- Aurania Resources (ARU) continues to explore the Awacha target area at its Lost Cities-Cutucu project in southeastern Ecuador
- The company has also announced that Dr. Keith Barron will be assuming the role of president
- Based on recent work, there appears to be at least one large porphyry body and possibly others at Awacha
- The goal of field work here will be to define the porphyry targets in the area
- Aurania is a mineral exploration company
- Shares in Aurania Resources (ARU) are up 14.10 per cent, trading at $0.89 per share
Aurania Resources (ARU) continues to explore the Awacha target area at its Lost Cities-Cutucu project in southeastern Ecuador.
The company has also announced that Dr. Keith Barron will be assuming the role of president moving forward. Dr. Barron is presently on the ground in Ecuador and is taking the reins of the company’s COVID-19 response.
“Over the upcoming month,” said Dr. Barron, “Aurania will be engaged in basic field exploration north of the Awacha porphyry target on lands that only became accessible to the company through a signed agreement with the local Shuar stakeholders on January 19, 2022.”
Awacha is geographically isolated from surrounding communities, and the company is following strict COVID-19 protocols while working.
Based on recent work, there appears to be at least one large porphyry body and possibly others at Awacha. The goal of fieldwork here will be to define the porphyry targets in the area.
“On Awacha itself, soil sampling and field surveys are in progress,” said Dr. Barron.
Aurania reported that its board is studying all options to maximize value for its shareholders, and the company believes that there is significant value to its projects.
The company also recently reported drill results from the Lost Cities-Cutucu Project, including 12 per cent zinc and 61 g/t gallium.
Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of properties in South America.
Its flagship asset, the Lost Cities-Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.
Shares in Aurania Resources (ARU) are up 14.10 per cent, trading at $0.89 per share as of 3:34 pm EST.
