Aurania Resources Ltd V.ARU

Seeking more targets

[Kilbarry60]

Toronto, Ontario--(Newsfile Corp. - May 22, 2020) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") is pleased to provide additional detail about its application for mineral concessions in northern Peru. Following careful review of existing geological data from its Lost Cities - Cutucu Project ("Project") in southeastern Ecuador, the Company believes that is has identified an opportunity for additional copper and gold exploration as a result of the possible extension of a mineral belt from our project in Ecuador into northern Peru (see press release dated Jan 17, 2020). In order to be able to capitalize on this potential opportunity, Aurania has applied for 419 mineral concessions covering 413,200 Hectares ("Ha") in northern Peru. Although the concessions may not formally be granted for several months under Peruvian law, we have already commenced a detailed review of existing data that is available from the Peruvian government. The Company will provide updates in respect of the gold and copper potential as work progresses.