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Junior Explorer Confirms High-Grade Copper-Silver at Ecuador Property

Source: Streetwise Reports

 

August 4, 2020 (Investorideas.com Newswire) The mineralization at Aurania Resources' flagship project is 'resolving into specific targets.'


Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) announced in a news release it confirmed high-grade copper-silver in the Tsenken B target area of its flagship Ecuadorian Lost Cities–Cutucu project.

"We are very encouraged to see the copper-silver in the Tsenken area resolving into specific targets that we aim to drill test as soon as possible," Chairman and CEO Dr. Keith Barron said in the release.

The explorer, headquartered in Toronto, reported that Tsenken B showed "sedimentary-hosted copper-silver mineralization in outcrop and boulders," the release noted. Field mapping and soil sampling will be done there next to define drill targets.

To date, Aurania has tested and reported results for the Tsenken A, Tsenken B, Tsenken N1, Tsenken N2, Tsenken N3, Tsenken N4 and the Tsenken magnetic center targets, spanning from the intensely mineralized fault breccia at Tsenken A to the area 6 kilometers north of it.

Generally, "the copper-silver is hosted by sedimentary layers that contain fossilized, carbonized plant fragments within an enclosing stack of red-colored sandstone or red beds," according to the release.

In the next few weeks, Aurania stated it will mobilize to the project site a lightweight rig, one with a maximum reach of 800 meters, for an upcoming drill program, in which Tsenken N2 and N3 will be tested first.

Disclosure:

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Aurania Resources. Click here for important disclosures about sponsor fees.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

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