Aurania Confirms Extension to Most Advanced Target IN the Lost Cities
TSX-V: ARU
NR 2018-31
AURANIA CONFIRMS EXTENSION TO MOST ADVANCED TARGET IN THE LOST CITIES
– CUTUCU PROJECT
Toronto, Ontario, September 13, 2018 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF)
(Frankfurt: 20Q) (“Aurania” or the “Company”) reports that an extension to its Crunchy Hill target
has been confirmed in pathfinder element enrichme nt in soil over a one-kilometre trend. Pathfinder
element enrichment outlines the shape of what appears to be an underlying vein system which, combined
with other datasets, is being used to refine the form and depth of a possible epithermal gold-silver target.
Crunchy Hill is the Company’s most advanced target in its Lost Cities – Cutucu Project (“Project”) in
Ecuador and will be the first target to be drilled in late 2018. Detaile d exploration is being conducted on
other targets so that they can be readied for scout drilling in sequence after the initial drilling at Crunchy
Hill.
Soil Geochemistry Results:
Detailed exploration of the Crunchy Hill target resulte d in an extension of the original soil sampling grid
800 metres to the west to cover an area in which vugg y silica has been found at surface. The soil sample
results show a strong coincidence of pathfinder elements such as molybdenum, silver, antimony, mercury,
thallium and lead (Figure 1).
Soil Analyses Refining the Crunchy Hill Target:
The narrow corridors in which the pathfinder elements occur, within the broad one-kilometre trend, is
reminiscent of a typical vein system in which the individual veins are inclined to one another.
Furthermore, molybdenum is known to be exceptionally stable in the tropical soil profile found in
southeastern Ecuador since it does not dissolve a nd migrate downslope from the position of the
underlying rock from which it was weathered and in corporated into the soil. Hence, molybdenum
provides a reliable anchor that should faithfully re present the position and shape of the underlying vein
system from which it was derived. The confinement of other pathfinder elements, such as antimony and
mercury, to coincident corridors with molybdenum adds to the conviction that the corridors represent
mineralized structures at depth.
In contrast to the narrow corridors of molybdenum , antimony and mercury, other elements such as
naturally-occurring arsenic and iron occur over broader areas of the soil grid – typical of epithermal
systems where these elements occur, not only in th e veins, but in the enclosing rock as well. The
distribution of manganese close to the pathfinder elem ents is unusual – and highly informative - since it
typically occurs as a halo to mineralization in many deposits. An exception to this rule is “intermediate
sulphidation” epithermal deposits, of which Fruta del Norte is a prime example, where manganese occurs
in a carbonate mineral, rhodochrosite, at the core of the mineralization (Figure 1).
Next Steps:
Detailed field mapping is underway to determine whet her the inclination of the veins inferred from the
pathfinder element corridors can be discerned from features in the vuggy silica. The prime drill targets
would be where the veins intersect chemically react ive layers of rock, such as limestone, or permeable
units such as tuff, at depth. This data will be used to refine the location and orientation of the drill holes.
Figure 1. Summary of distribution of pathfinder elements in soil at Crunchy Hill.
About Aurania
Aurania is a junior exploration mining company engage d in the identification, evaluation, acquisition and
exploration of mineral property interests, with a fo cus on precious 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 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
Manager – Corporate & Investor
Services
Aurania Resources Ltd.
(416) 367-3200
Dr. Richard Spencer
President
Aurania Resources Ltd.
(416) 367-3200
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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. Forw ard-looking statements
include estimates and statements that describe Aur ania’s future plans, objectives or goals, including
words to the effect that Aurania or its manageme nt expects a stated condition or result to occur.
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and uncertainties. Although these statements are based on information currently available to Aurania,
Aurania provides no assurance that actual resu lts will meet management’s expectations. Risks,
uncertainties and other factors involved with forwar d-looking information could cause actual events,
results, performance, prospects and opportunities to diff er materially from those expressed or implied by
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limited to, Aurania’s objectives, goals or future plans, statements, exploration results, potential
mineralization, the corporation’s portfolio, trea sury, management team and enhanced capital markets
profile, the estimation of mineral resources, explora tion and mine development plans, timing of the
commencement of operations and estimates of market c onditions. Factors that could cause actual results
to differ materially from such forward-looking in formation include, but are not limited to, failure to
identify mineral resources, failure to convert estimated mineral resources to r eserves, 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, political risks, inability to fulfill the duty to accommodate
indigenous peoples, uncertainties relating to the ava ilability and costs of financing needed in the future,
changes in equity markets, inflation, changes in exchange rates, fluctuati ons in commodity prices, delays
in the development of projects, capital and operatin g costs varying significantly from estimates and the
other risks involved in the min eral exploration and development industry, and those risks set out in
Aurania’s public documents filed on SEDAR. 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 rev ise any forward-looking information, whether as a
result of new information, future events or otherwise, other than as required by law.