Aurania to Investigate Visible GOLD Found at Crunchy Hill
TSX-V: ARU
NR 2024-16
AURANIA TO INVESTIGATE VISIBLE GOLD FOUND AT CRUNCHY HILL
Toronto, Ontario, Ju ly 11, 2024 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF)
(Frankfurt: 20Q) (“Aurania” or the “Company”) announces that visible gold has been found in the area
of the Company’s Crunchy Hill target in southeastern Ecuador. The gold, as shown in figures 1 and 2 below,
was found during basic prospecting by one of Aurania’s reconnaissance exploration geologists. The source
of this gold needs to be confirmed through further investigation including the completion of assays.
The Crunchy Hill target is being investigated following a review of stream sediment samples and other data
from specific areas on Aurania’s property where there has been indication of gold. Geologists are being
sent to the Crunchy Hill area to determine and understand the source of the gold.
In 2019, a scout drilling campaign was conducted at Crunchy Hill and the presence of an epithermal gold
system was confirmed. At that time it was decided that Aurania’s geology teams would later return to this
target for further sampling/fieldwork to determine the location of the heart of the system.
Figure 1: The ragged, irregular nature of the gold flakes suggests proximity to source.
Figure 2: Gold recovery after 2-hour wash test.
In other news, an Anaconda mapping program has been completed in the southern part of Aurania’s Awacha
porphyry copper target area and exploration teams continue to map the remaining area . An induced
polarization geophysical survey is planned for the Kuri-Yawi epithermal gold target.
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.sedarplus.ca, 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 Corporate Development & 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.
This news release contains forward -looking information as such term is defined in applicable securities
laws, which relate to future events or future performance and reflect management’s current expectations
and assumptions. The forward- looking information includes Aurania’s objectives, goals or future plans,
statements, 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, the Company’ s teams being on track ahead of any drill program, the
commencement of any drill program and estimates of market conditions. Such forward-looking statements
reflect management’s current beliefs and are based on assumptions made by and information currently
available to Aurania, including the assumption that, there will be no material adverse change in metal prices,
all necessary consents, licenses, permits and approvals will be obtained, including various local government
licenses and the market. Investors are cautioned that these forward-looking statements are neither promises
nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially
from those expected. Risk factors that could cause actual results to differ materially from the results
expressed or implied by the forward-looking information include, among other things, commodity prices,
supply chain disruptions, restrictions on labour and workplace attendance and local and international travel;
a failure to obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents;
an inability to access financing as needed; a general economic downturn, a volatile stock price, labour
strikes, political unrest, changes in the mining regulatory regime governing Aurania; a failure to comply
with environmental regulations; a weakening of market and industry reliance on pr ecious metals and
copper; and those risks set out in the Company’s public documents filed on SEDAR. Aurania cautions the
reader that the above list of risk factors is not exhaustive. Although the Company 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. The Company 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.