Aurania Resources Ltd (CVE:ARU) (OTCQB:AUIAF) (FRA:20Q) said a review of drill core shows that the fault system which links the Tsenken target with the Tiria-Shimpia target has been confirmed in Ecuador.
According to the company, the fault system moved periodically throughout the development of the sedimentary basin, providing a pumping mechanism for metal-bearing fluids that deposited sediment-hosted zinc-silver at Tiria-Shimpia and copper-silver at Tsenken.
Additional scout drilling at Tsenken N1 is focused on sediment-hosted copper-silver adjacent to this fault system that extends 45 kilometers from the copper area in the south to the zinc zone in the north in the central part of the Aurania’s Lost Cities - Cutucu project in southeastern Ecuador.
The company recently brought Professor Gregor Borg, an expert on sediment-hosted copper systems, to the site to review the exploration programs and drill core from Tsenken and Tiria-Shimpia.
Professor Borg said: "I have not seen many mineralized systems that extend 45 kilometers along a fault system as we see in the central part of Aurania's Lost Cities project. The change from copper-centric in the Tsenken area to zinc-rich in the Tiria-Shimpia target is consistent metal zoning that is evident in the Kupferschiefer.”
He continued: “I came away from my second review of Aurania's sedimentary copper exploration program as convinced as I was on my first visit that the red-bed basin is highly fertile and has very good potential for sediment-hosted copper. We optimized some of the concepts on the basis of the features that we saw in the drill core, and I have encouraged the exploration team to keep drilling."
To date, five drill holes for a total of 2,184 meters have been drilled in the Tsenken N1 target area and a sixth hole is underway. The sedimentary layers targeted in hole six have been elevated to within a few hundred meters of surface.
Additionally, a second drill rig has completed its first hole at Tiria-Shimpia and the second scout drilling hole is underway.
South America-focused Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper. 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.
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