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News Update


Explorer Begins Drilling at Copper-Silver Target in Ecuador
News Update

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Aurania Resources reported that it has commenced scout drilling at the Tsenken N1 target at its Lost Cities-Cutucu Project in southeastern Ecuador.

Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) reported in a news release that it has begun scout drilling work at the Tsenken N1 target at its Lost Cities–Cutucu Project in Ecuador.

The company indicated that the Tsenken N1 target is a surface exposed copper-silver mineralized zone and that prior surface samples taken at the site returned values of up to 7.1% copper and 55 g/t silver. The firm noted that based upon the results obtained from MobileMT data, it believes that it will intersect the mineralized zone starting at a depth of between 75 and 100 meters from surface, though the MobileMT target is located at a greater depth of around 700 meters.

The company's Chairman and CEO Dr. Keith Barron remarked, "Tsenken N1 is an area where there are a number of small, mineralized breccia bodies with limited exposure on surface in some stream beds...Breccia conduits or "breccia pipes" commonly will coalesce at depth into a larger breccia body or into the upper levels of a porphyry."

Dr. Barron continued, "Several years ago, I examined a group of meter-scale copper breccia pipes underground and on surface at Tres Chorreras in Azuay Province in Ecuador, and these ultimately merged downward into a copper porphyry that was intersected in drilling. I am hopeful that we have a similar geological scenario here."

The company pointed out that a heliborne MobileMT geophysical survey is currently being performed to target a cluster of porphyries in the Awacha area. Aurania advised that the survey work is being completed jointly by two Toronto firms, MPX Geophysics Ltd. and Expert Geophysics Ltd.


1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
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