Aurania’S Kirus Copper-Silver Target Doubles IN Size Sixth Hole Being Drilled at Crunchy Hill
TSX-V: ARU
NR 2019-06
AURANIA’S KIRUS COPPER-SILVER TARGET DOUBLES IN SIZE
SIXTH HOLE BEING DRILLED AT CRUNCHY HILL
Toronto, Ontario, April 9, 2019 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF)
(Frankfurt: 20Q) (“Aurania” or the “Company”) reports that high-grade copper and silver have been
found over an area measuring 6 kilometres (“km”) by 3km in the Kirus target area in the Lost Cities –
Cutucu Project (“Project”) in southeastern Ecuador. Samples from boulders in streams contain up to 12%
copper with 166 grams per tonne (“g/t”) silver. Follow-up expl oration of these streams has led to the
discovery of outcrop with grades of up to 5% copper with 70g/t silver.
Aurania’s President, Dr. Richard Spencer commented, “Kirus is r emarkably like the Tsenken target
reported on last week (see press release dated April 2, 2019). The targets, 6km apart, are associated with
highly magnetic features evident in the geophysics survey that we flew over the Cutucu – Lost Cities
Project. Both targets have high-grade copper and silver in sed imentary rocks over, and adjacent to, their
respective magnetic feature. The significance of these sedimen t-hosted targets is that they are sheet-like
and would be relatively simple to drill. The magnetic features are interpreted to be porphyry bodies that
represent deeper targets that would be drill-tested later in our exploration program.”
“The sixth bore hole is underway at Crunchy Hill. No assays ha ve yet been received from the Lab. We
intend to release results once we have assays from a cluster of drill holes that allow us to understand the
context of any mineralization intersected.”
Copper-Silver Mineralization at Kirus
Reconnaissance exploration identified boulders in streams that contain up to 11.9% copper with 166g/t
silver. Follow-up exploration has led to the discovery of mine ralization of up to 5.1% copper and 70g/t
silver in sporadic outcrops in dense jungle over a 2km trend im mediately northwest of the Kirus magnetic
feature evident in the Company’s geophysics data (Figure 1). T he copper and silver mineralization is in
sandstone and shale, and is especially concentrated where these rocks contain layers of carbon in the form
of fossilized plant fragments. T he copper minerals observed in clude malachite, chrysocolla, tenorite and
chalcocite.
Samples from boulders in streams 3km to the east of the main Kirus target returned grades of 5.6% copper
and 146 g/t silver. The source of these boulders has yet to be found and exploration teams will return to
that area to find the source of that mineralization.
The magnetic feature at Kirus is about 4km in diameter (Figure 1) and is of a similar size to the one at
Tsenken. Our current thinking, outlined in the Company’s press releases on January 10, 2019 and April 2,
2019, is that these magnetic features relate to clusters of porphyry bodies.
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Figure 1: Kirus target
Sample Analysis & Quality Assurance / Quality Control (“QAQC”)
Some of the samples were prepared for analysis at ALS Global’s (“ALS”) lab in Quito, Ecuador and others
at MS Analytical in Cuenca, Ecuador. The rock samples were jaw -crushed to 10 mesh (crushed material
passes through a mesh with apertures of 2 millimetres (“mm”)), from which a one-kilogram sub-sample
was taken. The sub-sample was crushed to a grain size of 0.075 mm and a 200 gram (“g”) split was set
aside for analysis.
Aurania personnel inserted a certified standard pulp sample, al ternating with a field b lank, at intervals of
approximately 20 samples in all sample batches.
ALS’s preparation lab in Quito sent the prepared samples to its analytical facility in Lima, Peru, while those
prepared by MS Analytical were sent to its assay facility in Vancouver, for analysis. Approximately 0.25g
of rock pulp underwent four-acid digestion and analysis for 48 elements by ICP-MS. A repeat analysis was
done on all samples with a grade of greater than 1% copper and/ or 100g/t silver. The repeat analysis was
done on a 0.4g sample of pulp that underwent digestion in four acids and the resulting liquid was diluted
and analyzed by ICP-MS.
ALS and MS Analytical reported that the analyses had passed the ir internal QAQC tests. In addition,
Aurania’s analysis of control samples showed that they passed its internal QAQC standards.
Qualified Person
The technical information contained in this news release has be en verified and approved by Jean-Paul
Pallier, MSc. Mr. Pallier is a d esignated EurGeol by the Europ ean Federation of Geologists and is a
Qualified Person as defined by N ational Instrument 43-101, Stan dards of Disclosure for Mineral Projects
of the Canadian Securities Administrators.
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About Aurania
Aurania is a junior mineral exploration company engaged in the identification, evaluation, acquisition and
exploration of mineral property interests, with a focus on prec ious 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.
Information on Aurania and technical reports are available at w ww.aurania.com and www.sedar.com, as
well as on Facebook at https://www.facebook.com/auranialtd/, Tw itter at https://twitter.com/auranialtd,
and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.
For further information, please contact:
Carolyn Muir
Manager – Investor Services
Aurania Resources Ltd.
(416) 367-3200
Dr. Richard Spencer
President
Aurania Resources Ltd.
(416) 367-3200
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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