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Aurelius Minerals Inc.
Summary
| Project: | Mikwam | |
|---|---|---|
| Deposit: | Mikwam | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-10-2018: Aurelius Minerals Inc. announces an Exploration/Drilling Update report for its Mikwam deposit at the Mikwam project. Drilling results incl. 26.1m @ 7.1g/t Au from 195.6m. 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 assay results from three additional holes from the recently completed 17-hole (3,923 metre) Phase Two drilling program at its Mikwam Property. The three holes intersected significant gold mineralization with increasingly higher grades. The Company drilled exploration holes on five sections along strike. Assay results are pending from the remaining nine holes. “We are very excited as we continue to see significant intersections of gold mineralization in our drilling of the Mikwam Property.” stated Mark N.J. Ashcroft, P. Eng, Aurelius President and CEO. “The Phase Two program continues to extend the existing mineralization and define the emerging higher-grade component of the Mikwam Gold Zone.” The Phase Two program involved systematically drilling 17 holes on five north-south cross sections, on approximately 150m of strike, working out from hole AUL-18-07 of the Phase One program. Hole AUL-18-07 intersected 3.7 g/t gold over 22m (see press release dated May 30, 2018). The three holes, being reported today, contain several of the highest grade intervals to date at the Property. Drilling on the cross sections was designed to confirm our interpretation of the gold mineralization to a depth of approximately 300m on 30m to 40m spaced intersections. Mineralization remains open at depth and along strike. | |
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