Friday, May 3, 2019
Aurania Resources Ltd. (ARU:CA)
Putting Crunchy Hill Results In Perspective.
Aurania Resources Ltd. is a Canada-based junior mining exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset, The Lost Cities-Cutucu Project, is in southeastern Ecuador in the Province of Morona-Santiago. The company also has several minor projects in Switzerland.
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
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- Scout drilling at Crunchy Hill
nearing completion. Seven bore holes have been completed for a total of 2,600 meters. While minerals collected from the initial drilling confirmed indications of an epithermal gold-silver system, no significant vein systems have been intersected to date. An eighth hole is being drilled with a ninth being considered before moving on to the next target. Therefore, it may be premature to render a final verdict on Crunchy Hill’s potential. - Assay results. Assay results have been received for the first hole, in which 8 meters returned 1.1 grams per tonne of silver and 13.2 meters returned 1.8 grams per tonne of silver but neither returned much in the way of gold. Core sampling has been completed up to and including the si…
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