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Toronto, Ontario–(Newsfile Corp. – February 17, 2021) – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") reports that the first six mineral exploration concessions have been granted from the 393 covering approximately 384,000 hectares ("Ha") applied for in northern Peru. Application for this extensive concession package was made to cover potential extensions of the sedimentary-hosted copper-silver identified over the border in the Company’s Lost Cities – Cutucu Project in southeastern Ecuador. Location of the Granted Concessions The first concessions granted form part of a larger block that adjoins the joint venture ("JV") between Hannan Metals Limited ("Hannan") and Japan Oil, Gas and Metals National Corporation ("JOGMEC") (Figure 1). High-grade copper and silver have been reported by Hannan from the adjacent concession area as shown in Figure 1. The concession blocks that Aurania has applied for in Peru cover the contact between red-beds (oxidized sandstone) and carbon-bearing rocks that, due to their chemically reductive nature, form prime trap-sites for copper. Publicly available seismic data acquired by various oil companies that previously explored the area of Aurania’s concessions has been secured by Aurania, at no cost, from the Peruvian government. The location of the seismic lines […]
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