- Aurania Resources (ARU) has discovered a new epithermal target named Kuripan in its Lost Cities Cutucu Project in Southeastern Ecuador
- The company panned gold from streams over an area of 12 square kilometres
- Pan concentrates returned values of up to 1 g/t gold
- Stream sediment sample results have elevated concentrations of silver, arsenic, antimony, mercury, molybdenum, selenium and thallium
- Soil sampling teams are operating at Kuripan to define the area from which the gold is being eroded into the streams
- Aurania is engaged in the identification, evaluation, acquisition and exploration of mineral properties in South America
- Aurania Resources (ARU) is up by 2.95 per cent and is currently trading at $3.14 per share
Aurania Resources (ARU) has discovered a new epithermal target named Kuripan in its Lost Cities Cutucu Project in Southeastern Ecuador.
The company panned gold from streams over an area of 12 square kilometres. Pan concentrates returned values of up to 1 g/t gold and the gold grains have an irregular shape consistent with a local source.
Stream sediment sample results have elevated concentrations of silver, arsenic, antimony, mercury, molybdenum, selenium and thallium.
The target area contains silica veinlets in volcanic tuff that have typical epithermal characteristics.
The area lies within a sequence of black shales and siltstones of the Jurassic Santiago Formation. These strata are extensively silicified in the target area and some chalcedonic silica contain casts of adularia, a key alteration mineral found in low and intermediate-sulphidation epithermal systems.
Soil sampling teams are operating at Kuripan to define the area from which the gold is being eroded into the streams.
More detailed geological mapping is underway to refine the target with emphasis on the distribution of brittle lavas that lie beneath the area.
Dr. Keith Barron, Aurania’s Chairman and CEO, commented,
“After focusing on our silver-zinc discovery in the last few press releases, I’m very pleased to report that we have an exciting new target where we’ve been able to pan gold from streams draining an area that has an epithermal signature.
Furthermore, indications from the field are that this is an intermediate-sulphidation epithermal system, the same type of mineralization as Lundin Gold’s Fruta del Norte mine 100 kilometres to the South of us in the Cordillera del Condor.”
Aurania is engaged in the identification, evaluation, acquisition and exploration of mineral properties in South America.
Aurania Resources (ARU) is up by 2.95 per cent and is currently trading at $3.14 per share as of 2:32 pm ET.
