Aurania Discovers Epithermal Target #6 IN the Latorre District IN Southeastern Ecuador
TSX-V: ARU
NR 2018-21
AURANIA DISCOVERS EPITHERMAL TARGET #6 IN THE LATORRE DISTRICT IN
SOUTHEASTERN ECUADOR
Toronto, Ontario, May 31, 2018 – Aurania Resources Ltd. (TSX-V: ARU) (“Aurania” or the
“Company”) is pleased to report the discovery of a new epithermal zone some eight kilometres south of
the “Crunchy Hill” area (See Press Release dated April 6, 2018 ). The new discovery, named “Yawi”
means “thermal spring” or “area with hot water” in the local Shuar language. In addition, two diatremes
(breccia bodies) have been found in nearby outcrop , and presumably there is a geological connection
between the diatremes and the mineralization. Ro cks in the area are clay- and sericite-altered and
preliminary XRF (x-ray fluorescence) analysis indicates anomalously high levels of mercury and arsenic
in selected samples. These are natural pathfinder elemen ts for precious metals and can be used to vector
in to the mineralization.
Aurania’s Chairman and CEO, Dr. Keith Barron co mmented, “These hot springs are relicts from the
Jurassic era, some 155 million years ago and are long since extinct, but they are not too different from the
active gas and steam geothermal vents we are seeing on the nightly news from the Kilauea volcano in
Hawaii. Hawaiian vents only carry sulphur, which de posits as yellow crusts on the vent fringes, which
you can see on some of the photos on the internet. Gold pathfinder elements, arsenic, antimony and
mercury are also present in vapour from volcanic vents but only those of specific type and not from the
basaltic lavas in Hawaii. We know from empirical evidence that gold and silver deposits are forming
today beneath hot spring and geyser areas in the North Island, New Zealand, and are suspected to also be
forming beneath Yellowstone Park in the USA. Br illiant-coloured orange and red muds fringing the hot
pools are precipitates enriched in arsenic, antimony , thallium and mercury. In the mid 1990’s Simon
Ridgway with Mar-West Resources decided on an explor ation strategy of staking up all the hot spring
areas in Guatemala, Honduras and Nicaragua, and f ound 4 million gold ounces in two deposits before
being acquired by Glamis. The samples from Yawi that have been collected to date have the most
impressive epithermal textures I have seen in my career , and the Latorre area c ontains anomalous levels
of arsenic, antimony, mercury, selenium, thallium and silver.
Discovery of Yawi is a very exciting outcome for our Company, and with confidence we can now claim
that Latorre is not a collection of isolated occurre nces but is an epithermal District. These epithermal
systems largely appear to be intact and uneroded, as is Fruta del Norte some 110 kilometres to the south.
We now have 15 kilometres length of arsenic and an timony anomalies in stream sediments. We will now
be fast-tracking Yawi for drilling in Q4 this year.”
Yawi Target
Abundant chalcedonic silica blocks from both floa t and outcrop at Yawi exhibit classic textures
characteristic of a sinter environment. Blocks of pseudocolumnar geyserite would have formed close to
an ancient geyser vent, while chalcedony casts of reed stems would have developed on the fringes of a
silica terrace where water gushing from a geyser or up welling in pools would have cooled sufficiently for
a marsh to have developed and plant matter to be ento mbed in silica. The textures of the silica blocks
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found in the field can be used as a means of vectoring to wards the centre of the geyser terraces (Figure 1).
It is in these upflow channels beneath geysers that precious metals typically accumulate. A gallery of
photographs of Yawi samples can be found at http://www.aurania.com/school-of-rock/
Figure 1. Schematic vertical slice through a typical sinter showing the different components from the hot
vent area to the cool, marshy areas on the apron.
Technical Disclosure
The technical information contained in this press re lease has been verified and approved by Jean Paul
Pallier, MSc., a EurGeol designated by the European Fe deration of Geologists. Mr. Pallier is a Qualified
Person as defined by National Instrument 43-101, St andards of Disclosure for Mineral Projects of the
Canadian Securities Administrators.
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:
Dr. Richard Spencer
President
Aurania Resources Ltd.
(416) 367-3200
Carolyn Muir
Manager, Investor Services
Aurania Resources Ltd.
(416) 367-3200
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the
TSX-V) accepts responsibility for the adequacy or accuracy of this release.
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Forward-Looking Statements
This news release contains forward-looking info rmation that involves s ubstantial known and unknown
risks and uncertainties, most of which are beyond th e control of Aurania. Forward-looking statements
include estimates and statements that describe Aurani a’s future plans, objec tives 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 term s 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 thei r very nature they involve inherent risks and
uncertainties. Although these statements are based on information currently available to Aurania, Aurania
provides no assurance that actual results will meet ma nagement’s expectations. Risks, uncertainties and
other factors involved with forward-looking informa tion 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 ne ws release includes, but is not limited to, Aurania’s
corporate objectives, goals or future plans, statemen ts, exploration results, potential mineralization, the
corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation
of mineral resources, exploration and mine deve lopment 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 resour ces to reserves, the inability to complete a feasibility
study which recommends a production decision, the prel iminary nature of metallurgical test results,
delays in obtaining or failures to obtain required gove rnmental, regulatory, environmental or other project
approvals, political risks, inability to fulfill th e duty to accommodate certain indigenous peoples,
uncertainties relating to the availability and costs of financing needed in the future, changes in equity
markets, inflation, changes in ex change 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 explor ation and development i ndustry, and those risks set out in Aurania’s
public documents filed on SEDAR. Although Aurania be lieves 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 disc losed time frames or at all. Aurania disclaims any
intention or obligation to update or revise any forw ard-looking information, whether as a result of new
information, future events or otherwise, other than as required by law.