Expert Consultant Provides Perspective ON Sedimentary-Hosted Copper IN Aurania’S Project Area
TSX-V: ARU
NR 2019-38
EXPERT CONSULTANT PROVIDES PERSPECTIVE ON SEDIMENTARY-HOSTED
COPPER IN AURANIA’S PROJECT AREA
Toronto, Ontario, December 23, 2019 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF)
(Frankfurt: 20Q) (“Aurania” or the “Company”) is pleased to report on the perspectives of Professor
Gregor Borg, an independent specialist and expert in sedimentary-hosted copper deposits, during his visit
and review of the Company’s Lost Cities – Cutucu Project (“Project”) in southeastern Ecuador. A summary
of Professor Borg’s observations and perspectives were video recorded in a discussion with Ecuador’s Vice
Minister of Mines, Mr. Fernando L. Benalcazar, who visited the Project concurrently.
Professor Gregor Borg observed that in his wide-ranging and worldwide personal experience he has never
before come across spatially coincident porphyry copper and sedimentary-hosted copper as seen across the
Project area. This potentially geologically unique situation has come about due to intrusion of the
porphyries into chemically receptive red beds and black shales. The video of Prof. Borg’s summary (“Borg
video”) can be viewed by clicking here.
Mr. Jeremy S. Brett, Senior Geophysical Consultant, has also given his opinion of Aurania’s geophysical
airborne magnetic data which dovetails with Prof. Borg’s comments. The video with Mr. Brett’s opinion
was previously released as part of the Metron video series (“Metron III” video) and can be accessed on
Aurania’s website. Ground truthing of these targets will progress through 2020, but already those sampled
in detail are being confirmed as porphyry copper (see press release dated December 3, 2019).
Yawi Drilling Update
Drilling of the fourth bore hole at Yawi has been completed. The first two holes were drilled in target area
A, the third hole at target area B and the fourth at target area C. The depth of the holes was as follows: bore
hole YW-001: 533.40m, YW-002: 559.31m, YW-003: 260.60m and YW-004: 516.64m for a total of
1,870m. Results will be released in batches when assays have been received and reviewed in geological
context.
Qualified Person
The technical information in this press release has been verified and approved by Richard Spencer, Ph.D.,
P.Geo., C.Geol. Dr. Spencer is registered as a Professional Geoscientist in Ontario, Canada, and as a
Chartered Geologist with the Geological Society of London, UK). Through his registration with these
professional bodies, he is a Qualified Person as defined by National Instrument 43-101, Standards of
Disclosure for Mineral Projects of the Canadian Securities Administrators.
The technical information relating to geophysical data and related interpretations in the Metron III video
has been verified and approved by Jeremy S. Brett, M.Sc., P.Geo., MPH Consulting Limited. Mr. Brett is
a Professional Geoscientist registered in the Province of Ontario 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 junior mineral exploration company engaged in the identification, evaluation, acquisition and
exploration of mineral property interests, with a focus 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 – Investor Services
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 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, statements, exploration results, potential mineralization, the corporation’s portfolio,
treasury, management team and enhanced capital markets profile, the estimation of mineral resources,
exploration and mine development 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 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, 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 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, 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 revise any forward-looking
information, whether as a result of new information, future events or otherwise, other than as required by
law.