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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

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Post by davie94020on Jun 03, 2007 12:59pm
580 Views
Post# 12884064

Fredy Salazar the man that put ARU together

Fredy Salazar the man that put ARU togetherhe knew there was better property in Ecuador,that is why he went out on his own with SRL.Have a look? Lots of up side left here.Local representation,home grown talent. April 25, 2007 Salazar Reports Excellent Results From Sesmo, Ecuador, 15 m at 39.1 g/t Gold and 741 g/t Silver, Includes 2 m at 186.5 g/t Gold and 1055 g/t Silver VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 25, 2007) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) is pleased to announce the results of channel sampling from the Sesmo Prospect, completed as part of the Company's ongoing 2007 exploration program (see Table 1). Significant channel samples included: - 186.5 g/t Gold and 1055 g/t Silver over 2m included within 39.1 g/t Gold and 741 g/t Silver over 15m; - 9.54 g/t Gold and 634 g/t Silver over 10m; - 12.3 Gold and 469 g/t Silver over 3m; and - 3.67 g/t Gold and 12 g/t Silver over 3m. In total, 82 channel samples, from 1m to 7m wide, were sampled over a 100m by 150m area. Samples ranged from 0.01 g/t to 186.5 g/t gold and 0.01 g/t to 1805 g/t silver. The Sesmo Anomaly lies within the Las Naves concession of the Curipamba Project and is located 2.1 km north of the El Gallo Anomaly (Figure 1). Gold and silver mineralizations lie between hydrothermal breccia structures and are analogous to the Caracol prospect. Mineralization is hosted within silicified clasts in an argilic matrix within a quartz-eye porphyry host. Internally the clasts host polymetallic sulphides (silver mineralization with pyrite) (Figure 2). Mr. Salazar, President, states, "The Company views these results, together with recently released results, as an indication that the mineralized structures identified to date could form part of a large mineralizing system." Future geophysical and geochemical work will concentrate on testing the continuity of the mineralized structures. Grid lines are currently being established at 50m spacing. Soil samples will be collected every 25m and channel samples will be taken from outcrops located within the grid. Pits will be excavated to bedrock and sampled. Dr. Howard Lahti, P. Geo, is the Qualified Person (QP) for the Company and is responsible for the accuracy of this news release. Samples preparation was performed by ALS Chemex Quito, Ecuador, using standard industry practices (Sample prep -32). Analytical work was carried out at the ALS Chemex Laboratory in Vancouver, Canada, using fire assay methods for gold (Au-25 procedure). A QC program was used whereby of every 10 samples one was sent for reanalysis at BSI Inspectorate Lab; as were several samples with values higher than 5 g/t gold. Standard samples, blanks and duplicate check samples were randomly inserted into the sample lot to ensure quality control. A review of the QA/QC results shows no significant bias and the results are considered reliable. ON BEHALF OF THE BOARD OF SALAZAR RESOURCES LIMITED Fredy Salazar, President & CEO Salazar Resources Limited Salazar Resources Ltd. is a publicly-listed (TSX VENTURE:SRL) mineral resource company engaged in the exploration and development of new highly prospective areas of Ecuador. Led by a senior Ecuadorian management team and most notably by its namesake Fredy Salazar, this team has been instrumental in other major discoveries throughout Ecuador, including Aurelian's Fruta del Norte discovery, IAM Gold's Quimsacocha Deposit, Mozo Deposit, Ex Newmont's Cangrejos Project and International Minerals Rio Blanco and Gaby Deposit. Being an Ecudorian based company gives us a strategic advantage enabling us to do the exploration at a rapid pace, having over sixty personnel on the grounds, including twelve geologists. With an excellent property portfolio (4 projects - 131,300 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in Ecuador. To view Figures 1 through 5 and Table 1 please click on the following link: https://www.ccnmatthews.com/docs/srl0425.pdf - 30 - FOR FURTHER INFORMATION PLEASE CONTACT: Salazar Resources Limited Fredy Salazar President & CEO 593.22278975 Email: fsalazar@salazarresources.com or Salazar Resources Limited Nick DeMare Director & Secretary (604) 685-9316 Fax: (604) 683-1585 Email: ndemare@chasemgt.com or Empire Communications Inc. Jeff Tindale Investor Relations (604) 484-0066 Email: info@salazarresources.com Website: www
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