Aurelius Minerals Inc V.AUL.H

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Aurelius Initiates Exploration at Tangier and Forest Hill - Discovers Multiple High-Grade Intersections Including 302 g/t Au over 0.43 metres in Historical Drill Core

 

26 Oct 202106:02 ET

Newsfile Corp

 

Toronto, Ontario--(Newsfile Corp. - October 26, 2021) - Aurelius Minerals Inc. (TSXV: AUL) (OTCQB: AURQF) (the "Company" or "Aurelius") is pleased to report high-grade gold results from the Tangier and Forest Hill Projects in Nova Scotia, Canada. The Company recently completed a review of 10 historical, NQ sized drill core, that had been drilled from surface by diamond drill. Five of the holes are from the Tangier project and five holes are from the Forest Hill project. All holes were relogged and comprehensively sampled to identify overlooked gold mineralization. A total of 1,242 samples were taken with 1,220 samples from previously unsampled core and 22 samples from previously assayed core. Core from both projects was pulled from the secure Aurelius exploration facilities at the Tangier and Aureus East project sites.

The Tangier and Forest Hill projects are in the prolific Meguma gold district of Nova Scotia. The Tangier project is located within the historical gold mining community of the same name and is located approximately 65km east of Halifax. The Forest Hill project, also a past gold producer, is approximately 150km east of Halifax and 22km from the town of Sherbrooke (Figure 1).

Highlights from infill sampling programs:

Tangier Project

• 4 of 5 holes sampled revealed significant gold mineralization
• Hole TAN-19-01 (drilled in 2019)
  • Multiple new near surface high grade gold intersections
  • 302 grams per tonne gold, ("g/t Au") over 0.43 metres ("m"), from 37.55m
  • 23.5 g/t Au over 0.31m, from 54.07m
  • 6.49 g/t Au over 0.28m, from 92.6m

• Hole TAN-19-02 (drilled in 2019)
  • 32.9 g/t Au over 0.29m, from 20.35m
• Hole TAN-14-02 (drilled in 2014)
  • 4.66 g/t Au over 0.9m, from 88.0m
  • 9.77 g/t Au over 0.45m, from 89.0m
• Hole TAN14-03 (drilled in 2014)
  • 14.7 g/t Au over 1.0m, from 36.4m

Forest Hill Project

• 3 of 5 holes sampled revealed significant gold mineralization
• Hole FH-18-02
  • 100 g/t Au over 0.3m, from 96.8m

Details for the infill sampling program are included in Tables 1-3 below.

CEO of Aurelius, Mark N.J. Ashcroft, P.Eng stated, "Our reconnaissance exploration work, at both Tangier and Forest Hill, involved significant research into historical data and assessment reports, culminating in a review and the relogging of drill core from both projects, which were located at our secure storage facilities. We are very pleased to again discover unreported gold mineralization, and significant new gold intersections, previously overlooked by the prior operators. As we discovered during our initial reconnaissance exploration of the Aureus East and West projects, the assets acquired in Nova Scotia continue to show significant potential and opportunity as we apply a different methodology in evaluating the projects."