- Aurania (ARU) has intercepted 12 per cent zinc and 61 g/t gallium from its Lost Cities – Cutucu Project in Ecuador
- The drill hole covers 2 m at a down-hole depth of 52 m and also intercepted 5.4 g/t silver and 9 g/t indium
- Deeper drilling is required to intersect unweathered sulphide mineralization and delineate a trend
- Aurania Resources is a mineral exploration company focused on precious metals and copper in South America
- Aurania (ARU) is up by 1.69 per cent and is currently trading at $1.20 per share
Aurania (ARU) has intercepted 12 per cent zinc and 61 g/t gallium from its Lost Cities – Cutucu Project in Ecuador.
The result stems from hole 4 at the Tiria-Shimpia Target, which covers 2 m at a down-hole depth of 52 m. The mineralized interval lies within an 8.5 m halo of 3 per cent zinc. It also intercepted 5.4 g/t silver and 9 g/t indium.
The hole was drilled in a 5.5 km area of elevated metal values in soil, one of many such zones on the 22 by 3 km target.
Despite the intercept being at a depth of 37 m vertically below surface, the sulphide minerals are weathered, indicating that deeper drilling is required to intersect unweathered sulphide mineralization and delineate a trend.
Other key developments:
The company has begun drilling at hole 9 at Tsenken with a planned depth of 500 m. The target is copper-silver mineralization in evaporite mineral beds within sedimentary layering.
The company has also signed an access agreement and begun mapping and sampling at its Awacha Target to refine porphyry targets in the area.
Aurania Resources is a mineral exploration company focused on precious metals and copper in South America.
Aurania (ARU) is up by 1.69 per cent and is currently trading at $1.20 per share as of 9:31 am EST.