Business
Aurelius Minerals Intersects Near Surface Gold Mineralization at Aureus West – 32.2 Metres grading 2.85 g/t Gold and 20.3 Metres of 3.93 g/t Gold
Aurelius Minerals Intersects Near Surface Gold Mineralization at Aureus West – 32.2 Metres grading 2.85 g/t Gold and 20.3 Metres of 3.93 g/t Gold.
About this update from Aurelius Minerals Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - March 30, 2021) - Aurelius Minerals Inc. (TSXV: AUL) (OTCQB: AURQF) (the \"Company\" or \"Aurelius\") is pleased to announce assay results from three additional holes at its Aureus West Gold Project located in Nova Scotia, Canada. The Aureus West project contains an inferred mineral resource of 269,000 tonnes (\"t\") grading 6.1 grams per tonne (\"g/t\") for a total of 53,200 oz of gold (see Table 1). Holes AW-20-004, AW-20-005 and AW-20-006 are from pad 2, which is approximately 45 metres (\"m\") east of pad 1 (See January 28, 2021 press release) along the gold trend. All holes intersected significant gold mineralization near surface and new gold horizons were identified to a depth of 504m below surface. The drilling identified mineralization both above, and well below, the existing inferred mineral resource which extends to a depth of approximately 150m. The Aureus West Gold Project is located approximately one kilometre (\"km\") south of the Aureus East Gold Project. Ten holes were completed, totaling approximately 4,600m, in the 2020 drilling program. Assays for holes AW-20-004 and AW-20-005, and partial assays for hole AW-20-006, are reported here.Highlights:Intersected broad intervals of near surface gold mineralization with strong mineral tenors;AW-20-005: 32.2 m grading 2.85 g/t gold; andAW-20-006: 20.3m grading 3.93 g/t gold;Established mineralization outside of the current inferred mineral resource along strike and at depth;gold mineralization intersected above and below the current inferred mineral resource;the gold system is open in both directions along approximately 6km of strike, from the Harrigan-Cove fault in the east, to historical trenching evidencing visible gold, located 5.4km to the west from the 2020 drill program; and,the system has been proven to a depth of over 500m, where it remains open.Mark N.J. Ashcroft, P.Eng, President and Chief Executive Officer of Aurelius said, \"We are very pleased with these new results from our Phase 1 drilling program at the Aureus West Gold Project. We continue to see extensive mineralization outside of the existing inferred mineral resource. A robust gold system, both long and deep, is emerging and we see substantial opportunity to grow and update the inferred mineral resource going forward. The mineralized horizons demonstrate a combin...