Aurania Resources (TSXV: ARU) (“Aurania” or the “Company”) reports that stream sediment results and rock textures found in initial field exploration have identified the first epithermal target – the “Latorre” target – on Aurania’s wholly-owned Lost Cities – Cutucu Project (“Project”) in southeastern Ecuador. Epithermal systems are the prime target for gold-silver deposits in the Project area.
Pathfinder elements, which refers to metals and other elements that typically occur around or above mineral deposits, have been found in high concentrations in stream silt samples in the Latorre target area. These pathfinder elements have comparable concentrations to those that led to the 2006 discovery of the Fruta del Norte (“FDN”) gold-silver deposit 110 kilometres (“km”) along geological trend.
Aurania’s CEO, Dr. Keith Barron commented:
“Aurania’s Latorre West target contains elevated levels of pathfinder elements, as well as blocks of chalcedonic silica, very similar to those that originally defined the FDN target.
The Latorre East target has high concentrations of zinc in stream sediment samples and we’re waiting on assay results from rock chip samples from nearby outcrops to determine the significance of that mineralization.”