Aurania Resources Ltd. (TSXV:ARU) announced the completion of an airborne geophysical survey at its Ecuador-based Lost Cities – Cutucu project. The survey was completed on budget, and data is now being leveled for analysis and interpretation.
As quoted in the press release:
The final geophysical report will be available in about a month, but notwithstanding, we are mobilizing our field crews to the most conspicuous targets we see in the preliminary data and will be ground-truthing them as soon as practicable.
Keith Barron, CEO of Aurania, commented:
Management’s previous discoveries that include the Fruta Del Norte (“FDN”) gold-silver deposit and the chain of copper porphyry deposits that encompasses San Carlos, Mirador and Panantza in the mineral belt adjacent to Aurania’s concessions, were made through field work and stream sediment sampling without having the benefit of geophysical data at our disposal. Subsequent geophysical surveys showed how conspicuous these deposits can be. If airborne geophysics had been done as a first step, the discovery process is likely to have been accelerated by several years.