Aurelius Minerals Inc. (TSX.V: AUL) is pleased to announce the initial assay results from the first four holes of the planned fifteen-hole (4,000 metre) Phase Two drilling program at its Mikwam Property.
Highlights from initial four holes include:
|•||AUL-18-13 intersected 4.2 g/t gold over 21.5 metres|
|•||AUL-18-14 intersected 1.64 g/t gold over 35.8 metres|
|•||All four holes intersected the Mikwam Gold Zone|
To view Figure 1. Mikwam Exploration Cross Section, please visit the following link:
“We are very encouraged to continue to intersect increasingly higher grades with similar widths as compared to the existing estimated inferred mineral resource and the Phase One drilling program results. Our team has worked diligently to assemble historical data, since Newmont first began work in 1984, and this is the first section to be developed across this project,” stated Mark N.J. Ashcroft, P. Eng, Aurelius President and CEO. “The Phase Two program has been designed to extend the existing mineralization and to define the emerging higher-grade component of the Mikwam Gold Zone.”
The Phase Two program is following up on the success of the winter program which included 3.7 g/t gold over 22 meters in hole AUL-18-07 (see press release dated May 30, 2018). The Phase Two first four holes were drilled on a north-south cross section approximately 40 metres east of hole AUL-18-07. The results continue to define the orientation and continuity of the gold mineralization and indicate increasing potential to extend the Mikwam Gold Zone along strike and at depth.
All four holes intersected the Mikwam Gold Zone which is approximately 10-30 metres in width and gold occurs in quartz vein breccia with sulphides (see Figure 2 below).
To view Figure 2. Core photo from Mikwam Gold Zone in AUL-18-13 at 148m (center row), please visit the following link:
Table 1. Summary of Gold Intersections from First Four Holes at Mikwam Phase Two Drilling
|Hole ID||From (m)||To (m)||Length (m)||Gold (g/t)|
Mikwam contains an estimated inferred mineral resource1 of 1.81 million tonnes grading 2.34 g/t gold, containing an estimated 136,000 ounces of gold as reported in the Technical Report dated December 8, 2016, compliant with NI 43-101 and filed on SEDAR.
Table 2. Drillhole Locations and Orientations for Phase 2 Mikwam Drilling being Reported
The Company is waiting on assay results for holes AUL-18-15 and AUL-18-16. Drilling of hole AUL-18-17 is in progress.
All samples were submitted to Bureau Veritas in Timmins, Ontario, for sample preparation by crushing one kilogram to 70 per cent less than two millimetres, creation of a 500-gram split and then pulverizing to 85 per cent passing 75 microns. Sample pulps are submitted for gold analysis with a 30-gram fire assay and atomic absorption spectroscopy finish (code FA430). Samples returning higher than 10 parts per million gold were re-assayed with a 30-gram fire assay and gravimetric finish. Control samples (accredited gold standards, blanks and duplicates) were inserted into the sample sequence by Bureau Veritas on a regular basis to monitor precision of results.
Mr. Jeremy Niemi, P.Geo. and Vice President, Exploration of Aurelius and the Company’s Qualified Person as defined by National Instrument 43-101 for the Abitibi Greenstone Belt properties, has reviewed and approved the technical information in this release.
Aurelius is a well-positioned gold exploration company focused on advancing two district-scale gold projects in the Abitibi Greenstone Belt in Ontario, Canada, one of the world’s most prolific mining districts; the 944-hectare, 9 claim Mikwam Property in the Burntbush area on the Casa Berardi trend and the 11,593-hectare, 57 claim Lipton Property on the Lower Detour Trend. The Company has a sound management team with experience in all facets of the mineral exploration and mining industry who will be considering additional acquisitions of advanced staged opportunities in the Abitibi and other proven mining districts.
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