Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Aurania Resources reports new epithermal target called Kuripan in its Lost Cities-Cutucu Project in Ecuador

% of readers think this story is Fact. Add your two cents.


Aurania Resources Ltd (CVE:ARU) (OTCQB:AUIAF) (FRA:20Q) has reported on a new epithermal target called Kuripan in its Lost Cities-Cutucu Project in southeastern Ecuador. 

The company said gold has been panned from streams that drain the target area with silica veinlets that have typical epithermal characteristics and occur in volcanic tuff. 

It added that results from stream sediment sampling show that, in addition to gold and silver, the area is enriched in pathfinder elements such as naturally occurring arsenic and antimony. 

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

“After focusing on our silver-zinc discovery in the last few press releases, I’m very pleased to report that we have an exciting new target where we’ve been able to pan gold from streams draining an area that has an epithermal signature,” said CEO Keith Barron in a statement. 

“Furthermore, indications from the field are that this is an “intermediate-sulphidation” epithermal system – the same type of mineralization as Lundin Gold’s Fruta del Norte mine 100 kilometres to the south of us in the Cordillera del Condor.”

Aurania said gold was panned from streams over an area of about 12 square kilometres, with pan concentrates returning values of up to 1 gram per tonne (g/t) as the gold grains have an irregular shape consistent with a local source. Stream sediment sample results also have elevated concentrations of silver, arsenic and antimony, and mercury, molybdenum, selenium, and thallium. 

The company said the target area lies within a sequence of black shales and siltstones of the Jurassic Santiago Formation. These strata are extensively silicified in the target area and some chalcedonic silica contains casts of adularia, a key alteration mineral found in low- and intermediate-sulphidation epithermal systems. 

But it noted that banded chalcedonic veinlets are located in volcanic tuff, which is not an ideal host for epithermal veins because the rock is not sufficiently brittle for intense veining to occur. The target for well-developed epithermal veins is the thick lavas beneath the area in which gold occurs at surface.

The company said a clay-altered diatreme breccia is located near the target area and near where the adularia casts were found. The diatreme is reminiscent of the lower parts of the maar-diatreme systems at Crunchy Hill and Yawi. The occurrence of adularia with extensive manganese oxide staining suggests that the mineralized system is an intermediate-sulphidation epithermal.

Next steps

Aurania said soil sampling teams are operating in the Kuripan area with the intention to define the area from which the gold is being eroded into the streams. More detailed geological mapping is underway to refine the target with emphasis on the distribution of brittle lavas that lie beneath the target area.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/948429/aurania-resources-reports-new-epithermal-target-called-kuripan-in-its-lost-cities-cutucu-project-in-ecuador-948429.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.