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Aurelia Metals Ltd.
Summary
| Project: | Peak Gold Mines | |
|---|---|---|
| Deposit: | Chronos | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 7/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 20-7-2018: Aurelia Metals Ltd. announces an Exploration/Drilling Update report for its Chronos deposit at the Peak Gold Mines project. Drilling results incl. 13.0m @ 8.6g/t Au, 18.0% Pb, 12.7% Zn, 77.1g/t Ag from 144.0m. Aurelia Metals Limited (“AMI” or t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Chris Powell (Internal) | |
| ABSTRACT: | Aurelia Metals Limited (“AMI” or the “Company”) is pleased to announce the results of recent delineation drilling at Peak Mines designed to extend the Chronos high grade gold and base metal lens. The results on the high grade Au-Pb-Zn-Ag lens are as follows: Aurelia’s Managing Director & CEO, Jim Simpson comment: “The latest drill results confirm the exciting potential of the Chronos orebody both in gold and lead/zinc. The drilling approximately 50m above the current Reserve boundary has intersected gold with more dominant high grade Pb/Zn mineralization. Chronos continues to demonstrate highly variable gold/lead/zinc/silver zones which require more infill drilling and understanding of the nuggetty nature of this orebody. The NSR values of this recent extension drilling still exhibit values well in excess of the current mineral resources. Mine to mill reconciliations in Chronos to date have also been very positive. We plan to spend another $1.4M to infill drill the currently identified 1.6Mt gold/lead/zinc/silver resource at Chronos.” said Mr Simpson. DRILLING PROGRAM There were 16 holes drilled in the program with 22 holes tabulated including six holes from previous drilling. Five holes intersected mineralisation above the current Chronos high Au-Pb-Zn-Ag 2018 Ore Reserve Estimate boundary at the 9590 level (see Figure 1). Table 2 shows a summary of the significant Au-Pb-Zn-Ag intersections and Tables 3-5 show a summary of the other Pb-Zn lenses. | |
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