Aurania Provides Update ON Operations
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TSX-V: ARU
NR 2022-01
AURANIA PROVIDES UPDATE ON OPERATIONS
Toronto, Ontario, January 26, 2022 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF)
(Frankfurt: 20Q) (“Aurania” or the “Company”) provides an update on its operations and announces a
temporary suspension of most activities at its Lost Cities-Cutucu project in southeastern Ecuador as a result
of recent COVID-19 guidelines.
There are currently 9 active COVID cases among our personnel and our General Manager is in quarantine
because a family member is infected. Ecuador is beginning to experience an increase in the number of cases
nationwide, and on January 16 th a “Red Alert” was issued by the Ecuador Governmen t for 193 of 195
Cantons. We are required under Ecuadorian law to follow the guidelines imposed by the Ministry of Health
and the Ministry of Labour and the protocols that we were required to submit to the Government last
year. Because the Omicron Variant appears to be much more transmissible than any other COVID variant
to date, we are taking the decision to suspend the majority of our field activities more or less over the next
month in order to protect our employees and the local communities in which w e operate. Where possible
we may continue field work with a reduced contingent in those remote areas where there is no interaction
with local communities.
Laboratory analyses have been received from hole TSN1 -009 at Tsenken, designed to sample the conta ct
of a “salt wall” lying along a prominent fault structure. Such sites have historically yielded abundant copper
from projects in Peru and so the drill hole was meant to test an analogous geological setting. The hole
collapsed due to caving in salt at a downhole depth of 369 metres. It was projected to intersect the target
area at 400-500 metres. Low anomalous copper and silver were returned from a 9-metre interval downhole
at 321 to 331 metres. Within this intersection breccia clasts containing chalcocite, a copper sulphide, were
noted.
Sample Analysis & Quality Assurance / Quality Control (“QAQC”)
Laboratories: The samples were prepared for analysis at MS Analytical (“MSA”) in Cuenca, Ecuador, and
the analyses were done in Vancouver, Canada.
Sample preparation: 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 0.075mm and a 200 gram (“g”) split was set aside for analysis.
Analytical procedure: Approximately 0.25g of rock pulp underwent four-acid digestion and analysis for
48 elements by ICP-MS. For the over-limit samples, those that had a grade of greater than 1% copper, zinc
and lead, and 100g/t silver, 0.4 grams of pulp underwent digestion in four acids and the resulting liquid was
diluted and analyzed by ICP-MS.
QAQC: Aurania personnel inserted a certified standard pulp sample, alternating with a field blank, at
approximate 20 sample intervals in all sample batches. Aurania’s analysis of results from its independent
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QAQC samples showed the batches reported on above, lie within acceptable limits. In addition, the labs
reported that the analyses had passed their internal QAQC tests.
Qualified Person
The geological information contained in this news release has been reviewed and 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/a uranialtd/, 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
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 i nformation currently 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, statemen ts, exploration results, 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 mark et 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, politic al 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 pr ices, delays
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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 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 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.