Aurania Resources Ltd.

Description

Aurania Resources Ltd. is a mineral mining and exploration company interested in precious metal (gold and silver) and base metal (copper, zinc, and lead) projects.
The Toronto based metal mining company owns a 100 per cent stake in the Lost Cities - Cutucu Project. The flagship project of the company is situated in southeast Ecuador, Morona Santiago. The geological structure of the project follows the trend of nearby FDN (Fruta del Norte) mines and copper porphyries.
The Lost Cities project comprises 42 mineral claims covering a total area of approximately 208 thousand hectares in the central Cordillera de Cutucu. The project epithermal gold and sedimentary hosted copper-silver mineralization.
Currently, the company is engaged in conducting exploration and drilling activities at the Lost Cities – Cutucu Project with a focus on the following target areas:
• Tsenken N1 - Aurania completed three drill holes up to 1,564 metres which indicate the presence of intense red bed copper mineralization towards the east.
• Tiria Shimpa - The results of the drilling operation at the target area shows the presence of gallium and indium - a substitute for zinc and zinc sulphide ores – in the form of rock chips.
• Kawi Yawi - The company conducted two drill holes up to 1,948 metres which indicate epithermal and pyrobitumen structure.
Aurania Resources expected this mineralization to stretch over to northern Peru. Consequently, it applied for mining project in the area.
The company manages its mining business in line with ESG practices with the help of two subsidiary companies- EcuaSolidus S.A., in Ecuador and Sociedad Minera Vicus Exploraciones S.A.C., in Peru.
In conjunction with proper business conduct, Aurania supported the local and provincial government and communities to fight the COVID-19 battle by educating people about the coronavirus and how to mitigate its spread, Humanitarian aid and food deliveries.
Aurania Resources trades on the TSX Venture Exchange in Canada and the Frankfurt Stock Exchange (FSE) in Germany.