Aurania Resources Ltd. is pleased to announce that it has closed the first tranche of the private placement announced on February 19, 2020 for gross proceeds of C$1,469,369.20, and in addition, has received executed subscription agreements for approximately $4.7M which is expected to close in a second tranche next week. Details of the Private Placement On February 19, 2020, the Company announced a non-brokered private [...]
Aurania Resources Ltd. announces that its board of directors has given its approval for a non-brokered private placement to a strategic investor group through the issuance of up to 2,580,644 units at C$3.10 per Unit for total gross proceeds of C$8 million , subject to receipt of all applicable regulatory approvals. Each Unit will consist of one common share of the Company and one-half of a Common Share purchase warrant [...]
Aurania Resources Ltd. is pleased to report that it will be attending the PDAC 2020 International Convention being held March 1st - March 4th at the Metro Toronto Convention Centre in Toronto, Canada. Aurania is also pleased to announce the appointment of Ms. Carolyn Muir as Vice President of Investor Relations. PDAC Booth Location Aurania will be exhibiting at booth 2905 in the Investors Exchange located in the MTCC [...]
Aurania Resources Ltd. reports that follow-up exploration has encountered copper enrichment in soils over the Tsenken N3 geophysical target. These results are consistent with the Tsenken N3 being a porphyry copper target like Tsenken N2 located only 1km to the southwest . Both targets lie in the central part of the Lost Cities - Cutucu Project in southeastern Ecuador. Figure 1. a. Gridded magnetic data showing the Tsenken [...]
Conference Call Scheduled for February 12th at 10:00 a.m. EST Aurania Resources Ltd. reports that it has filed a National Instrument 43-101 technical report dated February 4, 2020 entitled, "A Technical Review of the Lost Cities - Cutucu Exploration Project, Morona-Santiago Province, Ecuador." The report is available under the Company's profile on SEDAR www.sedar.com and on the Company's website [...]
Aurania Resources Ltd. reports that soil sampling has defined compelling epithermal-style targets in the Tiria area of the Company's Lost Cities - Cutucu Project in southeastern Ecuador. Tiria has moved up the list of epithermal gold-silver targets ranked for drilling, ahead of the Apai target and the Company has applied for the required water permit. Pathfinder elements for epithermal gold-silver mineralization at Tiria [...]
Aurania Resources Ltd. is pleased to provide an interim report on its scout drilling at its Yawi target in its Lost Cities - Cutucu Project in southeastern Ecuador. Six drill holes have been completed on Targets A, B and C on the Yawi epithermal gold-silver target area. Assay results have been received for the first four holes; no significant gold-silver mineralization was intersected. However, alteration mineral and [...]
Aurania Resources Ltd. announces that it has applied for mineral concessions in northern Peru. Based on a preliminary review of the grass roots exploration completed to date at Aurania's Lost Cities - Cutucu Project in southeastern Ecuador, applications have been made for mineral concessions along geological trend in northern Peru. Aurania will provide updates in respect of the gold and copper potential of these new [...]
Aurania Resources Ltd. is pleased to provide an update on exploration activities at its Lost Cities - Cutucu Project in southeastern Ecuador. Scout Drilling at Yawi Four bore holes have been completed on three epithermal gold targets at Yawi. The drill crew is operational after its year-end break and is scheduled to start drilling the fifth hole, on Target C, over the next few days. An update on drilling will be issued [...]
Aurania Resources Ltd. is pleased to report that shareholders exercised warrants to a value of C$5,234,061 by the expiry date of December 29, 2019. These warrants, each of which entitled the holder to purchase one common share of Aurania at C$3.00, were issued in private placements undertaken by the Company in 2017 and 2018. Following the exercise of these warrants, Aurania has 38,368,100 common shares outstanding. One [...]
Aurania Resources Ltd. 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 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 [...]
Steps Required to Exercise Aurania Warrants Issued in 2017 and 2018 Aurania Resources Ltd. would like to remind warrant holders that there are two sets of warrants priced at C$3.00 per warrant expiring on December 29, 2019. Warrants issued pursuant to Aurania's 2017 private placement financing have been extended from an original expiry date of October 19, 2018 to December 29, 2019; and Warrants issued in June 2018 as part [...]
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