Aurania Resources Ltd. (ARU:TSX.V) announced in a news release two recent events.
The first is that the company finished drilling the initial hole at the gold-silver Yawi Target A at its Lost Cities-Cutucu project in southeastern Ecuador.
That bore hole, YW-001, reached a depth of 533.4 meters and "intersected veinlets that have banded textures typical of epithermal gold-silver systems at various depths along its trajectory," the release explained. Aurania submitted samples for analysis.
The second bore hole at Target A, YW-002, in progress, is being drilled so that it cuts across that vein system encountered in YW-001.
To date, the Canadian explorer identified four targets at Yawi. Mapping and soil sampling of a fifth is being undertaken to determine whether it should be drilled.
Aurania's second news event is that Dr. Keith Barron, its chairman and CEO, attended a milestone for Ecuador, the official opening of Lundin Gold's Fruta del Norte gold mine. Barron and his team had discovered the Fruta del Norte gold deposit in 2006 in the Cordillera del Condor, the mineral belt next to and contiguous with Aurania's Lost Cities-Cutucu.
"The opening of Fruta del Norte is a turning point for the mining industry in Ecuador," Barron said in the release. "For the first time in Ecuador's history, gold mining will be carried out in a responsible, technically safe and sustainable way, offering unimagined benefits to stakeholders and the people of Ecuador."
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