Aurania Resources Ltd. provides an update on its operations and announces a temporary suspension of most activities at its Lost Cities-Cutucu project in southeastern Ecuador as a result of recent COVID-19 guidelines. There are currently 9 active COVID cases among our personnel and our General Manager is in quarantine because a family member is infected. Ecuador is beginning to experience an increase in the number of cases [...]
Aurania Resources Ltd. reports that drilling from hole 4 at Tiria-Shimpia returned a high-grade intercept of 12% zinc , 5 grams per tonne silver and 61g/t gallium over 2.0 metres. The drill intercept is from a 5.5-kilometre-long area of elevated metal values in soil - one of many such zones in the 22 kilometre-long, 3 kilometre wide, Tiria-Shimpia target area in the central part of the Company's Lost Cities - Cutucu [...]
Aurania Resources Ltd. reports that drilling successfully intersected the targeted silver-zinc mineralized layer at Tiria-Shimpia in drill hole SH-004 and assays are awaited. Progress is also being made with exploration for sediment-hosted copper at the Tsenken target in the Company's Lost Cities - Cutucu Project area in southeastern Ecuador. Copper has been intersected in several sedimentary layers and targets were [...]
Aurania Resources Ltd. reports that soil sampling in the 22 kilometre-long Tiria-Shimpia silver-zinc target have highlighted an area of consistent silver and zinc enrichment in soil over a distance of 2.5 kilometres in the Company's Lost Cities - Cutucu Project area in southeastern Ecuador. Drill platforms are being prepared for holes 4 and 5 to test for mineralization at a depth of approximately 100 metres below surface [...]
Aurania Resources Ltd. announces that it has closed its non-brokered private placement of units of the Company , which was conducted alongside the Company's overnight marketed offering that was successfully completed and announced by the Company in a news release that was issued earlier today . A total of 1,256,037 Units were sold in the Private Placement at a price of $1.80 per Unit, for gross proceeds to the Company of [...]
Aurania Resources Ltd. announces that the Company has closed its previously announced overnight marketed public offering of units of the Company , including the exercise in full by the Underwriters of the over-allotment option . The Offering was completed pursuant to a short form prospectus dated October 14, 2021 and filed in the provinces of Ontario, British Columbia and Alberta. A total of 3,835,250 Units were sold in [...]
Aurania Resources Ltd. announces that, further to its previously announced overnight marketed public offering of units of the Company , it has entered into an underwriting agreement with a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation , as sole bookrunner, and including Canaccord Genuity Corp. and Echelon Wealth Partners to sell 3,335,000 Offered Units at a price of $1.80 per Offered Unit for gross [...]
Aurania Resources Ltd. announces that it is undertaking an overnight marketed public offering of units of the Company for gross proceeds of up to CDN$10.0 million and a concurrent private placement of units for gross proceeds of up to CDN$2 million. The Offering is expected to be completed pursuant to an underwriting agreement to be entered into between the Company and Cantor Fitzgerald Canada Corporation, as lead [...]
Aurania Resources Ltd. reports that the third hole drilled on the 22 kilometre-long Tiria-Shimpia silver-zinc target intersected the extension of the mineralized layer that was seen at surface. Hole SH-003 intersected 5 metres at a grade of 10.5 grams per tonne silver and 2.5% zinc within a 31.5m thick halo of mineralization in layered sedimentary rock in the central part of the Company's Lost Cities - Cutucu Project area [...]
Aurania Resources Ltd. announces that Mr. Alfred Lenarciak has resigned from its board of directors for personal reasons, effective immediately. Mr. Lenarciak will be retained as a consultant to the Company for a period of one year and will provide advisory services to the Company if and when requested by the Company. Aurania's Board thanks Mr. Lenarciak for his contribution to the Company and wishes him well in his [...]
Aurania Resources Ltd. announces that its board of directors has given its approval for a non-brokered private placement of up to 2,083,334 units at C$2.40 per Unit for gross proceeds of up to C$5 million, subject to receipt of all applicable regulatory approvals. Each unit will consist of one common share in the capital of the Company and one-half of one warrant, with each whole warrant exercisable into one common share [...]
Aurania Resources Ltd. reports on geophysical modelling that has refined the shape of the Tatasham target, a feature that has characteristics of a porphyry, a deposit type that contains over half of the world's copper resources. Tatasham is located near the western margin of the Company's Lost Cities - Cutucu Project area in southeastern Ecuador. Aurania's Chairman & CEO, Dr. Keith Barron commented, "Tatasham is the [...]
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