Aurania Resources Reports High Grade Copper-Silver, Little Data Provided

Aurania Resources (TSXV: ARU) this morning reported that it has conducted analysis on certain rock samples from its Lost Cities Cutucu project, with one target area reporting 7% copper and 55 grams per tonne silver. The results come from the Tsenken N1 target area of the project, however details were rather slim on the sizing of the rock sample itself.

The sample is said to come from boulders that were “protruding from beneath the jungle floor,” across an area 500 metres by 400 metres in size, in a zone named Tsenken N1. The host rock is said to be breccia, with at least three samples taken. The second sample yielded 5.28% copper and 54 grams per tonne silver, however the third sample was not assayed for an undisclosed reason.

Aurania is now said to be conducting detailed mapping, sampling, soil sampling and geophysical surveys to further analyze the magnetic feature. The Tsenken target area is said to be 5 kilometres wide, with drilling said to be planned in the target area after two other targets, N2 and N3, are drilled. The latter is expected to occur before the end of the third quarter.

Limited additional results from the company were provided, with no details on exactly how many samples were taken, or what their overall size was. Additional results were yielded from a photograph included within the news release, rather than from text outlining the total results for the assays. Field work is now said to have commenced on six target areas at the project. Scout drilling is currently planned for two additional areas of the Cutucu project as well.

Aurania Resources last traded at $3.08 on the TSX Venture.

Information for this briefing was found via Sedar and Aurania Resources. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.