Aurelius Minerals Inc V.AUL.H

news ! 49.4 g/t Gold over 0.65m, 40.3 g/t Gold over 0.65m

[knoxt]

Aurelius Intersects High-Grade Gold at Aureus East - Highlighted by 49.4 g/t Gold over 0.65m, 40.3 g/t Gold over 0.65m and 11.1 g/t over 1.0m

 

25 Jan 202206:01 ET

Newsfile Corp

 

Highlights from Aureus East surface drilling include:

Hole AE-21-040

• 0.65m at 40.3 grams per tonne gold, ("g/t"), from 160.0 metres ("m");
• 1.0m at 11.1 g/t gold from 236.0m;
• 0.75m at 12.2 g/t gold from 248.75m; and,
• 0.9m at 11.0 g/t gold from 268.25m.

Hole AE-21-041

• 1.65m at 19.8 g/t gold from 207.50m,
  • including 0.65m at 49.4 g/t gold from 208.5m

Toronto, Ontario--(Newsfile Corp. - January 25, 2022) - Aurelius Minerals Inc. (TSXV: AUL) (OTCQB: AURQF) (the "Company" or "Aurelius") is pleased to continue to report high-grade results from its flagship Aureus East Gold Project in Nova Scotia, Canada with the release of results from four drill holes. The Company is drilling at the Aureus East Project to define a new gold mineral resource and continues to expand mineralization upon the success of the Phase 1 and Phase 2 program results. The holes reported today were from four surface pads, focused on expanding mineralization along strike to the east and at depth, resulting in continued identification of previously overlooked gold horizons and an expanding limb system.

Aurelius' President and CEO, Mark N.J. Ashcroft, P.Eng said: "Today's drill results demonstrate the strong continuity along strike, allowing for an expansion of the gold zones, along strike to the east, in width to the south and at depth. Surface holes stepped to the east and south show that the mineralization remains open, intersecting gold at surface to more than 500m below surface. We are encouraged by the continuity, the widths and the grades of our intercepts as we conceptualize the minability of the mineralized system. In our continuing efforts to increase our understanding of the project geology we have consistently encountered high grade gold intersections within a broadly mineralized and substantial gold system. We have completed 49 holes, along with two wedge holes, with a 100% success rate of intersecting mineralization in two phases. We completed, over 12,000m in Phase 2 of our drill program. With Phase 2 drilling at Aureus East now complete, we anticipate further results from the lab over the coming weeks. This will help further delineate the deposit as we work towards our updated resource on Aureus East later this quarter."

Figure 1: Core photo showing visible gold along the quartz/argillite contact in hole AE-21-041 at a depth of 208.65m - 0.65m sample graded 49.4 g/t gold.

To view an enhanced version of Figure 1, please visit:

https://orders.newsfilecorp.com/files/7140/111457_0cb4e10134efa824_002full.jpg.

Figure 2: Core photo showing visible gold along the quartz/argillite contact in hole AE-21-040 at a depth of 160.0m - 0.65m sample graded 40.3 g/t gold.



To view an enhanced version of this graphic, please visit:

https://orders.newsfilecorp.com/files/7140/111457_newfigure2full.jpg

Figure 3: Longitudinal Section of the Aureus East Gold Project, showing drill pad locations on surface and underground.

To view an enhanced version of Figure 3, please visit:

https://orders.newsfilecorp.com/files/7140/111457_0cb4e10134efa824_004full.jpg.

Figure 4: A compilation of images providing a Plan View of the Aureus East Gold Project and surface drill pad locations.

To view an enhanced version of Figure 4, please visit:

https://orders.newsfilecorp.com/files/7140/111457_0cb4e10134efa824_005full.jpg.

Current and Upcoming On-site Activities

Having completed Phase 2 drilling at Aureus East, the near-term focus has shifted to a recently initiated underground channel sampling and mapping program. Aurelius believes there is considerable opportunity to identify continuous mineralization directly adjacent to the existing underground development infrastructure. Channel sampling in the underground drifts, where saddle reefs are exposed, will be the priority in this area. The sampling program will include the walls and floor in multiple gold zones which already contain known gold mineralization. The results will be incorporated into the geological interpretation of the gold zones as part of the upcoming mineral resource estimate for Aureus East. Nordmin Engineering has been retained to prepare the mineral resource estimate which is expected later in the first quarter of 2022.

Figure 5: Geo-technician conducting channel sampling of the visible limbs in the floor and walls of the drift at the 940 Level, underground at the Aureus East Gold Project.

To view an enhanced version of Figure 5, please visit:

https://orders.newsfilecorp.com/files/7140/111457_0cb4e10134efa824_006full.jpg.

Figure 6: Channel sampling of the visible limbs in the floor of the drift at the 940 Level, underground at the Aureus East Gold Project.

To view an enhanced version of Figure 6, please visit:

https://orders.newsfilecorp.com/files/7140/111457_0cb4e10134efa824_007full.jpg.

Aurelius is awaiting assays from six holes totaling 712.85 metres from both underground and surface holes. With the current backlog of assays at the lab, Aurelius anticipates receiving these results over the next several weeks.

Table 1. Gold intersections from Aureus East underground holes

Pad	Drillhole	From	To	Length	Au g/t
S4	AE-21-040	74.00	74.80	0.80	0.80
S4	AE-21-040	160.00	160.65	0.65	40.3
S4	AE-21-040	189.00	192.30	3.30	2.49
S4	including	190.45	191.30	0.85	6.08
S4	AE-21-040	200.75	201.55	0.80	2.79
S4	AE-21-040	208.60	210.80	2.20	1.64
S4	AE-21-040	236.00	237.00	1.00	11.1
S4	AE-21-040	248.75	249.50	0.75	12.2
S4	AE-21-040	268.25	270.00	1.75	6.18
S4	including	268.25	269.15	0.90	11.0
S4	AE-21-040	285.15	290.00	4.85	1.52
S4	including	288.35	289.35	1.00	4.43
S4	AE-21-040	344.15	345.65	1.50	2.55
S4	including	345.00	345.65	0.65	5.35
S4	AE-21-040	353.00	355.40	2.40	0.69
S4	AE-21-040	367.75	371.65	3.90	1.27
S4	AE-21-040	441.40	442.90	1.50	1.30
S4	AE-21-040	444.50	445.20	0.70	1.66
S4	AE-21-040	451.80	454.20	2.40	4.55
S4	AE-21-040	471.30	471.95	0.65	7.50
S4	AE-21-040	477.35	478.20	0.85	0.96
S4	AE-21-040	480.85	481.60	0.75	1.59
S4	AE-21-040	561.40	563.00	1.60	2.24
S4	AE-21-040	568.55	571.00	2.45	1.29
S5	AE-21-041	40.30	41.30	1.00	0.52
S5	AE-21-041	50.70	51.55	0.85	0.92
S5	AE-21-041	73.50	74.20	0.70	1.24
S5	AE-21-041	79.25	80.00	0.75	0.65
S5	AE-21-041	90.50	91.10	0.60	0.69
S5	AE-21-041	91.65	92.70	1.05	0.67
S5	AE-21-041	102.75	103.40	0.65	1.72
S5	AE-21-041	150.50	152.05	1.55	1.64
S5	AE-21-041	183.00	188.55	5.55	0.89
S5	AE-21-041	207.50	209.15	1.65	19.8
S5	including	208.50	209.15	0.65	49.4
S5	AE-21-041	220.45	221.30	0.85	4.89
S5	AE-21-041	224.55	226.00	1.45	0.49
S6	AE-21-042	33.00	34.60	1.60	4.77
S6	including	33.00	33.70	0.70	10.3
S6	AE-21-042	162.45	163.35	0.90	1.13
S6	AE-21-042	193.85	194.80	0.95	0.89
S6	AE-21-042	210.10	212.80	2.70	3.11
S6	including	210.10	211.10	1.00	7.52
S6	AE-21-042	221.75	222.50	0.75	3.43
S6	AE-21-042	257.60	258.40	0.80	0.62
S6	AE-21-042	264.60	265.45	0.85	0.92
S6	AE-21-042	293.00	293.70	0.70	0.51
S6	AE-21-042	294.45	295.30	0.85	0.59
S6	AE-21-042	346.00	347.00	1.00	0.54
S6	AE-21-042	356.70	357.65	0.95	0.85
S6	AE-21-042	370.00	371.00	1.00	7.03
S6	AE-21-042	425.00	426.00	1.00	0.72
S6	AE-21-042	461.85	462.60	0.75	3.97
S6	AE-21-042	481.00	482.00	1.00	1.13
S6	AE-21-042	526.45	527.35	0.90	0.57
S7	AE-21-043	45.40	46.00	0.60	0.78
S7	AE-21-043	47.50	48.35	0.85	1.20
S7	AE-21-043	135.30	135.80	0.50	2.82
S7	AE-21-043	140.40	141.20	0.80	8.88
S7	AE-21-043	307.00	308.80	1.80	3.12
S7	including	307.00	307.85	0.85	6.09
S7	AE-21-043	335.35	336.00	0.65	1.91
S7	AE-21-043	342.40	344.40	2.00	0.81