ARU Take over Bid price per shareWhat is the possible price per share when ARU confirm's 20m oz to 40m 0z Gold when we see the 43-101 release?.
AURELIAN HAS THE ROSETTA STONE
– CONDOR GOLD BELT HAS 20M oz to
40M oz POTENTIAL
https://www.pifinancialcorp.com/email/aru-apr23-07.pdf
----------------------------------------------------
Lastest Drill Results
Aurelian drills 172 m of 7.71 g/t Au at Fruta Del Norte
2007-07-18 09:46 ET - News Release
Shares issued 133,242,460
ARU Close 2007-07-17 C$ 7.44
Mr. Patrick Anderson reports
AURELIAN INTERSECTS 172.70 METRES GRADING 7.71 G/T OF GOLD IN INFILL DRILLING AND 158.64 METRES GRADING 8.13 G/T OF GOLD AT THE EASTERN EDGE OF FDN
Aurelian Resources Inc. has received results from 10 additional drill holes from the buried epithermal gold-silver discovery at Fruta Del Norte (FDN) on its wholly owned Condor project in southeastern Ecuador. These include 172.7 metres grading 7.71 grams per tonne of gold and 8.2 g/t of silver in infill drill hole CP-07-130 and 158.64 metres grading 8.13 g/t Au and 11.3 g/t Ag in CP-07-126 at the eastern edge of the deposit. The drill holes are from sections 9583300N and 9583200N respectively.
"We've had good success in this most recent round of drilling. The results confirm the geometry and grade of known zones of FDN, while also adding new mineralization at depth and to the east," says Patrick F.N. Anderson, Aurelian's president and chief executive officer. "Drilling is now complete for the inferred resource estimate and once all the assays are in from the lab, our independent engineers, Micon International, will finalize their interpretation."
Mr. Anderson adds: "Drilling will continue at FDN as we build on the initial resource by targeting open areas of the deposit to the south, north and east. Meanwhile, a separate regional exploration team is continuing to drill at the El Tigre gold target and preparing other gold targets for drilling along strike from FDN."
A table containing more complete intercepts from the 10 drill holes is found in the table of drill results while maps, cross-sections, photos and full gold and silver assay data from this and previous press releases may be viewed at the company's website.
FDN results
Results are summarized in the tables of drill results. Intervals containing high-grade assays have also been recalculated using a top cut of 105 g/t of gold.
DRILL RESULTS
UNCUT DATA
Cross Drill From To Interval
-section hole (metres) (metres) (metres) Au g/t Ag g/t
9582700N CP-07-117 358.10 388.88 30.78 1.02 6.2
CP-07-117 397.88 589.44 (EOH) 191.56 1.84 11.9
CP-07-124 376.00 502.00 126.00 1.72 5.0
CP-07-124 513.64 538.00 24.36 2.70 6.1
CP-07-124 547.00 557.60 10.60 15.86 6.3
9582900N including 555.20 555.70 0.50 311.00 84.2
CP-07-124 563.71 611.00 47.29 15.19 12.6
including 563.71 564.85 1.14 59.90 70.6
and 591.20 591.60 0.40 1535.00 643.0
CP-07-124 619.00 625.50 (EOH) 6.50 5.05 59.0
CP-07-126 215.00 373.64 158.64 8.13 11.3
including 235.00 247.10 12.10 14.51 15.3
9583200N and 341.47 344.62 3.15 256.81 208.6
CP-07-126 566.12 568.12 2.00 22.40 19.2
CP-07-127 369.00 374.00 5.00 1.03 3.0
9583300N CP-07-130 250.00 422.70 172.70 7.71 8.2
including 252.00 293.40 41.40 22.32 11.2
CP-07-128A 425.80 503.80 78.00 2.73 31.8
9583400N including 453.10 489.10 36.00 4.68 49.6
CP-07-128A 551.60 595.40 43.80 0.96 21.3
9583500N CP-07-121 443.50 448.15 4.65 1.02 2.1
CP-07-120 150.70 423.50 272.80 5.79 8.0
including 239.79 256.80 17.01 11.18 9.8
9583600N and 269.35 308.60 39.25 8.06 8.0
and 318.50 332.05 13.55 21.26 17.9
and 356.50 368.00 11.50 22.88 15.1
9583700N CP-07-123 No significant intercepts
9583900N CP-07-122 No significant intercepts
Note: intervals are calculated using a lower cut of 0.5 g/t Au and no top
cut, they include a maximum of five metres internal waste.
INTERVALS WITH A TOP CUT OF 105 G/T AU
Cross Drill From To Interval
-section hole (metres) (metres) (metres) Au g/t Ag g/t
9582900N CP-07-124 547.00 557.60 10.60 6.14 6.3
CP-07-124 563.71 611.00 47.29 3.10 12.6
9583200N CP-07-126 215.00 373.64 158.64 4.75 11.3
9583300N CP-07-130 250.00 422.70 172.70 7.53 8.2
Note: intervals are calculated using a lower cut of 0.5 g/t Au and a 105
g/t Au top cut, they include a maximum of five metres internal waste.
CP-07-117 (azimuth 095/dip minus 65) was drilled on Section 9582700N to test the south-southeast trend of the system toward the Bonza-Las Penas epithermal deposit 500 metres farther south. The drill hole intersected quartz sinter buried below the Suarez formation sediments at 350 metres before drilling into a well-developed epithermal stockwork assaying 30.78 metres at 1.02 g/t Au and 6.2 g/t Ag, followed by 191.56 metres at 1.84 g/t Au and 11.9 g/t Ag to end of hole at 589.44 metres.
On Section 9582900N, infill drill hole CP-07-124 (azimuth 95/dip minus 62) intersected epithermal stockwork veining and narrow veins. The initial zone of stockwork was a 126-metre interval assaying 1.72 g/t Au, followed at depth by less intense stockwork and narrow veins, but containing some significant visible gold. Assays from this zone include 0.4 metre grading 1,535 g/t Au and 643 g/t Ag from stockwork veining and 0.5 metre grading 311 g/t Au and 84.2 g/t Ag and 1.14 metres grading 59.9 g/t Au and 70.6 g/t Ag from narrow-banded epithermal veins.
Two holes have been completed on Section 9583200N, with CP-07-126 (azimuth 90/dip minus 58) intersecting a zone of intense epithermal mineralization at 215 metres below the Suarez formation sediments. Mineralization weakened downhole but still returned 158.64 metres at 8.13 g/t Au and 11.3 g/t Ag, including 12.1 metres at 14.51 g/t Au and 15.3 g/t Ag and a narrow high-grade vein assaying 3.15 metres at 256.81 g/t Au and 208.6 g/t Ag. The intercept is east of previously released drill holes on this section.
Farther east again, drill hole CP-07-127 (azimuth 90/dip minus 58) intersected only weak mineralization, with best assays of five metres at 1.03 g/t Au and three g/t Ag.
CP-07-130 (azimuth 88/dip minus 54) was drilled as an infill hole on Section 9583300N but was also angled to test the eastern extent of the system. The hole intersected very intense stockwork veining, returning 172.7 metres at 7.71 g/t Au and 8.2 g/t Ag, with the upper part including an interval assaying 41.4 metres at 22.32 g/t Au and 11.2 g/t Ag.
Farther north on Section 9583400N, hole CP-07-128A (azimuth 100/dip minus 61) was completed to test the system at depth. The hole successfully intersected epithermal stockwork veining below previous drilling. The best interval assayed 78 metres at 2.73 g/t Au and 31.8 g/t Ag which includes 36 metres at 4.68 g/t Au and 49.6 g/t Ag.
From the same drill platform drill hole CP-07-121 was angled north (azimuth 76/dip minus 66) to test the system at depth on Section 9583500N. The hole dropped significantly from the collar orientation, resulting in the hole intersecting the system below where it is truncated by the west fault. The best intercept returned was 4.65 metres at 1.02 g/t Au and 2.1 g/t Ag.
A scissor hole CP-07-120 (azimuth 270/dip minus 75) was completed on Section 9583600N and was designed to help define where the system intersects the west fault. The drill hole intersected the top of the mineralized FDN block at 150.7 metres downhole and stayed in mineralization until hitting the west fault at 423.5 metres, the interval assaying 272.8 metres at 5.79 g/t Au and eight g/t Ag.
Two holes were completed at the north end of the FDN deposit to close off the system to the east for the upcoming resource modelling. Holes CP-07-123 (azimuth 91/dip minus 50) and CP-07-122 (azimuth 90/dip minus 50) were drilled on sections 9583700N and 9583900N respectively. Both holes intersected only weak, low-grade mineralization without significant assays, as anticipated.
Results from 74 diamond drill holes have been released for the FDN prospect to date. Further drill results will be released as analytical data are received, validated and compiled.
The FDN target is interpreted to be an intermediate sulphidation epithermal gold-silver system. The deposit is buried by dominantly postmineralization basin infill sediments (Suarez formation) of Jurassic age within a pull-apart basin. The hydrothermal system is characterized by a combination of multiphase quartz-carbonate-sulphide stockwork veining and hydrothermal brecciation within intensely silicified andesitic volcanic rocks that underlie the basin.
Drilling at the FDN deposit has outlined a mineralized envelope that is traceable continuously for over 1,200 metres along strike, exceeds 100 metres in width through the central and southern portions, dips moderately westward through to vertical and has a vertical extent of over 250 metres. Drill holes intersect this envelope at an angle and therefore drill hole intercept widths reported in this press release are not true widths.
Stephen Leary, MAusIMM, Aurelian's exploration manager, is acting as qualified person in compliance with National Instrument 43-101 with respect to this release. He has reviewed the contents for accuracy.
We seek Safe Harbor.