Aurania Resources Completes its 2026 Drill Program on the Thormodsdalur Epithermal Gold-Silver Project

01:51 PM EDT, 10/13/2026 (MT Newswires) -- Aurania Resources (ARU.V) completed its 2026 drill program on the Thormodsdalur epithermal gold-silver project in Iceland, it said Tuesday. The company completed eight diamond drill holes totaling 780.7 meters, "with mineralized textures consistent with epithermal gold-silver mineralization observed in every hole", it said. The company said core recovery was at or close to 100% in most cases. Aurania Resources expects assay results in November, subject to laboratory processing times, it added. "Previous drilling programs reported core recoveries of approximately 50% or less, with fine material lost during drilling, particularly in the mineralized zones," said Chief Executive Officer Keith Barron. "We engaged Finland-based Arctic Drilling Company Oy Ltd to use HQ3 diamond drilling to recover a more continuous core sample." The company's shares were last seen unchanged at CA$0.185 on the TSX Venture Exchange.