Aurelius drills 0.7 m of 149 g/t Au at Aureus East
2021-08-10 06:19 ET - News Release
Mr. Mark Ashcroft reports
AURELIUS MINERALS CONTINUES TO INTERSECT HIGH-GRADE GOLD AT AUREUS EAST - 149 G/T GOLD OVER 0.7 METRES
Aurelius Minerals Inc. has released high-grade results from the Aureus East project in Nova Scotia, Canada. The Company is drilling at the Aureus East Project to define a new gold mineral resource and continue expanding upon the success of the Phase 1 program. This release covers 10 holes (3,554m) from our 10,000m Phase 2 drilling campaign.
Highlights from Aureus East drill program
- 0.7m at 149.0 g/t gold, from 329.3m in Hole AE-21-026 (surface drilling, intersected)
- 4.8m at 5.2 g/t gold, from 338.5m in Hole AE-21-027 (surface drilling, intersected)Including 0.8m at 25.5 g/t gold, from 339.4m
- 1.3m at 17.72 g/t gold, from 283.0m in Hole AE-21-024 (underground, intersected)Including 0.6m at 36.8 g/t gold, from 283.7m
- 2.4m at 13.9 g/t gold, from 306.9m in Hole AE-21-024 (underground, intersected)Including 1.0m at 26.1 g/t gold from 306.9m
CEO of Aurelius, Mark Ashcroft, stated, "We are very pleased with the continued success of our drilling program. These results continue to demonstrate the high-grade and continuous nature of the Aureus East Gold Project. The combination of surface and underground drilling continues to validate our thesis that this substantial gold system has been underexplored and misunderstood. We continue to take a systematic approach to our drilling program, and these assay results confirm we are on the right track."
Phase 2 drilling concentrates on discovering new gold horizons and expanding on historically known gold horizons and ones recently identified in Phase 1 drilling. The advanced exploration will focus on a 500m by 500m pocket proximal to the underground openings and utilize two rigs (see Figure 2). The gold horizons at Aureus East are stacked within folded host rocks that gently dip toward the east. The near-surface horizons have been intersected in historical drilling along the trend at least 1.6km to the east with little exploration work laterally and into the limbs of the anticline. Future exploration programs will aim to expand eastward and outward from the hinge of the anticline to grow the volume of rock with gold mineralization (see Figure 3).
"Finding huge nuggets like the one in hole twenty-six fuels our excitement for exploring in Nova Scotia," stated Jeremy Niemi, Vice President Exploration. "Exploring on the flanks of a former gold mine is exciting, and we see incredible opportunity to grow a near-surface gold resource with some serious depth potential. By drilling the under-explored limbs with our surface rig, we can add a lot of volume to the gold system, and our underground rig continues to expand the hinge and find new zones at depth."