Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update

TICKERS: ARU; AUIAF

Explorer Extends Copper-Silver Mineralization at Target in Ecuador
News Update

Share on Stocktwits

Source:

Aurania Resources notes that this target is showing similarities to another more advanced one at the property.

Kirus sample Y992012 with 1.6% copper and 39.6 g/t silver

Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) announced in a news release that it encountered high-grade copper and silver over an extensive area at the Kirus target at its Lost Cities–Cutucu project in Ecuador. Kirus is 6 kilometers to the south of Tsenken, which the company has been exploring in depth.

I'm delighted to report that sedimentary-hosted copper and silver have been encountered over an extensive area [at Kirus]. At Tsenken, one large target area is resolving into specific targets that will be drill-tested shortly; in the same way, we expect that ongoing work at Kirus will lead to the definition of specific targets to be tested by scout drilling," Chairman and CEO Dr. Keith Barron said in the release.

Since April, the Toronto-based explorer doubled the size of the area of mineralization at Kirus through sampling of boulders and outcrop. It also stated that it discovered that similar to the other sediment-hosted copper-silver targets identified at Lost Cities–Cutucu, the primary copper-bearing minerals in the sedimentary layers at Kirus are malachite, chrysocolla, tenorite and chalcocite.

The Kirus samples that recently returned high grade mineralization were taken from an area next to the 5 kilometer diameter magnetic feature that captured Aurania's attention, the company reported. Because the magnetic center is a target for copper porphyries, the company is currently collecting soil samples at Kirus to identify areas of copper enrichment that could indicate that underlying porphyry mineralization exists there.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Aurania Resources. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.





Want to read more about Base Metals and Silver investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe