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Be the first with the news that moves the market- Aurania Resources (ARU) has posted updated exploration plans from its Lost Cities project in Ecuador
- The company has outlined six copper and silver targets throughout the project, which it hopes to explore in the upcoming season
- A light-weight drill rig is currently being deployed for scout drilling the Tsenken N2 and N3 targets, before proceeding on to the other priority targets
- Recent rock chip sampling at the site’s Tsenken B target returned results as high as 7.2 per cent copper and 76 grams per tonne silver
- Aurania Resources (ARU) is down 0.8 per cent and is trading at C$3.70 per share
Aurania Resources (ARU) has posted updated exploration plans from its Lost Cities project in Ecuador.
The company has been exploring the Tsenken B target on the property, and has uncovered what it has described as extensive, sedimentary-hosted high grade copper and silver.
Rock chips from Tsenken B have graded at up to 7.2 per cent copper and 76 grams per tonne silver. The mineralisation identified extends from the Tsenken A target for six kilometres north and into the Tsenken B target zone.
Tsenken B lies within a sedimentary rock layer containing fossilised and carbonised plant material. The copper minerals found within this fossilised rock layer include malachite, chrysocolla, tenorite and chalcocite.
The company has identified six seperate targets within this deposit, and has plans to explore all the targets during its upcoming exploration season.
The next step for Aurania at Tsenken B is a detailed field mapping and soil sampling survey, alongside the more advanced exploration work ongoing on some of the other deposits.
At Tsenken A, Aurania is setting up to begin the its scout drilling program, alongside the planning scout drilling at the Tsenken N1 and N2 deposits.
Alongside the soil and rock sampling work on Tsenken B, the company is preparing to sample the N4 deposit and the Tsenken Magnetic Centre target, a geophysical anomaly identified during aerial surveying.
Chairman and CEO of Aurania Dr. Keith Barron said the company is very encouraged to see the copper-silver in the Tsenken area resolving into specific targets.
Keith went on to say that a light-weight drill rig is currently being deployed to the site to start a drill program on Tsenken N2 and N3, before proceeding to the other priority targets.
Aurania Resources (AUR) is down 0.8 per cent and is trading at C$3.70 per share at 1:10 pm EDT.
