Aurania Resources Ltd. reported that review of drill core shows that the fault system which links the Tsenken target with the Tiria-Shimpia target, moved periodically throughout the development of the sedimentary basin, providing a pumping mechanism for metal-bearing fluids that deposited sediment-hosted zinc-silver at Tiria-Shimpia and copper-silver at Tsenken. Further scout drilling at Tsenken N1 is focusing on sediment-hosted copper-silver adjacent to this fault system that extends 45 kilometres from the copper area in the south to the zinc zone in the north in the central part of the Company's Lost Cities Cutucu Project (Project) in southeastern Ecuador. Five drill holes have been completed at Tsenken N1 and hole 6 is underway the objective being to explore the same sedimentary layer in the Tsenken area that contains zinc-silver in the Tiria-Shimpia area.

Five drill holes, for a total of 2,184 metres (m), have been drilled in the Tsenken N1 target area and hole 6 is underway. The sedimentary layers targeted in hole 6 have been elevated to within a few hundred metres of surface, by faults that are known to have provided pathways for the metal-bearing fluids. Drill results received to date are not economically significant but do show a clear trend with contained copper increasing towards the east: drill hole TSN1-002 the westernmost - having no copper, hole TSN1-001 having 0.23% over 1m and hole TSN1-003 the easternmost having two mineralized zones; the upper sedimentary layer with 1m at 0.47% copper and the lower with 0.15% copper over 2.6m.

Observations from the drill core show that the fault system was active at the time of accumulation of the red-beds in the Tsenken area and field mapping and satellite imagery show that this fault system extends into the Tiria-Shimpia area where it is linked with zinc-silver mineralization. Holes TSN1-004 and TSN1-005 were collared further north, closer to Tiria-Shimpia and results will be reported when available.