Source: Streetwise Reports 08/03/2020
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.
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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.
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Source:: The Gold Report