been verified and approved by Richard Spencer, Ph.D., P.Geo., C.Geol. Dr. Spencer is registered as a Professional Geoscientist in Ontario, Canada, and as a Chartered Geologist with the Geological...