Aurelius Minerals Inc. (TSX.V: AUL) (the “Company”
or “Aurelius”) is pleased to announce the assay results from three
additional holes from the recently completed 17-hole (3,923 metre)
Phase Two drilling program at its Mikwam Property. The three holes
intersected significant gold mineralization with increasingly
higher grades.
The Company drilled exploration holes on five
sections along strike. Assay results are pending from the remaining
nine holes.
Highlights from the three most recently assayed
holes, on Section 2305 East, include:
- AUL-18-15 intersected
- 7.1 grams per tonne (“g/t”) gold over 26.1 metres (“m”);
- Including 11.8 g/t over 5m; and
- Including 24.3 g/t over 1.0m;
- Including 9.4 g/t over 7.2m; and
- AUL-18-16 intersected
- 8.2 g/t gold over 11.5m; and
- 5.3 g/t over 6.0m; and
- AUL-18-18 intersected;
- 3.0 g/t gold over 11.5m; and
- Including 5.2 g/t over 5.5m.
To view Figure 1. Mikwam Exploration Cross
Section, please visit the following
link: http://www.globenewswire.com/NewsRoom/AttachmentNg/bf7f1bbb-0969-4ad6-a79c-eadb8d57b243
“We are very excited as we continue to see
significant intersections of gold mineralization in our drilling of
the Mikwam Property,” stated Mark N.J. Ashcroft, P. Eng, Aurelius
President and CEO. “The Phase Two program continues to extend
the existing mineralization and define the emerging higher-grade
component of the Mikwam Gold Zone.”
The Phase Two program involved systematically
drilling 17 holes on five north-south cross sections, on
approximately 150m of strike, working out from hole AUL-18-07 of
the Phase One program. Hole AUL-18-07 intersected 3.7 g/t
gold over 22m (see press release dated May 30, 2018). The three
holes, being reported today, contain several of the highest grade
intervals to date at the Property. Drilling on the cross sections
was designed to confirm our interpretation of the gold
mineralization to a depth of approximately 300m on 30m to 40m
spaced intersections. Mineralization remains open at depth and
along strike.
To view Figure 2. Plan View of the Mikwam Drilling
Program, please visit the following
link: http://www.globenewswire.com/NewsRoom/AttachmentNg/ff129f7d-70fe-4cc2-870a-39d5ecf2b2b0
“We have encountered a very consistent gold zone
at Mikwam and are very encouraged about the potential moving
forward,” commented Jeremy Niemi, P.Geo., Vice President,
Exploration. “We have successfully achieved our goals to gain an
understanding of the controls on the gold mineralization and to
expand the volume of mineralized rock. We are well positioned for
the next round of work at the project to continue to grow the
Mikwam Gold Zone and locate new gold zones on our Property.”
Hole AUL-18-15 intersected two intervals of
important gold mineralization and is hosted in quartz-sulphide
structures which cross-cut the lithology at the project:
- The first interval had a wider interval of 7.1 g/t gold over
26.1m through the main Mikwam Gold Zone. Within this interval the
gold grades were consistently over 4 g/t in 21 of the 24 samples.
The highest value sample was 24.3 g/t gold over 1m.
- The second interval of importance was intersected outside of
the main Mikwam Gold Zone and into the footwall, which may be a new
gold structure to follow up on. The second interval includes
9.9 g/t gold over 1m within a wider intersection grading 1.5 g/t
gold over 8.1m. Intersections into the footwall and below the main
mineralized body are encouraging and present new exploration
targets for future campaigns. Very few holes to date on the project
have tested to the south into the footwall of the Mikwam Gold
Zone.
To view Figure 3. Core photo of rock
grading 9.9 g/t gold in AUL-18-15 at 245m (center
row), please visit the following
link: http://www.globenewswire.com/NewsRoom/AttachmentNg/0d58e57d-2488-4263-b256-5190edb71133
AUL-18-16 intersected three intervals of
mineralization including 11.5m grading 8.2 g/t gold. Based on
grades encountered in hole AUL-18-16 and surrounding holes the
Company has gone back to the core and expanded the sampling in the
hole and any significant assays will be reported in a future
release.
Hole AUL-18-18 encountered several intersections
of gold mineralization, including 11.5m grading 3.0 g/t gold. The
hole was drilled between holes AUL-18-15 and AUL-18-16 to fill in a
greater than 50m gap in the drilling such that 30m to 40m drill
spacing was achieved on the cross section.
Table 1. Summary of Gold Intersections
from Holes AUL-18-15, AUL-18-16 and AUL-18-18 at Mikwam Phase Two
Drilling
Hole ID |
From (m) |
To (m) |
Length (m)1 |
Gold g/t |
AUL-18-15 |
195.6 |
221.7 |
26.1 |
7.1 |
including |
207.5 |
212.5 |
5.0 |
11.8 |
and includes |
210.5 |
211.5 |
1.0 |
24.3 |
and |
214.5 |
221.7 |
7.2 |
9.4 |
AUL-18-15 |
245.5 |
253.6 |
8.1 |
1.5 |
including |
245.5 |
246.5 |
1.0 |
9.9 |
AUL-18-16 |
223.5 |
227.0 |
3.5 |
0.78 |
AUL-18-16 |
233.0 |
237.0 |
4.0 |
0.97 |
AUL-18-16 |
237.0 |
254.0 |
Assays pending |
AUL-18-16 |
255.8 |
262.5 |
6.7 |
1.9 |
AUL-18-16 |
325.5 |
337.0 |
11.5 |
8.2 |
including |
326.5 |
333.0 |
6.5 |
12.0 |
AUL-18-16 |
337.0 |
357.0 |
Assays pending |
AUL-18-16 |
357.0 |
363.0 |
6.0 |
5.3 |
including |
358.0 |
360.0 |
2.0 |
13.9 |
AUL-18-16 |
365.0 |
367.0 |
2.0 |
2.6 |
AUL-18-18 |
181.0 |
190.0 |
9.0 |
1.2 |
AUL-18-18 |
284.0 |
285.0 |
1.0 |
4.7 |
AUL-18-18 |
289.5 |
301.0 |
11.5 |
3.0 |
including |
289.5 |
295.0 |
5.5 |
5.2 |
AUL-18-18 |
322.0 |
326.0 |
4.0 |
0.70 |
1. Intervals may not represent true
width of the mineralized zone and gold values are not capped.
Remaining holes include AUL-18-16 (infill sampling), AUL-18-17
and AUL-18-19 through to AUL-18-27. The locations of all holes
drilled in Phase Two by Aurelius are shown on Figure 2.
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.
1. Mineral resources are not mineral reserves and do not
have demonstrated economic viability. Estimated using a cut-off
grade of 1.00 g/t gold. Tonnes have been rounded to the
nearest 10,000, grade has been rounded to two significant digits
and estimated ounces have been rounded to the nearest 1,000.
Table 2. Drillhole Locations and
Orientations for Phase TWO Mikwam Drilling being
Reported
DDH |
Easting |
Northing |
Elevation |
Az |
Dip |
EOH |
AUL-18-15 |
592305 |
5483230 |
270 |
180 |
-75 |
275 |
AUL-18-16 |
592305 |
5483350 |
270 |
185 |
-63 |
383 |
AUL-18-18 |
592305 |
5483350 |
270 |
180 |
-56 |
401 |
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.
About Aurelius
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.
AURELIUS MINERALS INC.Mark N. J.
Ashcroft, President & CEO
For further information please contact:
Aurelius Minerals Inc.Mark N.J. Ashcroft,
President & CEOinfo@aureliusminerals.com Tel.: (416)
304-9095www.aureliusminerals.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
All statements in this press release, other than
statements of historical fact, are "forward-looking information"
with respect to Aurelius within the meaning of applicable
securities laws, including statements with respect, to the
Company’s planned drilling and exploration activities. The Company
provides forward-looking statements for the purpose of conveying
information about current expectations and plans relating to the
future and readers are cautioned that such statements may not be
appropriate for other purposes. By its nature, this information is
subject to inherent risks and uncertainties that may be general or
specific and which give rise to the possibility that expectations,
forecasts, predictions, projections or conclusions will not prove
to be accurate, that assumptions may not be correct, and that
objectives, strategic goals and priorities will not be achieved.
These risks and uncertainties include but are not limited to those
identified and reported in Aurelius’ public filings under Aurelius
Minerals Inc.’s SEDAR profile at www.sedar.com. Although Aurelius
has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking information, there may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate as actual results and
future events could differ materially from those anticipated in
such statements. Aurelius disclaims any intention or obligation to
update or revise any forward-looking information, whether as a
result of new information, future events or otherwise unless
required by law.
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