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Aurelius Minerals Inc.
Summary
| Project: | Mikwam | |
|---|---|---|
| Deposit: | Mikwam | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/31/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-10-2018: Aurelius Minerals Inc. announces an Exploration/Drilling Update report for its Mikwam deposit at the Mikwam project. Drilling results incl. 29m @ 2.2g/t Au from 66.0m. Vancouver, BC - Aurelius Minerals Inc. (TSX.V: AUL) (the “Company” or “Aure | |
| 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 balance of drill results and the completion of its successful Phase Two drilling program at the Mikwam Property. The Phase Two program demonstrates a substantial and expanding continuous gold system with high-grade zones. The 3,923 metre Phase Two program included 17 exploration holes on five sections along strike of the Mikwam gold deposit. “The Phase Two program, combined with our Phase One results, exceeded expectations. We are thrilled with the results of our two programs in 2018. They demonstrate an expanding continuous gold system at the Mikwam Property,” stated Mark N.J. Ashcroft, P. Eng, Aurelius President and CEO. “We look forward to the next phase of exploration.” “Our Phase Two program has successfully expanded the size of the gold zone at Mikwam and revealed a trend of considerably higher grades,” commented Jeremy Niemi, P.Geo., Vice President, Exploration. “Our goal is to define a significant gold resource at Mikwam and we have set the stage for the next round of work.” The Mikwam Deposit is located approximately 30 kilometres west of the Casa Berardi Mine and along the same prominent regional structure, known as the Casa Berardi Deformation Zone (CBDZ). The Mikwam area is covered with up to 40 metres of overburden, and as a result, is relatively under explored when compared to other regions of the Abitibi Greenstone Belt. The two drilling campaigns by Aurelius in 2018 have expanded the gold mineralization zone at Mikwam and confirmed a similar local geological setting as Casa Berardi. Future campaigns at Mikwam will be designed to continue to expand the deposit and to identify additional mineralized bodies along the CBDZ on the property. | |
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