Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) announced in a news release the Peru government granted the first six mineral exploration concessions from the 393 covering approximately 384,000 hectares (Ha) applied for in northern Peru.
"Application for this extensive concession package was made to cover potential extensions of the sedimentary-hosted copper-silver identified over the border in the company's Lost Cities–Cutucu project in Ecuador," the company noted.
The six concessions adjoin the property owned by Hannan Metals and Japan Oil, Gas and Metals in a joint venture. "High-grade copper and silver have been reported by Hannan from the adjacent concession area," the company noted.
Also, Aurania obtained, free of charge, from the Peru government seismic data from the area of the company's new six concessions, generated in the past by various oil companies. Next for Aurania is interpreting that information.
Aurania noted that if all the concessions it applied for are granted, "it will represent the fourth largest landholding in the Republic of Peru."
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