Aurania Resources Ltd. reported that diamond drilling of the Kuri-Yawi target is well underway and proceeding as planned in the Company's Lost Cities - Cutucu Project ("Project") in southeastern Ecuador. The drill hole, inclined at 60° is still a significant distance away from the MobileMT target, however epithermal-type veining has been encountered in brecciated lava in the upper part of the hole. The target is about 1.1 kilometres from siliceous sinter outcrop and 200 metres from geochemical anomalies of pathfinder elements (arsenic, antimony, selenium, thallium, mercury and silver) at surface. The target at depth is a strong conductor, which may be a zone of sulphide, capped by a strong resistor, which itself may be a zone of silica-flooding. The epithermal-type veining encountered in brecciated basalt contains significant amounts of black "pyrobitumen", which is a pseudo-mineral composed of carbon and derived from hydrocarbon (crude petroleum or related substances). The pyrobitumen lies as colloform layers within the veins with pyrite/marcasite, quartz, sphalerite and carbonate also in bands. The heliborne MobileMT survey is now completed and is being interpreted. The MobileMT survey was undertaken by MPX Geophysics Ltd. in association with Expert Geophysics Limited, both of Toronto, Canada.