ARU - Research - Aurania Resources Ltd. (ARU:CA) - Initial Results Inform and Refine Direction of Drilling

Initial assay results yield more information than gold. Six drill holes, representing approximately 2,500 meters of drilling, have been completed on the first three of four targets at Yawi. Assay results received for the first four holes indicated no significant gold or silver was intersected. Findings are being used to refine remaining drilling plans. Scout drilling at the Apai epithermal target is expected to follow drilling at Yawi. An updated National Instrument 43-101 technical report reflecting exploration results from the Lost Cities project is expected to be released shortly.Aurania applies for mineral concessions in Peru. Aurania recently applied for mineral concessions in northern Peru. The applications are associated with the company's non-refundable but transferable advance of C$2.4 million to acquire additional mineral property interests disclosed in third quarter 2019 financial reports. We believe the property interests encompass portions of the mineral belt that extend from Ecuador into Peru. Management anticipates that it could take six months or longer for the concessions to be granted.Read More >>