AUIAF - Aurania Resources (AUIAF) - Kirus is Starting to Look a Lot Like Tsenken

Encouraging discoveries at Kirus. While Aurania has encountered much success at the Tsenken area of its Lost Cities project which has been reported on during the last several weeks, additional sampling of boulders and outcrop at the Kirus target, located roughly 6 kilometers south of Tsenken, revealed sediment-hosted copper and silver in an area measuring 8 kilometers by 3 kilometers with grades of up to 6.1% copper and 51 grams per tonne of silver. This more than doubles the area over which high-grade copper and silver has been found and, akin to Tsenken, may result in the identification of multiple sedimentary-hosted copper and silver and porphyry copper targets for future drill testing.Evidence is pointing to a cluster of copper porphyries. Both Tsenken and Kirus exhibit evidence of porphyry bodies that represent deeper targets that could be drill-tested later in the exploration program. The area yielding recent samples at Kirus is adjacent to a magnetic feature that initially piqued management's interest in the area and may indicate a cluster of porphyries which additional geophysics work, sampling and drilling could help confirm.Rating remains Outperform. Aurania’s exploration program has already affirmed the rich mineral potential of the Lost Cities project and yielded ample drilling targets. While Aurania is a gold-focused exploration company, the success of its copper exploration program underscores one of several paths for increasing shareholder value. We anticipate the company will provide more details on its scout drilling program at Tsenken when it provides an update on the second quarter later this month.Read More >>