Newsfile Corp 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." 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 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 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. |