Webcast & conference call scheduled for March 3rd
Toronto, Ontario – (Newsfile Corp. – March 1, 2021) – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (“Aurania” or the “Company”) is pleased to announce an update to its exploration activities on the Lost Cities – Cutucu project (“Lost Cities Project”) in southeast Ecuador. Aurania will host a conference call and webcast on March 3, 2021 at 11:00 a.m. EST to update investors. A question and answer session will take place after the presentation.
Investor Update Webcast & Conference Call Details
Date: Wednesday, March 3, 2021
Time: 11:00 AM EST
To register for the webcast, click this URL:
http://services.choruscall.ca/links/aurania20210303.html
When prompted, the webcast attendees enter: first name, last name, company, email address.
Dial-in numbers for conference calls:
Canada / USA toll free: 1-800-319-4610
Toronto Toll: + 1-416-915-3239
UK and Europe toll free: 0808-101-2791
Callers are asked to dial in 5 to 10 minutes before the scheduled start time and simply join the call.
Scout drilling
- At Tsenken N1, the hole has reached a depth of 500 meters (“m”) after being held in a geological fault zone that was cemented to allow drilling to continue. The hole is in red layers of the Chapiza Formation and the MobileMT target is a conductor we believe is at depth near the interface between the red layers and the underlying limestone and black shale of the Santiago Formation about 400 m below the surface. requires a 600 m inclined borehole. Drilling for this target continues.
- Drilling platforms are being prepared for drilling the epithermal gold-silver and copper-porphyry targets at Yawi. The planned drillings are intended to test both the epithermal target and the deeper porphyry target with drillings down to approx. 800 m. A larger drill rig is being used for drilling in Yawi. Note that the Yawi target will be renamed Kuri-Yawi to avoid confusion with the Solaris Resources target of the same name in the Warintza target 15 km south of Aurania’s property. “Kuri” is the Shuar word for gold.
- Drilling platforms will be set up in a 4-kilometer section of the 15-kilometer Tiria Shimpia silver-zinc target based on field mapping of laterally continuous silver-zinc bearing plates that run parallel to the stratification in limestone layers.
MobileMT
MobileMT’s planned geophysical survey has been completed. A number of additional survey lines will be flown prior to planned drilling to refine targets in the Kuri-Yawi and Tsenken N1 – Tsenken West areas. The survey has been plagued by bad weather and the board is proposing to expand the MobileMT survey to cover additional targets later in the year.
Preliminary data for the Awacha and Tatasham – Tiria – Shimpia target areas have been received and will be reported in due course as the data has been incorporated into geological information from the field. Field, magnetic geophysical, and geochemical data indicate that Awacha, like Tatasham, is a cluster of porphyries. Tiria Shimpia is a silver-zinc target.
Lost cities
Field teams are working in an area Metron Incorporated says is likely to contain Logroño – the gold mine that operated between approximately 1564 and 1605.
NI 43-101 Report on Peruvian Real Estate
Since the first of the exploration licenses applied for in Peru have been granted, as reported in the news release dated February 17, 2021Management has determined that a National Instrument 43-101 technical report is warranted – and is currently being prepared. The application for a large area of exploration concessions in Peru is based on the concept that sedimented copper and silver from the Lost Cities project in Ecuador extends across the border into Peru.
Qualified person
The geological information contained in this news release has been reviewed and approved by Jean-Paul Pallier, MSc. Mr. Pallier is a EurGeol named by the European Federation of Geologists and a Qualified
About Aurania
Aurania is a mineral exploration company engaged in the identification, appraisal, acquisition and exploration of mineral properties with an emphasis on precious metals and copper in South America. The flagship, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt at the eastern foot of the Andes Mountains in southeast Ecuador.
For information on Aurania and technical reports, see www.aurania.com and www.sedar.comas well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtdand LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.
For more information please contact:
Carolyn Muir
VP Investor Relations
Aurania Resources Ltd.
(416) 367-3200
This email address is being protected from spam bots! You need JavaScript enabled to view it.
Dr. Richard Spencer
president
Aurania Resources Ltd.
(416) 367-3200
This email address is being protected from spam bots! You need JavaScript enabled to view it.
Neither the TSX Venture Exchange nor its regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
This press release may contain forward-looking information that involves significant known and unknown risks and uncertainties, most of which are beyond Aurania’s control. Forward-looking statements include estimates and statements that describe Aurania’s future plans, goals or objectives, including words that indicate that Aurania or its management expect a certain condition or result to occur. Forward-looking statements may be identified by terms such as “believes,” “anticipates,” “expects,” “estimates,” “may,” “could,” “would,” “will,” or “plans”. Since forward-looking statements are based on assumptions and relate to future events and conditions, they are inherently associated with risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania cannot guarantee that actual results will meet management’s expectations. Risks, uncertainties and other factors associated with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied in such forward-looking information. Forward-looking information in this press release includes, but is not limited to, Aurania’s goals, objectives, or future plans, statements, exploration results, potential mineralization, the Company’s portfolio, treasury, management team and improved capital market profile and mineral resource estimate. Exploration, time of commissioning and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, non-conversion of estimated mineral resources to reserves, and the inability to conduct a feasibility study that would recommend a production decision preliminary nature of metallurgical test results, delays in obtaining or failing to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to meet indigenous peoples’ accommodation obligations, uncertainties about the availability and cost of the required funding in the future changes in the stock markets, inflation, exchange rates, fluctuations in raw material prices, delays in the development of projects, capital and operational k o significantly from the estimates and other risks associated with the mineral exploration and development industry, the impact of COVID-19 on the company’s business including, but not limited to, the impact of COVID-19 on commodity prices, capital market conditions, labor restrictions and international travel and supply chains and the risks set out in Aurania’s public documents filed with SEDAR. While Aurania believes that the assumptions and factors used in preparing the forward-looking information in this press release are reasonable, undue reliance should not be placed on, and cannot be, any information that speaks only as of the date of this press release Assurances are given that such events will occur in the specified time frame or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information as a result of new information, future events, or for reasons other than as required by law.
