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Aurelius Minerals Inc.
Summary
| Project: | Mikwam | |
|---|---|---|
| Deposit: | Mikwam | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/14/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-5-2019: Aurelius Minerals Inc. announces an Exploration/Drilling Update report for its Mikwam deposit at the Mikwam project. Drilling results incl. 31.5m @ 3.46g/t Au from 196.50m. The Mikwam Property is in Northern Ontario, Canada and within the Casa | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jeremy Niemi (Internal) | |
| ABSTRACT: | The Mikwam Property is in Northern Ontario, Canada and within the Casa Berardi Deformation Zone. The Casa Berardi Mine, operated by Hecla Mining, is approximately 30 kilometres to the east and the gold mineralization at Mikwam shares many geological similarities to the Casa Berardi gold deposits. Most of the Mikwam Property is covered with overburden and was historically under explored. Aurelius has completed 9,700 m of drilling from 37 holes in 2018 and 2019 and the gold mineralization remains open at depth and along strike. “We are very happy with the continued success of our drill programs at the Mikwam deposit. With just 9,700 m of drilling, we have consistently intersected excellent grades and thicknesses and have only tested in the range of 380 m of depth,” commented Mark Ashcroft, President & CEO. “The deposit remains open along strike and at depth. We look forward to continued success as we plan our next phases of work.” In the Phase Three drilling program eight of the ten holes were drilled in the Mikwam deposit. The holes have expanded the volume of gold mineralization at Mikwam at depth to below 380 m and further defined the zone along strike. The Company has identified several higher-grade gold zones within the deposit (see Figure 1) and continues to expand and define gold mineralization, which occurs in several horizons. | |
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