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Aurelius Minerals Inc.
Summary
| Project: | Mikwam | |
|---|---|---|
| Deposit: | Mikwam | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-2-2017: Aurelius Minerals Inc. announces an Exploration/Drilling Update report for its Mikwam deposit at the Mikwam project. Re-assayed historical core results incl. 1m @ 21.1g/t Au. Aurelius Minerals Inc. (TSX.V: AUL) (the “Company” or “Aurelius”) is | |
| Resources: | (Resource, Inf.): 136000oz Au @ 2.34g/t Au contained at project | |
| CP/QP: | [Overall Report]: Jeremy Niemi (Internal) | |
| ABSTRACT: | Aurelius Minerals Inc. (TSX.V: AUL) (the “Company” or “Aurelius”) is pleased to announce confirmation of historic high grade intervals on the Mikwam Property (“Mikwam”) during its recent resampling program. Aurelius identified several boxes, remaining on site, containing core from holes ESO-06-07 and ESO-06-17 from ESO Uranium Corp.’s 2006 drilling campaign. The focus of the resampling program was to confirm high grade gold intervals in two of the drill holes which were used to define the inferred mineral resource of 136,000 ounces of gold grading 2.34 grams per tonne (“gpt”) (see the Company’s news release dated January 30, 2017). "We are very pleased to confirm the high grade intervals at Mikwam, which we believe demonstrate the upside potential of the project," stated Mark N.J. Ashcroft, P.Eng, Aurelius’ President and CEO. "Our confirmation assays and Detour Gold’s (“Detour”) recent staking of the Burntbush Property, which surrounds Mikwam, gives us confidence in our land position and exploration strategy for the area. Furthermore, with our Lipton Property in the Lower Detour Lake camp, we are the second largest landholders in the Northern Abitibi after Detour and we are determined to replicate their success by employing proven exploration techniques including geochemistry, geophysics and drilling on our properties." | |
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