AOZ Completes Exploration Drilling

advertisement
Aurania Completes Initial Exploration Drilling on Swiss Properties
Toronto, Ontario–(November 15, 2013) – Aurania Resources Ltd. (TSXV: AOZ) (“Aurania” ) is pleased to
report that it has completed its initial exploration drill programs on the Mont Chemin gold and Siviez
uranium-copper-gold properties, consisting of 1390.3 meters of drilling in 12 holes. Geonor Servicios
Tecnicos S.L. of Galicia, Spain was contracted for the drilling. The drilling on Mont Chemin consisted of
1390.3 metres in 12 holes and at Siviez of 622.9 metres in 4 holes.
On the Mont Chemin gold project, the holes tested a number of surface gold showings including the
Goilly Vein (where grades of up to 40.7 g/t gold were returned from trenching), gold showings at the
Scheelite, Crevace, and Vouillamoz pit areas, as well as a number of geophysics anomalies. Samples
from the drilling are presently at ALS Chemex’s laboratory in Ireland and results are expected shortly.
Upon completion of the Mont Chemin drilling, the diamond drill was mobilized to the Siviez uraniumcopper-gold project to complete an initial four holes. This decision was based on the availability of the
drill, the minimal mobilization cost, and road access to the northern-most part of the large Siviez
property. The holes were selected to better understand the structural geology with the goal of
improving target selection for the more significant drill program planned for 2014. Of note, the Siviez
property has uranium-copper mineralization exposed along more than a 6 km strike length. The
mineralization straddles the contact between the Nendaz Series, a Permo-Carboniferous unit of
greenschist metamorphosed fluvial to fluvial-deltaic sediments, and the Siviez Series, a complex of
predominantly banded metamorphosed mafic volcanic rocks. Uranium mineralization observed in
outcrop at Siviez consists of disseminations, pods, and swarms of small veins of pitchblende and
coffinite, together with pyrite and ubiquitous copper sulphides (chalcopyrite, tetrahedrite, chalcocite,
covellite), as well as secondary copper carbonates (azurite and malachite). Native gold has been
identified, but its distribution at Siviez is as yet unclear.
Dr. Keith Barron, Chairman and CEO reports “We are pleased that the drilling was completed within
budget and achieved the objectives of the initial exploration drilling on our Swiss projects. We continue
to be cognizant of the tight capital market conditions and are using our cash wisely. We have been
examining and evaluating a number of business opportunities and gold-silver property submittals over
the last several months, as industry conditions are creating opportunities for companies with even a
modest cash position.”
The technical information contained in this news release has been verified and approved by Aurania’s
Chief Geologist, Jean-Paul Pallier, a ‘qualified person’ for the purpose of National Instrument 43-101,
Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.
For further information please contact:
Dr. Keith Barron
President and CEO
Tel: 416 367-3200
E: keith@auraniaresources.com
Donna McLean
CFO
Tel: 416 367-3200
E: donna@auraniaresources.com
CAUTIONARY STATEMENT: Neither the TSXV nor its Regulation Services Provider (as that term is defined
in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. This news
release contains forward-looking information which is not comprised of historical facts. Forward-looking
information involves risks, uncertainties and other factors that could cause actual events, results,
performance, prospects and opportunities to differ materially from those expressed or implied by such
forward-looking information. Forward looking information in this news release includes, but is not
limited to, Aurania’s objectives, goals or future plans, potential mineralization, exploration and mine
development plans, timing of the commencement of operations, estimates of market conditions and the
estimated timing and cost of the exploration of the Mont Chemin, Marécottes and Siviez projects.
Factors that could cause actual results to differ materially from such forward-looking information
include, but are not limited to failure to convert estimated mineral resources to reserves, capital and
operating costs varying significantly from estimates, the preliminary nature of metallurgical test results,
delays in obtaining of failures to obtain required governmental, environmental or other project
approvals, political risks, uncertainties relating to the availability and costs of financing needed in the
future, changes in equity markets, changes in exchange rates, fluctuations in commodity prices, delays
in the developments of the company’s projects and those risks set out in Aurania’s public documents
filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the
forward-looking information in this news release are reasonable, reliance should not be placed on such
information, which only applies as of the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation
to update or revise any forward-looking information, whether as a result of new information, future
events or otherwise, other than as required by law.
Download