Aurania Commences Drilling at Copper-Silver Target IN Ecuador
TSX-V: ARU
NR 2020-28
AURANIA COMMENCES DRILLING AT COPPER-SILVER TARGET IN ECUADOR
Toronto, Ontario, September 14, 2020 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF)
(Frankfurt: 20Q) (“Aurania” or the “Company”) reports that drilling has commenced on the Tsenken
N2 copper-silver target at the Company’s Lost Cities – Cutucu Project (“Project”) in southeastern Ecuador.
Dr. Keith Barron, Chairman and CEO of Aurania commented, “I’m delighted to report
that drilling has started at the Tsenken N2 target. The man -portable rig was airlifted
to the first drill platform by helicopter last week and drilling started on Sunday . The
light-weight rig has the capacity to drill to 800m (2,400 feet) so that each drill hole can
test both cylindrical porphyry targets as well as enclosing sheet -like sedimentary -
hosted copper-silver targets.”
Image: Aurania’s VP-Exploration, Jean Paul Pallier at the first drill site at the Tsenken N2 target.
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Figure 1 shows the exploration concept that will be drill-tested at Tsenken N2: slightly inclined sedimentary
layers partially cover roughly cylindrical-shaped porphyry copper targets. The first drill holes are planned
to a depth of approximately 400m (1,200 feet). After drilling three to five holes at Tsenken N2, the plan is
to move the rig to test the Tsenken N3 target.
Results will be reported as they become available, likely commencing in the latter part of October or early
November.
Figure 1. Cross section (vertical slice) through the Tsenken N2 and N3 targets illustrating the exploration
concept that will be tested in the scout drilling program.
Qualified Person
The technical information contained in this news release has been verified a nd approved by Jean- Paul
Pallier, MSc. Mr. Pallier is a designated EurGeol by the European Federation of Geologists and is a
Qualified Person as defined by National Instrument 43- 101, Standards of Disclosure for Mineral Projects
of the Canadian Securities Administrators.
About Aurania
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 in South America. 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 www.aurania.com and www.sedar.com, as
well as on Facebook at https://www.facebook.com/auranialtd/ , Twitter at https://twitter.com/auranialtd,
and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.
For further information, please contact:
Carolyn Muir
VP Investor Relations
Aurania Resources Ltd.
(416) 367-3200
Dr. Richard Spencer
President
Aurania Resources Ltd.
(416) 367-3200
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release may contain forward-looking information that involves substantial known and unknown
risks and uncertainties, most of which are beyond the control of Aurania. Forward -looking statements
include estimates and statements that describe Aurania’s future plans, objectives or goals, including words
to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”,
“could”, “would”, “will”, or “plan”. Since forward -looking statements are based on assumptions and
address future events and conditions, by their very nature they involve inherent risks and uncertainties.
Although these statements are based on information currently availabl e to Aurania, Aurania provides no
assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors
involved with forward-looking information could cause actual events, results, performance, prospects and
opportunities to differ materially from those expressed or implied by such forward- looking information.
Forward looking information in this news release includes, but is not limited to, Aurania’s objectives, goals
or future plans, statements, exploration results, pot ential mineralization, the corporation’s portfolio,
treasury, management team and enhanced capital markets profile, the estimation of mineral resources,
exploration and mine development plans, timing of the commencement of operations and estimates of
market conditions. Factors that could cause actual results to differ materially from such forward -looking
information include, but are not limited to, failure to identify mineral resources, failure to convert estimated
mineral resources to reserves, the inability to complete a feasibility study which recommends a production
decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain
required governmental, regulatory, environmental or other project approvals, politica l risks, inability to
fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of
financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations
in commodity prices, delays in the development of projects, capital and operating costs varying significantly
from estimates and the other risks involved in the mineral exploration and development industry, and those
risks set out in Aurania’s public documents filed on SE DAR. Although Aurania believes that the
assumptions and factors used in preparing the forward -looking information in this news release are
reasonable, undue reliance should not be placed on such information, which only applies as of the date of
this news release, and no assurance can be given that such events will occur in the disclosed time frames or
at all. Aurania disclaims any intention or obligation to update or revise any forward- looking information,
whether as a result of new information, future events or otherwise, other than as required by law.