Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) announced in a news release that a mobile magnetotelluric (MT) geophysical survey is scheduled to commence this week at its Lost Cities–Cutucu project in Ecuador and continue into next year.
"The Mobile MT survey should complement the scout drilling undertaken to date," Chairman and CEO Dr. Keith Barron said in the release.
The survey will cover numerous targets, including N2, N3, N4 and N5, which comprise the Tsenken North iron oxide copper-gold system; Tsenken Central's magnetic feature, the copper-silver mineralized Tsenken N1 breccia target; Yawi; Kirus; Awacha; Sunka; and Tatasham–Tiria–Shimpia.
The aim is to identify electrically conductive areas related to sulphides in the target area in addition to electrically resistive zones related to silica associated with epithermal systems."Results from the survey are expected to make a fundamental contribution to the exploration for the sulphide-bearing core of IOCG targets, as well as complementing magnetic data in refining porphyry copper and epithermal gold-silver and silver-zinc-lead targets," the company stated.
The MT survey comes at the near conclusion of drilling of six bore holes in Tsenken N2. The first three, TS-001 to TS-003, did not return any mineralization.
"Our exploration model developed from the drilling at Tsenken North had holes TS-001 to 003 located outside of the mineralized zone, so the assay results received come as no surprise," Dr. Barron said.
Results from the fourth and fifth holes, TS-004 and TS-005, drilled closer to what is believed to be the core, are pending.
Drilling of the sixth hole, TS-006, is in progress; it has reached 250 meters of a targeted 500 meter depth.
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