RE: RE: Fruta Del Norte ProjectNew Geological Report on Aurelian's Fruta Del Norte Project Shows Potential for Continued Expansion
Richard Sillitoe, an independent international consultant and one of the world's leading experts on epithermal gold systems, recently carried out a second study of the company's wholly-owned Fruta Del Norte (FDN) gold-silver epithermal deposit in south-eastern Ecuador. The results of his latest visit are summarized in a geological report entitled "Further Comments on Geology and Potential of the Fruta Del Norte Epithermal Gold Deposit, Ecuador". The report is not a 'Technical Report' as defined by NI 43-101.
"The new report provides many useful insights into the origin of the deposit and shows the potential for both continued expansion of FDN and for new discoveries in our surrounding concession areas." says Aurelian President & CEO Patrick F. N. Anderson.
Highlights from the report include:
- Notwithstanding the tendency to splay southwards, the deposit remains open in that direction and requires additional drill fences until the mineralization is fully delimited. Northwards, the deposit appears to be truncated by a northeast-striking fault, considered to be post mineralization in timing, and may have been displaced as a consequence. Hence, another drill fence 100 m farther north is recommended.
- Additional drilling is also needed in an attempt to locate the faulted-off western portion of the deposit, an interpretation that has gained further support from the recent exploration results.
- Two additional exploration targets for Fruta del Norte-type gold deposits occur nearby: a 20-km- long belt south of Fruta del Norte and the preliminarily tested Puente-Princesa prospect on the opposite corner of the fault-bounded basin to Fruta del Norte. By analogy with Fruta del Norte, arsenic and antimony anomalism in conglomerate and associated rock types should provide a reliable vector to underlying gold mineralization, although the linkage may not be as direct as previously assumed.