viewAurania Resources Ltd

Aurania Resources begins drilling at the Tsenken N2 copper-silver target at flagship Ecuador project

The firm's flagship asset sits in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range

Aurania Resources Ltd -
Aurania’s vice-president of exploration Jean Paul Pallier at the first drill site at the Tsenken N2 target

Aurania Resources Ltd (CVE:ARU) (OTCQB:AUIAF) (FRA:20Q) told investors Monday that drilling had started at the Tsenken N2 copper-silver target at its Lost Cities - Cutucu project in Ecuador.

"I'm delighted to report that drilling has started at the Tsenken N2 target. The man-portable rig was airlifted to the first drill platform by helicopter last week and drilling started on Sunday," said Dr Keith Barron, the chief executive of Aurania.

READ: Aurania Resources outlines plans for target drilling at flagship Ecuador project

"The light-weight rig has the capacity to drill to 800m (2,400 feet) so that each drill hole can test both cylindrical porphyry targets as well as enclosing sheet-like sedimentary-hosted copper-silver targets."

The firm's flagship asset sits in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range.

In a quarterly update last month, the group said drilling was planned to start at the Tsenken N2 target and then move to Tsenken N3 at the project, where six targets in the Tsenken area have been defined.

The aim is to test each target with a handful of holes, the group had said.

"The first drill holes are planned to a depth of approximately 400m (1,200 feet). After drilling three to five holes at Tsenken N2, the plan is to move the rig to test the Tsenken N3 target," said Aurania.

Results will be reported as they become available, likely in the latter part of October or early November, it added.

Contact the author at [email protected]

Quick facts: Aurania Resources Ltd

Price: 4.3 CAD

Market: TSX-V
Market Cap: $175.96 m

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Aurania Resources about to get drills turning for the first on their Tsenken...

Aurania Resources (CVE: ARU-OTCQB: AUIAF) Chairman and CEO Dr Keith Barron joined Steve Darling from Proactive Vancouver with news the company has equipment on-site and is preparing to start their maiden drill program at the Tsenken targets. Barron discusses just how big this project is and...

on 09/11/2020

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