Aurania Finds Lost City of Gold

Aurania and Metron Find Lost City of Gold in Ecuador

Aurania Resources Ltd. (TSXV: ARU) (OTCBQ: AUIAF) (FSE: 20Q) ("Aurania" of the "Company") is pleased to report that through a collaboration with Metron Incorporated ("Metron") of Reston, Virginia, USA, the "lost city" of Logroño de los Caballeros has been found in Ecuador. The site considered to be the ancient gold camp is not on Aurania's concession block, but is downstream, and is exclusively alluvial (placer) gold. No archaeology has been found. Aurania is now on the hunt to find Logroño's source of gold within its Lost Cities - Cutucu Project ("Project") in southeastern Ecuador. The location of Logroño, as inferred by Metron, is supported by a multitude of historical documents as well as geological information collected by Aurania and the increased presence of artisanal miners in the area. Logroño de los Caballeros was one of seven historic mining areas operating during the time of the Spanish conquistadors in the land that became Ecuador. Its geographic location and that of a second site, Sevilla del Oro, have been lost over time. Aurania's Project is partly based, and is named on the premise, that the two lost cities would be within Aurania's large concession package.

Aurania Nuked to 50-Day On Dilution

Another one bombs today on a bad raise.

Update: Aurania Going For It

The all-time high was $5.21, not a closing high. Above that level, I think this should run. Below $5.00 and could be a consolidation before the final breakout in a few weeks or months.

Prior: If the stock has some company specific catalysts ahead, a significant breakout could be underway. There's a gap 11 percent lower at $4.49 that will want to get filled on a broader pullback in the miners.

Aurania Battling for Breakout

If the stock has some company specific catalysts ahead, a significant breakout could be underway. There's a gap 11 percent lower at $4.49 that will want to get filled on a broader pullback in the miners.

Aurania Possible Breakout

I have a horizontal at $4.95, and the high from early 2018 is $5.21 per share. Aurania briefly broke $5.21 today, currently trying to hold the $5.00 area. This is a popular and expensive stock. It trades about 10x to 20x what similar companies trade at, plus it is in Ecuador, no longer a friendly mining jurisdiction. It's expensive for two reasons. One, it is founded by Keith Barron. He found a big deposit in Ecuador in the last bull cycle. Two, he is looking for mines that supplied the Lost Cities of Gold. It doesn't get any more "castle in the sky" than this.

Mianmi Herald: Have these men found a forgotten road to lost Spanish gold mines in Ecuador?

The two mines, Logroño de los Caballeros and Sevilla de Oro, were established around 1562 and abandoned 40 years later after a smallpox epidemic killed the indigenous workforce and the Spaniards came under prolonged attack from local tribes. At one point the conquistadors who owned the mine appealed to the Spanish crown to send African slaves to keep the enterprises alive, but by that point the empire was bankrupt. As the jungle reclaimed the area, the mines themselves were lost to history — last pinpointed on maps in about 1650. Barron’s obsession with the South American mines began almost by chance.