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Aurania Resources Ltd V.ARU

Alternate Symbol(s):  AUIAF | V.ARU.WT.B | AUIWF

Aurania Resources Ltd. 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. It holds 100% of the Lost Cities - Cutucu project that covers approximately 208,000 hectares (ha) in southeastern Ecuador. It has also applied for mineral concessions in adjacent northern Peru, and for an exploration license in the Brittany Peninsula of northwestern France. Epithermal targets for Gold-Silver include Kuri-Yawi, Tatasham and Kuripan. Intrusive-related copper targets include Tatasham and Awacha. It has discovered a 15-kilometer-long trend in which silver-zinc-lead-barium occurs in the Shimpia target area, which is enclosed by the various Tiria epithermal gold-silver targets.


TSXV:ARU - Post by User

Bullboard Posts
Comment by willexon Jul 26, 2006 12:00am
362 Views
Post# 11149301

RE: no sign of weakening after 700 meter!!

RE: no sign of weakening after 700 meter!!The two rigs already on site continue to step out to the north at FDN, with holes CP-06-64 and 66 completed on line 600N, holes CP-06-65, 67 and 68 completed on line 700N, and hole CP-06-69 in progress on line 800N. Maps, cross sections, photos and full gold and silver assay data may be viewed at www.aurelian.ca As previously reported (PR July 6, 2006) hole CP-06-64 (Az. 86° dip 60°) on line 9583600N intersected intense epithermal veining and brecciation with occurrences of visible gold. Hole CP- 06-66 was drilled from the same location, but at a steeper angle (Az. 88° dip 69°). This hole intersected a broad zone of epithermal mineralization, including a zone of intense epithermal stockwork and brecciation in silicified volcanics. Several occurrences of visible gold have been observed, and detailed logging of this hole is in progress. On line 9583700N, where hole CP-06-65 (Az. 93° dip 60°) intersected intense epithermal veining and brecciation with occurrences of visible gold (PR July 6, 2006), two additional holes have now been completed. Hole CP-06-67 (Az. 86° dip 60°) was drilled approximately 50m west of hole 65, and also intersected a broad zone of epithermal mineralization, including a zone of intense epithermal stockwork and brecciation in silicified volcanics. Detailed logging of this hole is in progress. Hole CP-06-68 (Az. 83° dip 70°) was drilled from the same drill platform as hole 67, and was designed to test the mineralization down-dip to the west. The hole encountered zones of intense silicification within the conglomerate unit before intersecting weak to moderate epithermal mineralization in what is interpreted as the western downdropped fault block (west of the main mineralized block). Detailed logging of this hole has not yet begun. On line 9583800N, hole CP-06-69 (Az 90° dip 60°) is in progress and to date has intersected intense epithermal stockwork and brecciation in intensely silicified volcanics, with chalcedonic quartz with fine sulphides. Hole CP-06-69 marks the northernmost hole drilled to date in the FDN target. “We now see strong epithermal mineralization over a strike length of approximately 700 metres of the FDN system with no signs of weakening as we continue drilling to the north.” says Aurelian President & CEO Patrick F. N. Anderson. “With the addition of two more powerful diamond drill rigs, we can begin to test the target to the south and west where it also remains open.” To date, 20 holes have been completed in the FDN target, with results released for twelve of these holes. Results for the next batch of holes will be released when they are fully received and compiled.
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