Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) announced in a news release it chose drill targets to test the high-grade silver zones of the Tiria-Shimpia silver-gold target at its Lost Cities–Cutucu project in Ecuador.
"Intensive geological mapping in the region of Tiria-Shimpia as well as a compilation of the geological work of all the exploration teams along the 15 kilometre trend is indicating that the mineralization is not a simple vein system as previously thought, but is following both fault zones and the sedimentary layering of the host rock. It appears to be a vein-manto type of environment where silver, zinc, lead and epithermal pathfinders have travelled upwards through faults and then spread laterally along the horizons, replacing limestone," said Aurania Chairman and CEO Dr. Keith Barron in the release.
"The best way to explain it is that these are crumpled sheets of mineralized limestone, with vertical feeders, potentially with a width of up to 3 kilometers (3 km) and a trend of up to 15 km," Barron continued.
The company selected drill sites to test two outcrops on the northwestern margin, which showed high-grade silver.
"Silver values in soil samples suggest that the two outcrops are connected beneath soil cover—a concept that will be tested in the planned drill program. In fact, the area of enrichment in soil continues well beyond the two outcrops, extending over an area 3 km long, in which scattered outcrops range in grade from 1.4 to 356g/t silver with 1 to 22% zinc. The Tiria-Shimpia target contains six other extensive zones of silver enrichment in soil that are being investigated through the construction of detailed geological profiles," the company noted.
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