Aurania Granted Its First Concessions IN Northern PERU
TSX-V: ARU
NR 2021-09
AURANIA GRANTED ITS FIRST CONCESSIONS IN NORTHERN PERU
Toronto, Ontario, February 17, 2021 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF)
(Frankfurt: 20Q) (“Aurania” or the “Company ”) reports that the first six mineral exploration
concessions have been granted from the 393 covering approximately 384,000 hectares (“Ha”) applied for
in northern Peru. Application for this extensive concession package was made to cover potential extensions
of the sedimentary-hosted copper-silver identified over the border in the Company’s Lost Cities – Cutucu
Project in southeastern Ecuador.
Location of the Granted Concessions
The first concessions granted form part of a larger block that adjoins the joint venture (“JV”) between
Hannan Metals Limited (“Hannan”) and Japan Oil, Gas and Metals National Corporation (“ JOGMEC”)
(Figure 1). High-grade copper and silver have been reported by Hannan from the adjacent concession area
as shown in Figure 1. The concession blocks that Aurania has applied for in Peru cover the contact between
red-beds (oxidized sandstone) and carbon-bearing rocks that, due to their chemically reductive nature, form
prime trap-sites for copper.
Publicly available seismic data acquired by various oil compani es that previously explored the area of
Aurania’s concessions ha s been secured by Aurania, at no cost , from the Peruvian government . The
location of the seismic lines is shown on Figure 1 and the results of Aurania’s interpretation will be the
subject of a press release to be made in the next few weeks. If all Aurania’s applied for concessions are
eventually granted, it will represent the fourth largest landholding in the Republic of Peru. Aurania applied
for these concessions in Peru in mid-2019 and Hannan announced the signing of its JV with JOGMEC on
November 30, 2020.
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Figure 1. Simplified geological map of the area in which Aurania’s first mineral exploration concessions
in Peru have been granted (not all of Aurania’s applications in Peru are shown). Areas shown in blue are
red-beds and those shown in green are the reactive strata that would capture the copper derived from the
red-beds. Salt domes, believed to be a key component in the formation of sedimentary -hosted copper
deposits, are also shown. Concessions applied for by Hannan, and included in its JV with JOGMEC, are
shown for reference. Also shown are the locations of seismic lines. The grades reported are from Hannan’s
press release dated September 3, 2019 and these grades have not been independently verified by Aurania.
“Cu” is the symbol for copper and “Ag” is that of silver.
Qualified Person
The geological information contained in this news release has been verified and approved by Jean -Paul
Pallier, MSc. Mr. Pallier is a designated EurGeol by the European Federation of Geologists and a Qualified
Person as defined by National Instrument 43- 101, Standards of Disclosure for Miner al Projects of the
Canadian Securities Administrators.
All copper and silver grades noted in Figure 1 are from Hannan’s press release dated September 3, 2019
and Aurania has not verified these reported results.
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.
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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
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 current ly available 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 re sults, potential mineralization, the corporation’s portfolio,
treasury, management team and enhanced capital markets profile, the estimation of mineral resources,
exploration, timing of the commencement of operations and estimates of market conditions. Fac tors 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, political risks, inabilit y 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, the effects of COVID-19 on the
business of the Company including but not limited to the effects of COVID-19 on the price of commodities,
capital market conditions, restrictions on labour and international travel and supply chains, and those risks
set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the as sumptions
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.