Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Aurelius Minerals Inc V.AUL.H

Alternate Symbol(s):  AURQF

Aurelius Minerals Inc. is a Canada-based gold exploration company focused on advancing its Aureus Gold Properties, including Aureus East and West, and the Forest Hill Gold Project located in Nova Scotia. The Company also holds a gold project in the Abitibi Greenstone Belt in Ontario, Canada, the 968-hectare Mikwam Property, in the Burntbush area on the Casa Berardi trend. The Aureus East gold property is located in Halifax County, in northeastern Nova Scotia, approximately 140 kilometers (km) northeast of the city of Halifax. The Aureus West gold property is located in Halifax County, in northeastern Nova Scotia, approximately 140 km northeast of the city of Halifax. Forest Hill is located approximately 160 km northeast of the city of Halifax, and 40 km southeast of the town of Antigonish. The Mikwam Property lies in the Harricana-Turgeon belt within the northern portion of the Abitibi greenstone belt of the Superior Province of the Canadian Shield.


TSXV:AUL.H - Post by User

Post by knoxton Feb 22, 2022 7:16am
198 Views
Post# 34449287

news

news

 

ORIGINAL: Aurelius Reports Final Drill Results from Phase 2 Program at Aureus East; Resource Update Expected by Early Q2 2022

 

2022-02-22 06:01 ET - News Release

 

Highlights from Aureus East underground and surface drilling include:

  • Multiple high-grade intersections including 73.4 grams per tonne gold ("g/t Au") over 0.65 metres ("m"), 65.9 g/t Au over 0.95m, 56.2 g/t Au over 0.55m, 46.7 g/t Au over 1.00m and 20.8 g/t Au over 1.60m;
  • 100% of the Phase 2 drill holes successfully intersected gold mineralization;
  • Gold mineralization continues to expand along strike, in width, at depth and remains open in all directions; and
  • With Phase 2 drilling and assay results complete at Aureus East, an updated mineral resource estimate is expected by April 2022.

Toronto, Ontario--(Newsfile Corp. - February 22, 2022) - Aurelius Minerals Inc. (TSXV: AUL) (OTCQB: AURQF) (the "Company" or "Aurelius") is pleased to report the final of high-grade results from its flagship Aureus East Gold Project in Nova Scotia, Canada from six drill holes and two wedge holes. The Company is drilling at the Aureus East Project to define a new gold mineral resource (expected early in the second quarter) and continues to expand mineralization upon the success of the Phase 1 and Phase 2 program results. The results reported today were from four underground holes, two surface holes and two wedge holes. Mineralization was expanded into the limb system, laterally to the north and south and at depth, resulting in continued identification of previously overlooked gold horizons.

Aurelius' President and CEO, Mark N.J. Ashcroft, P.Eng said, "We are extremely excited by the grades and lengths we are seeing in our assays, as they continue to demonstrate the potential to expand mineralization beyond what was originally thought as our interpretation of the geology continues to evolve. Today's drill results demonstrate the strong continuity along strike, allowing for an expansion of the gold zones to the east, laterally to the north and south and at depth. I am very pleased with the success achieved by our exploration team."

Aurelius' Vice President, Exploration, Jeremy Niemi, P.Geo, stated, "Based on our success in Hole AE-21-48, we added two wedge holes from that parent hole, which allowed us to save re-drilling from the top of the hole and to target mineralization below 400m depth. Utilizing wedging saves on metres for deeper targets and adds value to the program, while enhancing our interpretation of the lower portions of the deposit. Step-outs from wedges refine our understanding in the newly drilled area and enhance our interpretation of the resource model. Limbs of the gold horizons have expanded to the north and south of the saddle, which occurs along the axis of the anticline controlling the gold mineralization."

"Gold mineralization continues to expand at depth and remains open. In the first two phases of our program, we completed 49 holes, along with two wedge holes, with a 100% success rate of intersecting mineralization. In Phase 2 of our drill program, we completed more than 12,000m of drilling and with all of these drill results from Aureus East now back from the lab, we anticipate the final interpretation of results and their incorporation into the updated mineral resource estimate within the next six to eight weeks."

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/7140/114395_c455f385d4bf1a8e_002.jpg

Figure 1: Core photo showing multiple occurrences of visible gold in drill core from AE-21-047 at a depth of 176.70m - 0.8m sample graded 19.4 g/t Au.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7140/114395_c455f385d4bf1a8e_002full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/7140/114395_c455f385d4bf1a8e_003.jpg

Figure 2. Longitudinal section of the Aureus East Gold Project, showing released holes and pad locations, and highlights of intersections exceeding >20 g/t Au.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/7140/114395_c455f385d4bf1a8e_003full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/7140/114395_c455f385d4bf1a8e_004.jpg

Figure 3. Plan view of Aureus East Gold Project surface infrastructure and pad locations over compiled drone imagery from 2021.

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/7140/114395_c455f385d4bf1a8e_004full.jpg

 

Update on 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 includes the walls and floor in multiple gold zones, which already contain known gold mineralization, and its 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 updated mineral resource estimate, expected by early in the second quarter of 2022.

Regarding the Aureus East Project, the Ministry of Environment and Climate Change has directed the Company that it will require the completion of a Class 1 environmental assessment ("Class 1 EA") to review the proposed reopening, and expansion, of the Aureus East Gold Project. The Company will engage in the process of completing the Class 1 EA in conjunction with the release of the updated mineral resource estimate and a preliminary economic assessment.

Table 1. Highlights from remaining holes of Phase 2 drill program at Aureus East.

Pad Hole ID From (m) To (m) Length (m) Au g/t
S8 AE-21-045 333.95 334.70 0.75 4.01
S8 AE-21-045 427.60 428.40 0.80 5.38
           
S9 AE-21-048 207.85 208.80 0.95 10.5
S9 AE-21-048 403.20 404.10 0.90 37.5
S9 AE-21-048 494.30 495.65 1.35 9.67
S9 including 495.10 495.65 0.55 21.3
           
W AE-21-048W1 441.50 442.00 0.50 10.6
           
W AE-21-048W2 481.55 484.40 2.85 5.40
W including 483.60 484.40 0.80 17.2
W AE-21-048W2 505.75 506.65 0.90 27.9
           
UG3 AE-21-044 22.00 38.00 16.00 2.01
UG3 including 22.00 22.50 0.50 28.8
UG3 AE-21-044 177.75 190.00 12.25 3.41
UG3 including 177.75 183.00 5.25 6.97
UG3 including 177.75 179.35 1.60 20.8
UG3 AE-21-044 205.45 207.30 1.85 34.2
UG3 including 205.45 206.40 0.95 65.9
           
UG3 AE-21-047 32.10 34.75 2.65 18.4
UG3 including 32.10 33.10 1.00 46.7
UG3 AE-21-047 254.50 266.45 11.95 2.07
UG3 including 254.50 258.20 3.70 4.92
UG3 including 257.25 258.20 0.95 17.1
           
UG3 AE-21-049 176.70 232.90 56.20 1.53
UG3 including 176.70 198.00 21.30 3.49
UG3 including 176.70 177.50 0.80 34.6
UG3 including 179.20 187.00 7.80 5.02
UG3 including 179.20 179.75 0.55 56.2
UG3 AE-21-049 332.00 360.00 28.00 2.51
UG3 including 332.00 343.70 11.70 3.70
UG3 including 332.00 332.60 0.60 28.4
UG3 including 342.75 343.70 0.95 18.0
UG3 including 350.10 351.40 1.30 13.3
UG3 including 356.50 358.00 1.50 5.33
UG3 AE-21-049 394.00 396.40 2.40 20.7
UG3 including 395.75 396.40 0.65 73.4

 

Table 2. Hole location, final depth and orientation for reported holes.

Pad Hole ID Easting Northing Length Azimuth Dip Wedge Start Depth
AE UG3 AE-21-044 548018 4979937 645 100 -77  
AE S8 AE-21-045 548368 4979751 651 315 -60  
AE UG3 AE-21-046 548019 4979937 306 95 -65  
AE UG3 AE-21-047 548015 4979937 495 235 -76  
AE S9 AE-21-048 547794 4979963 648 165 -74.5  
Wedge* AE-21-048W1 547794 4979963 182 165 -70 403
Wedge* AE-21-048W2 547794 4979963 300 163 -71 216.4
AE UG3 AE-21-049 548015 4979937 507 245 -65  

 

*Note: Holes AE-21-48W1 and AE-21-48W2 utilized a downhole wedge within AE-21-48 and share the collar location and the start depth down hole AE-21-48 is indicated in the table above.
 

Table 3. Reported intervals from underground drilling at Aureus East Gold Project.

Pad Hole ID From (m) To (m) Length (m) Au g/t
UG3 AE-21-044 0.00 1.59 1.59 0.71
UG3 AE-21-044 2.88 3.50 0.62 3.14
UG3 AE-21-044 22.00 38.00 16.00 2.01
UG3 including 22.00 22.50 0.50 28.8
UG3 including 30.00 30.50 0.50 4.17
UG3 including 33.10 36.00 2.90 4.33
UG3 AE-21-044 65.80 67.50 1.70 1.31
UG3 AE-21-044 113.50 117.00 3.50 0.74
UG3 AE-21-044 149.00 149.80 0.80 3.00
UG3 AE-21-044 177.75 190.00 12.25 3.41
UG3 including 177.75 183.00 5.25 6.97
UG3 including 177.75 179.35 1.60 20.8
UG3 including 185.00 190.00 5.00 1.02
UG3 AE-21-044 205.45 207.30 1.85 34.2
UG3 including 205.45 206.40 0.95 65.9
UG3 AE-21-044 216.00 220.20 4.20 0.50
UG3 AE-21-044 228.75 229.50 0.75 0.75
UG3 AE-21-044 241.80 242.80 1.00 0.71
UG3 AE-21-044 254.85 257.35 2.50 0.54
UG3 AE-21-044 263.65 264.60 0.95 1.20
UG3 AE-21-044 282.40 283.08 0.68 0.73
UG3 AE-21-044 285.18 287.00 1.82 0.77
UG3 AE-21-044 291.40 295.50 4.10 3.72
UG3 including 291.40 292.40 1.00 5.83
UG3 including 294.50 295.50 1.00 8.24
UG3 AE-21-044 321.10 321.90 0.80 5.51
UG3 AE-21-044 338.50 339.10 0.60 0.52
UG3 AE-21-044 351.00 352.85 1.85 0.64
UG3 AE-21-044 369.50 370.20 0.70 5.40
UG3 AE-21-044 396.00 399.37 3.37 0.71
UG3 AE-21-044 443.50 444.00 0.50 3.20
UG3 AE-21-044 448.80 449.80 1.00 0.76
UG3 AE-21-044 470.00 471.00 1.00 0.59
UG3 AE-21-044 507.50 515.50 8.00 1.23
UG3 including 507.50 508.13 0.63 8.61
UG3 AE-21-044 557.10 557.80 0.70 39.1
UG3 AE-21-044 564.50 570.00 5.50 3.40
UG3 including 569.15 570.00 0.85 18.4
UG3 AE-21-044 620.00 621.00 1.00 2.53
           
UG3 AE-21-046 2.80 3.60 0.80 0.8
UG3 AE-21-046 38.00 38.50 0.50 0.85
UG3 AE-21-046 43.50 44.30 0.80 0.55
UG3 AE-21-046 75.13 77.00 1.87 0.88
UG3 AE-21-046 100.85 102.15 1.30 5.24
UG3 including 100.85 101.50 0.65 9.84
UG3 AE-21-046 118.00 119.00 1.00 1.00
UG3 AE-21-046 163.00 164.00 1.00 4.45
UG3 AE-21-046 240.00 240.80 0.80 4.26
UG3 AE-21-046 292.20 293.00 0.80 6.96
           
UG3 AE-21-047 27.60 28.40 0.80 1.07
UG3 AE-21-047 32.10 34.75 2.65 18.4
UG3 including 32.10 33.10 1.00 46.7
UG3 AE-21-047 62.60 64.60 2.00 1.53
UG3 AE-21-047 89.55 93.10 3.55 1.35
UG3 AE-21-047 97.00 98.65 1.65 0.69
UG3 AE-21-047 110.65 111.50 0.85 4.18
UG3 AE-21-047 123.40 125.10 1.70 0.84
UG3 AE-21-047 144.40 146.00 1.60 2.14
UG3 AE-21-047 176.70 180.00 3.30 5.71
UG3 including 176.70 177.50 0.80 19.4
UG3 AE-21-047 191.70 192.70 1.00 0.82
UG3 AE-21-047 197.00 201.10 4.10 0.96
UG3 AE-21-047 206.00 207.75 1.75 0.67
UG3 AE-21-047 209.35 210.25 0.90 1.13
UG3 AE-21-047 225.00 226.50 1.50 0.67
UG3 AE-21-047 254.50 266.45 11.95 2.07
UG3 including 254.50 258.20 3.70 4.92
UG3 including 257.25 258.20 0.95 17.1
UG3 including 265.55 266.45 0.90 5.68
UG3 AE-21-047 281.50 286.00 4.50 3.72
UG3 including 281.50 282.63 1.13 12.4
UG3 AE-21-047 292.30 293.00 0.70 3.30
UG3 AE-21-047 309.00 310.65 1.65 11.4
UG3 AE-21-047 329.65 330.20 0.55 6.04
UG3 AE-21-047 380.65 385.70 5.05 3.01
UG3 including 383.40 384.70 1.30 8.65
UG3 AE-21-047 449.00 477.60 28.60 0.72
UG3 including 449.73 450.60 0.87 7.71
UG3 AE-21-047 486.00 487.50 1.50 6.26
           
UG3 AE-21-049 2.00 2.50 0.50 2.55
UG3 AE-21-049 21.25 21.80 0.55 7.95
UG3 AE-21-049 22.50 24.00 1.50 1.16
UG3 AE-21-049 31.00 33.80 2.80 2.35
UG3 including 32.00 32.80 0.80 4.84
UG3 AE-21-049 65.80 67.20 1.40 0.69
UG3 AE-21-049 93.15 93.85 0.70 0.72
UG3 AE-21-049 95.35 96.25 0.90 0.98
UG3 AE-21-049 116.10 116.85 0.75 0.68
UG3 AE-21-049 128.50 129.30 0.80 2.19
UG3 AE-21-049 137.50 138.30 0.80 1.38
UG3 AE-21-049 145.25 146.80 1.55 0.65
UG3 AE-21-049 151.40 152.30 0.90 3.63
UG3 AE-21-049 176.70 232.90 56.20 1.53
UG3 including 176.70 198.00 21.30 3.49
UG3 including 176.70 177.50 0.80 34.6
UG3 including 179.20 187.00 7.80 5.02
UG3 including 179.20 179.75 0.55 56.2
UG3 including 197.00 198.00 1.00 4.85
UG3 including 205.00 205.70 0.70 3.72
UG3 AE-21-049 257.45 258.75 1.30 2.99
UG3 AE-21-049 265.50 266.15 0.65 4.69
UG3 AE-21-049 283.65 286.35 2.70 1.68
UG3 including 283.65 284.25 0.60 5.68
UG3 AE-21-049 290.00 291.00 1.00 0.68
UG3 AE-21-049 325.50 326.25 0.75 1.47
UG3 AE-21-049 332.00 360.00 28.00 2.51
UG3 including 332.00 343.70 11.70 3.70
UG3 including 332.00 332.60 0.60 28.4
UG3 including 342.75 343.70 0.95 18.0
UG3 including 350.10 351.40 1.30 13.3
UG3 including 356.50 358.00 1.50 5.33
UG3 AE-21-049 376.45 377.10 0.65 0.63
UG3 AE-21-049 378.40 380.00 1.60 0.86
UG3 AE-21-049 390.20 391.00 0.80 0.76
UG3 AE-21-049 394.00 396.40 2.40 20.7
UG3 including 395.75 396.40 0.65 73.4
UG3 AE-21-049 415.50 418.15 2.65 0.91
UG3 AE-21-049 423.00 424.00 1.00 0.67
UG3 AE-21-049 433.00 437.00 4.00 0.99

 

Table 4. Reported intervals from surface drilling at Aureus East Gold Project.

Pad Hole ID From (m) To (m) Length (m) Au g/t
S8 AE-21-045 153.35 154.35 1.00 0.69
S8 AE-21-045 158.20 159.20 1.00 0.88
S8 AE-21-045 316.25 317.20 0.95 0.73
S8 AE-21-045 333.95 334.70 0.75 4.01
S8 AE-21-045 427.60 428.40 0.80 5.38
S8 AE-21-045 511.90 512.75 0.85 0.53
S8 AE-21-045 524.30 525.15 0.85 1.47
S8 AE-21-045 533.45 536.70 3.25 0.60
S8 AE-21-045 548.60 549.40 0.80 3.37
S8 AE-21-045 583.20 583.70 0.50 1.67
S8 AE-21-045 591.00 592.70 1.70 0.79
S8 AE-21-045 619.15 620.10 0.95 0.70
S8 AE-21-045 633.35 634.30 0.95 1.06
           
S9 AE-21-048 102.40 103.15 0.75 4.78
S9 AE-21-048 147.50 148.15 0.65 0.53
S9 AE-21-048 180.10 180.90 0.80 2.12
S9 AE-21-048 207.85 208.80 0.95 10.5
S9 AE-21-048 256.00 257.60 1.60 0.69
S9 AE-21-048 307.55 308.55 1.00 0.54
S9 AE-21-048 335.80 337.55 1.75 2.83
S9 AE-21-048 350.25 351.10 0.85 1.34
S9 AE-21-048 362.60 363.60 1.00 1.58
S9 AE-21-048 370.25 373.00 2.75 0.52
S9 AE-21-048 403.20 404.10 0.90 37.5
S9 AE-21-048 410.50 414.00 3.50 0.69
S9 including 411.35 412.10 0.75 1.51
S9 AE-21-048 420.45 421.35 0.90 1.81
S9 AE-21-048 442.90 443.60 0.70 1.43
S9 AE-21-048 453.04 454.00 0.96 1.58
S9 AE-21-048 467.03 467.65 0.62 1.42
S9 AE-21-048 477.00 477.75 0.75 6.49
S9 AE-21-048 494.30 495.65 1.35 9.67
S9 including 495.10 495.65 0.55 21.3
S9 AE-21-048 523.95 524.55 0.60 0.69
S9 AE-21-048 537.90 539.60 1.70 1.12
           
W AE-21-048W1 412.00 413.45 1.45 0.70
W AE-21-048W1 414.00 415.00 1.00 0.87
W AE-21-048W1 441.50 442.00 0.50 10.6
W AE-21-048W1 485.00 492.50 7.50 0.50
W including 485.50 486.00 0.50 1.86
W AE-21-048W1 509.25 511.70 2.45 1.13
W including 510.75 511.70 0.95 2.20
W AE-21-048W1 529.00 530.00 1.00 0.76
W AE-21-048W1 535.75 536.50 0.75 0.54
W AE-21-048W1 550.60 551.60 1.00 0.73
           
W AE-21-048W2 225.55 226.15 0.60 0.53
W AE-21-048W2 230.70 231.50 0.80 1.65
W AE-21-048W2 253.95 255.50 1.55 0.60
W AE-21-048W2 266.00 266.60 0.60 0.82
W AE-21-048W2 297.75 298.50 0.75 1.87
W AE-21-048W2 344.00 345.00 1.00 0.57
W AE-21-048W2 349.00 350.00 1.00 1.93
W AE-21-048W2 386.95 387.70 0.75 3.41
W AE-21-048W2 396.65 397.35 0.70 6.24
W AE-21-048W2 423.90 424.80 0.90 2.53
W AE-21-048W2 427.15 428.00 0.85 0.89
W AE-21-048W2 440.20 440.75 0.55 4.76
W AE-21-048W2 451.00 451.75 0.75 1.53
W AE-21-048W2 455.80 456.50 0.70 2.93
W AE-21-048W2 463.40 464.00 0.60 0.74
W AE-21-048W2 481.55 484.40 2.85 5.40
W including 483.60 484.40 0.80 17.2
W AE-21-048W2 505.75 506.65 0.90 27.9

 

Note: Due to the folded geometry of the gold horizons the intervals may not represent true width.

<< Previous
Bullboard Posts
Next >>