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Aurania Resources unveils sampling results from 15km long Tiria-Shimpia target at Ecuador project

Aurania Resources Ltd (CVE:ARU) (OTCMKTS:AUIAF) (FRA:20Q) told investors that the Tiria-Shimpia silver-zinc zone at its flagship Lost Cities – Cutucu project in Ecuador was “shaping up” to be the company’s first discovery as it reported on first channel rock-chip sampling from the area.  Seven mineralized layers have been identified, one of which is 50 metres (m) thick, at Tiria-Shimpia, which is a target over 15km long.  Highlight sampling results include intensely mineralized layers within dolomite, which returned grades of 2m at 12 grams per ton (g/t) silver and 3.9% zinc and 0.8m of 26 g/t silver and 6.4% zinc. Another area saw two-channel samples spaced 500m apart along a length of 1km carried out, that returned grades of 4m at 21 g/t silver and 9.3% zinc, and 1m at 8 g/t silver and 4.8% zinc. READ: Aurania Resources finds black “pyrobitumen” through drilling at Kuri-Yawi target at Lost Cities- Cutucu project Aurania said the target contains high-grade mineralization, and the next ‘logical’ step would be to demonstrate the continuity of the mineralization by channel sampling outcrops where bedrock is exposed at surface on the jungle floor. The company also revealed it was already making plans to diamond drill several key exposures in the near term. “Shareholders will be aware that we have been working on Tiria-Shimpia for some time now,” CEO Dr. Keith Barron said in a statement. “Earliest indications were that we could be dealing with a simple vein system of limited mineral volume. We are now very much aware that we are dealing with a different beast: we have traced it along trend for over 15 kilometres, and we’re starting to demonstrate continuity between one exposure and the next, Tiria-Shimpia is shaping up to be Aurania’s first discovery.” Barron noted that while Tiria- Shimpia was evolving, the company was running concurrent drill programs at Tsenken N1 and Kuri-Yawi, both of which have the potential for additional discoveries. At Tsenken N1, the first drill has now been completed to a depth of 722m and assay results are awaited. At Kuri-Yawi, drilling is underway, with a second rig that can drill to around 1,200m, Aurania said. Following the update, Noble Capital Research noted that Aurania was fully funded for the remainder of 2021 and its exploration has yielded a “plethora of drilling targets for a variety of metals” and could make “multiple discoveries” in its large concession package. It rated the shares ‘Outperform’. Shares in Aurania added 4.26% in Canada to C$2.45 each. —-Updates for share price— Contact the author at giles@proactiveinvestors.com

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