Aurania Resources Ltd. reports that drilling has intersected sediment-hosted copper mineralization at Tsenken N1 in the Company's Lost Cities - Cutucu 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 [...]
Aurania Resources Ltd. reports that laboratory assays have confirmed the presence of the high-tech metals, gallium and indium in significant amounts in rock-chip samples from the Tiria-Shimpia target in the Company's Lost Cities - Cutucu Project in southeastern Ecuador. Gallium and indium are known to substitute for zinc in the structure of sphalerite , and sulphidic zinc ores are a major source of these by-product [...]
Aurania Resources Ltd. reports that follow-up of a high-grade boulder found in a stream has led to the discovery of silver-zinc mineralization in outcrop over 2.7 kilometres in the Tiria-Shimpia target area in the Company's Lost Cities - Cutucu Project in southeastern Ecuador. Follow-up exploration, together with the on-going channel sampling of the mineralized layers where they are exposed at surface, is providing key [...]
Aurania Resources Ltd. reports on a new epithermal target called Kuripan in its Lost Cities - Cutucu Project in southeastern Ecuador. Gold has been panned from streams that drain the target area. The streams where gold was panned drain an area in which silica veinlets that have typical epithermal characteristics, occur in volcanic tuff. Results from stream sediment sampling show that, in addition to gold and silver, the [...]
Aurania Resources Ltd. reports on the discovery of Shimpia North, an area in which elevated metal values have been found in streams draining a ridge that is seven kilometres long. Shimpia North is an extension to the high-grade silver-zinc-lead mineralization at Tiria-Shimpia in the Company's Lost Cities - Cutucu Project in southeastern Ecuador. Shimpia North extends the Tiria-Shimpia target from 15 km to a total length [...]
Aurania Resources Ltd. is pleased to provide an update of activities, many of which are highlights from the Financial Statements and Management's Discussion and Analysis for the year ended December 31, 2020. These reports are available under Aurania's public filings on SEDAR at www.sedar.com and on the Company's website. Aurania's Chairman and CEO, Dr. Keith Barron and President, Dr. Richard Spencer will be hosting a [...]
Aurania Resources Ltd. reports that the first drill hole at the Tsenken N1 target intersected sediment-hosted copper in the Company's Lost Cities - Cutucu Project in southeastern Ecuador. The first drill hole at Tsenken N1 reached a depth of 722 metres and native copper was intersected within 2m of the maximum depth that the small-format drill could reach . The second drill hole on the target is now underway [...]
Aurania Resources Ltd. reports on its first channel rock-chip sampling from the Tiria-Shimpia silver-zinc zone - a target that is over 15 kilometres in length, in the central part of the Company's Lost Cities - Cutucu Project in southeastern Ecuador. Seven mineralized layers have been identified, one of which is 50 metres thick. So far, the layers have been traced laterally, through intermittent exposures in thick jungle [...]
Aurania Resources Ltd. reports that diamond drilling of the Kuri-Yawi target is well underway and proceeding as planned in the Company's Lost Cities - Cutucu 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 [...]
Aurania Resources Ltd. announces that the Company has closed its private placement of units of the Company previously announced in its news release on March 29, 2021. The Units were issued on the same terms and conditions as the units issued in connection with the Company's public overnight marketed offering that was successfully completed on April 1, 2021. A total of 403,709 Units were sold in the Private Placement at a [...]
Aurania Resources Ltd. announces that the Company has closed its previously announced overnight marketed public offering of units of the Company , including exercise in full of the over-allotment option . A total of 2,507,000 Units were sold at a price of C$3.10 per Unit for gross proceeds of approximately C$7.77 million. Each Unit is comprised of one common share in the capital of the Company and one Common Share [...]
Aurania Resources Ltd. announces that it has filed a final short form prospectus in each of the provinces of Canada and obtained a receipt from the Ontario Securities Commission to qualify the distribution of 2,180,000 units of Aurania , and the common shares and warrants underlying such Units. The Units are being issued pursuant to the previously announced overnight marketed public offering of Units at a price of C$3.10 [...]