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Aurelius Minerals Inc.
Summary
| Project: | Mikwam | |
|---|---|---|
| Deposit: | Mikwam | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-9-2018: Aurelius Minerals Inc. announces an Exploration/Drilling Update report for its Mikwam deposit at the Mikwam project. Drilling results incl. 21.5m @ 4.15g/t Au from 134.5m. Vancouver, BC - Aurelius Minerals Inc. (TSX.V: AUL) (the “Company” or “A | |
| Resources: | (Resource, Inf.): 1.81Mt @ 2.34g/t Au for 136Koz Au contained at project | |
| CP/QP: | [Overall Report]: Jeremy Niemi (Internal) | |
| ABSTRACT: | Vancouver, BC - Aurelius Minerals Inc. (TSX.V: AUL) (the “Company” or “Aurelius”) is pleased to announce the initial assay results from the first four holes of the planned fifteen-hole (4,000 metre) Phase Two drilling program at its Mikwam Property. “We are very encouraged to continue to intersect increasingly higher grades with similar widths as compared to the existing estimated inferred mineral resource and the Phase One drilling program results. Our team has worked diligently to assemble historical data, since Newmont first began work in 1984, and this is the first section to be developed across this project,” stated Mark N.J. Ashcroft, P. Eng, Aurelius President and CEO. “The Phase Two program has been designed to extend the existing mineralization and to define the emerging highergrade component of the Mikwam Gold Zone.” The Phase Two program is following up on the success of the winter program which included 3.7 g/t gold over 22 meters in hole AUL-18-07 (see press release dated May 30, 2018). The Phase Two first four holes were drilled on a north-south cross section approximately 40 metres east of hole AUL-18-07. The results continue to define the orientation and continuity of the gold mineralization and indicate increasing potential to extend the Mikwam Gold Zone along strike and at depth. All four holes intersected the Mikwam Gold Zone which is approximately 10-30 metres in width and gold occurs in quartz vein breccia with sulphides (see Figure 2 below). The Company is waiting on assay results for holes AUL-18-15 and AUL-18-16. Drilling of hole AUL-18-17 is in progress. All samples were submitted to Bureau Veritas in Timmins, Ontario, 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-gram fire assay and atomic absorption spectroscopy finish (code FA430). Samples returning higher than 10 parts per million gold were reassayed with a 30-gram 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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