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Project: | Lipton | |
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Deposit: | Lipton | |
Location: | Canada | |
Commodities: | Gold | |
Date: | 9/11/2017 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 11-9-2017: Aurelius Minerals Inc. announces an Exploration/Drilling Update report for its Lipton deposit at the Lipton project. Drilling results incl. 6.58m @ 9.4g/t Au from 86.3m. Vancouver, BC - Aurelius Minerals Inc. (TSX.V: AUL) (the “Company” or “Aur | |
Resources: | x | |
CP/QP: | [Overall Report]: Scott Zelligan (Internal) | |
ABSTRACT: | Vancouver, BC - Aurelius Minerals Inc. (TSX.V: AUL) (the “Company” or “Aurelius”) is pleased to announce initial assay results from the first hole of the recently completed Phase One 2017 exploration program on the Lipton Property (“Property”). The Property is located directly adjacent to the Detour Gold property and 5.5 km south of their 58N discovery. “We are thrilled with these initial results from our first exploration program at Lipton” stated Aurelius President and CEO, Mark Ashcroft. “We have secured a great property adjacent to the Lower Detour Deformation Zone and have intersected significant gold mineralization, in our first hole, within 5.5 kilometres of the Detour 58N discovery”. Hole AUL-17-01 was 149 metres in length and drilled at an azimuth of 130 degrees and a dip of -50 degrees. Only partial results from hole AUL-17-01 have been received; additional results are pending. The gold mineralization intersected in hole AUL-17-01 corresponds with an area of historical drilling that could not previously be verified. The Company is pleased that these results confirm the location of the historical drilling and presence of gold mineralization as historically reported. In addition to the drilling, the Company also completed a 10.9 line km Induced Polarization (“IP”) geophysical survey, with a depth of investigation of approximately 300 m. The data is currently being processed and interpreted to identify potential drill targets. All samples were submitted to Bureau Veritas in Timmins, ON., 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 g fire assay and atomic absorption spectroscopy finish (code FA430). Samples returning higher than 10 parts per million gold were re-assayed with a 30 g 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 | |
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