Source: Aurania Resources Ltd.
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  • Aurania Resources Ltd. (ARU) announced that detailed geological mapping at its Tatasham target is progressing and is expected to be completed in the coming weeks
  • The purpose of this field work was to define the drill targets at Tatasham and Awacha targets
  • The second phase of mapping at the company’s Awacha target is planned to start by the end of August
  • Aurania (ARU) is up 1.64 per cent trading at C$0.62 per share as of 12:15 pm ET

Aurania Resources (ARU) announced that detailed geological mapping at its Tatasham target is progressing and is expected to be completed in the coming weeks.

The purpose of this field work was to define the drill targets at Tatasham and Awacha targets by using the “Anaconda mapping method”.

This method was developed in the 60s and ’70s by Anaconda Copper and has led to the discovery and resource expansion of several porphyry copper-gold deposits, including the Apala deposit in Ecuador and Cortadera in Chile. 

The second phase of mapping at the company’s Awacha target is planned to start by the end of August.

The company’s Chairman, President and Chief Executive Officer, Dr. Keith Barron also completed a C$1 million unsecured loan to the company.

Aurania Resources Ltd. (ARU) is a junior mineral exploration mining company engaged in identifying, evaluating, acquiring, and exploring mineral property interests, focusing on precious metals and copper. Its flagship project is The Lost Cities – Cutucu Project in Southeastern Ecuador.

Aurania (ARU) is up 1.64 per cent trading at C$0.62 per share as of 12:15 pm ET.


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