Aurania Resources extends Tiria-Shimpia target in Ecuador to 22km after discovering Shimpia North

Aurania Resources Ltd (CVE:ARU) (OTCMKTS:AUIAF) (FRA:20Q) told investors that its Tiria-Shimpia target in Ecuador had been extended to 22 kilometres (km) in length from 15km with the discovery of Shimpia North. 

Sampling during the first exploration in this area at the Lost Cities – Cutucu project has uncovered elevated metal values in streams draining a ridge that is 7km long.

READ: Aurania Resources intersects sediment-hosted copper at Lost Cities-Cutucu Project in Ecuador

Results included 40 grams per tonne (g/t) silver in an extensively weathered gossan outcrop, said the company. Another sample from a stream returned 19 g/t silver, 6.5% lead and 1.1% zinc. 

Aurania has now begun selecting drill sites at the Tiria-Shimpia target area and expects to begin drilling this quarter, it added.

“Shimpia North appears to have the same character, style and mineralization type as Tiria-Shimpia, though it is displaced to the northwest,” said the company’s Chairman and CEO, Dr. Keith Barron.

“I consider it to be part of the same system. This may be the distal expression of the copper/silver -in-sediment system we have traced further to the south across country for 23 kilometres,” he added.

“What I find astounding is that Cretaceous and younger cover rocks have been stripped off to just the right erosional level to expose mineralization. Otherwise, we would never have guessed it was there. Equally significant, our very large land parcel has allowed us to piece this story together. If we had had a postage stamp type parcel, we never would have guessed the magnitude of these mineralizing systems. Serendipity has worked in our favour,” said the company boss.

Explorer Aurania is focused on precious metals and copper in South America. Its flagship asset, The Lost Cities – Cutucu project, lies Jurassic Metallogenic Belt in the eastern foothills of the Andes mountains.

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Story by ProactiveInvestors