Home » Internet » Aurania confirms new discovery that extends Tiria-Shimpia to 22 km
Aurania confirms new discovery that extends Tiria-Shimpia to 22 km Posted by PublisherInternet Friday, 30. April 2021
Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (?Aurania? or the ?Company? – https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/) reports on the discovery of Shimpia North, an area in which elevated metal values have been found in streams draining a ridge that is seven kilometres (?km?) long.? Shimpia North is an extension to the high-grade silver-zinc-lead mineralization at Tiria-Shimpia in the Company?s Lost Cities ? Cutucu Project (?Project?) in southeastern Ecuador.? Shimpia North extends the Tiria-Shimpia target from 15 km to a total length of 22 km.?
Elevated metal values were found in streams draining a ridge that is 7km long Aurania has now begun selecting drill sites at the Tiria-Shimpia target area and expects to begin drilling this quarter
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 7 km long.
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.
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Aurania Resources Ltd.: Aurania Confirms New Discovery That Extends Tiria-Shimpia to 22 Km
Toronto, Ontario (Newsfile Corp. - April 30, 2021) -
Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ( Aurania or the Company ) reports on the discovery of Shimpia North, an area in which elevated metal values have been found in streams draining a ridge that is seven kilometres ( km ) long. Shimpia North is an extension to the high-grade silver-zinc-lead mineralization at Tiria-Shimpia in the Company s Lost Cities - Cutucu Project ( Project ) in southeastern Ecuador. Shimpia North extends the Tiria-Shimpia target from 15 km to a total length of 22 km.
Outcropping mineralization in the first reconnaissance exploration in this new area gave a grade of 40 grams per tonne ( g/t ) silver in an extensively weathered gossan (iron-rich residue that remains after intense weathering of sulphide-rich rock) and, among other samples, a boulder of barite in a stream returned 19g/t silver,