As can be appreciated, with mineralization of this magnitude, it will be some time before the full surface extent is truly known and sampled, Aurania says. However, the company is 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. Earliest indications were that we could be dealing with a simple vein system of limited mineral volume,” Dr. Keith Barron, Aurania’s chairman & CEO, commented in a news release.
“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.”
Additional soil sampling has expanded the area in which silver and zinc have been found in the Tiria-Shimpia target area by approximately 120% since soil results were last reported in February.
At the same time, Aurania is running concurrent drill programs at Tsenken N1 and Kuri-Yawi, both of which would give the company exposure to additional discoveries.
Shares of Aurania Resources jumped 5.5% by midday Monday after unveiling the sampling results, giving the junior miner a market capitalization of about C$115.2 million.
