Metron to Assist Aurania IN the Search FOR the Lost Cities IN Ecuador
TSX-V: ARU
NR 2019-14
METRON TO ASSIST AURANIA IN THE SEARCH FOR THE LOST CITIES IN ECUADOR
Toronto, Ontario, July 3, 2019 – Aurania Resources Ltd. (TSXV: ARU; OTCQB: AUIAF;
Frankfurt: 20Q) (“Aurania” or the “Company”) is pleased to announce that Metron Incorporated
(“Metron”) of Reston, Virginia, USA has joined the Lost Cities – Cutucu Project (“Project”) team. Metron
will provide data analytic and statistical analysis services to Aurania to help refine its search for the gold
mining centres, Logroño de los Caballeros and Sevilla del Oro. These were major gold mines operated by
the Spanish in Colonial times. Based on historical records, Aurania believes these mines are located within
its large, 2,080 square kilometre Project in southeastern Ecuador.
Metron has 35 years of experience in Bayesian Search Theory and has developed sophisticated computer
algorithms to generate probability maps that identify specific targets even in cases where the data is
ambiguous and contradictory. Metron is an established scientific consulting company with a long history
of solving very difficult problems. Earlier in his career, Metron Chief Scientist, Dr. Lawrence D. Stone,
was part of the team that located the lost nuclear submarine USS SCORPION. He later led the Metron
technical team that generated probability maps that led to the discovery of the SS CENTRAL AMERICA:
the fabled “Ship of Gold” that went down in the Atlantic during an 1857 hurricane carrying 21 tons of
California gold. The CENTRAL AMERICA discovery was based largely on the use of historical
documentation. In a recent success, Metron’s probability maps led searchers to the location of the black
boxes of Air France flight 447 on the Atlantic seafloor.
Aurania’s Chairman and CEO, Dr. Keith Barron commented, “The plan is that Metron will work with
Aurania on a wide range of information, including an extensive archive of historical data and ancient maps
culled from international sources over a decade by Professor Octavio Latorre and I, integrated with
topographic data, geological information, exploration results, geophysics and satellite imagery. Aurania’s
Project area will be divided up into geographic cells, each of which will be assigned a probability ranking
based on the combination of the available data. Cells with the highest probability ranking will be prioritized
for focussed follow-up, supported by LiDAR surveys (light direction and ranging), a technology that has
been used successfully in the discovery of lost cities in jungle-covered areas of Guatemala, Honduras and
Cambodia. It is hoped that this initiative will substantially accelerate our exploration of the Lost Cities.”
Dr. Barron continued, “Metron’s participation with Aurania is extremely exciting and, to our knowledge,
we are the first resource company to use Bayesian Search Theory in regional exploration for gold deposits.
Intuitively, geologists have done this for decades, pulling together and compiling observations from the
field work, and past historical activity to find the most likely area to contain mineral deposits. Instead of
geological hunches, Bayesian Search Theory reduces things to statistical probabilities. In a similar way
that the “Disrupt Mining” movement has used crowdsourcing of Big Data to process massive data sets with
notable successes in the Red Lake and Val d’Or camps, this could revolutionize current exploration
practice.”Metron is a scientific consulting company dedicated to solving challenging national security
problems through rigorous innovation grounded in first-principles, delivering creative, tailored solutions
through advanced mathematics, computer science, physics, and engineering.
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. 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 – Corporate & Investor
Services
Aurania Resources Ltd.
(416) 367-3200
Dr. Richard Spencer
President
Aurania Resources Ltd.
(416) 367-3200
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accepts responsibility for the adequacy or accuracy of this release.