viewAurania Resources Ltd

Aurania Resources confirms the extension of the Tirania-Shimpia target on the Lost CIties-Cutucu gold project in Ecuador

Tiria-Shimpia is “on the short-list” for scout drilling once Aurania’s main program at the Tsenken target is completed

Aurania Resources Ltd -
Soil sampling at the Tiria-Shimpia target defined a large mineralized system that covers around 75 square kilometres

Aurania Resources Ltd (CVE:ARU) (OTCQB:AUIAF) said Friday it had confirmed the extension of a highly prospective silver-gold target over a 15-kilometre length in Ecuador.

Soil sampling at the Tiria-Shimpia target on the company’s Lost Cities-Cutucu project in southeastern Ecuador defined a large mineralized system that covers around 75 square kilometres and is open along trend in an area interpreted to be a porphyry cluster. The silver zone is found in the central part of a larger area of enrichment of lead and zinc, according to the Toronto-based junior.

Tiria-Shimpia is “on the short-list” for scout drilling once Aurania’s main program at the Tsenken target is completed, the company said in a statement.

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

"Tiria-Shimpia is shaping up to be one of many compelling targets in Aurania's portfolio,” Aurania’s CEO Keith Barron said in the statement.

“Soil sampling has defined four main zones of silver enrichment that total 15 kilometres in length. We're excited about this target area because the silver zone lies in the central part of a far larger mineralized system that, itself, lies on the flank of the biggest magnetic feature of our entire geophysical survey.”

Distribution of silver and gold plotted on an image of magnetic data with antimony, selenium, thallium, zinc and naturally-occurring mercury and arsenic shown relative to the fault system in the Tiria-Shimpia target area

Barron said that gold is slightly enriched adjacent to silver in some parts of the mineralized system, and the company will investigate the areas as specific gold-silver targets. Most of the silver occurs with zinc, lead and barium.

“We expect the roots of the mineralization to be a system of veins from which mineralization likely seeped into the layering of the limestone host rock to form flat-lying ‘mantos’,” the CEO added. “Our plan is to refine the targets with additional field work during which time, the scout drilling program for Tiria-Shimpia will be planned."

Tiria-Shimpia displays similarities to the silver-lead-zinc deposits of the Colquijirca district in Peru, which contains the famous Cerro de Pasco deposit that has been mined since 1630.

Aurania plans to initiate soil sampling and grid soil sampling to refine potential extensions at Tiria-Shimpia ahead of any potential drilling program.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: Aurania Resources Ltd

Price: 3.9 CAD

Market: TSX-V
Market Cap: $159.59 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Aurania Resources Ltd named herein, including the promotion by the Company of Aurania Resources Ltd in any Content on the Site, the Company...


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

2 min read