Vancouver, BC - Aurelius Minerals Inc. (TSX.V: AUL) (the “Company” or “Aurelius”) announces that it has confirmed 13.72 grams per tonne (“g/t”) gold over 7.70 metres (“m”) in historic drill core found during its recent resampling program on the Lipton property. The Company located the 2006 Dentonia Resources core storage facility during its recent site visit and resampled select intervals including the high-grade gold interval in hole L-06-7.
The resampling program confirmed high-grade gold mineralization in L-06-7, intersecting 7.70 m grading 13.72 g/t gold in the confirmation assays compared to 13.52 g/t over the same interval in the original assay. The confirmation assay includes 1.00 m at 56.1 g/t gold, 1.00 m at 23.8 g/t gold, 0.90 m at 16.6 g/t gold and 1.30 m at 7.56 g/t gold. The program successfully identified the mineralized zone and confirmed the gold grade distribution. Additional sampling of previously un-sampled intervals is on-going.
“We are pleased to confirm the high-grade gold mineralization at Lipton, which we believe demonstrates the upside potential of the project,” stated Mark N.J. Ashcroft, PEng, Aurelius’ President and CEO. “Our confirmation assays give us confidence in our land position and exploration strategy for the area. With our Mikwam property in the Burntbush camp, we are the second-largest landholder in the northern Abitibi after Detour Gold and we are determined to replicate their success by employing proven exploration techniques on our properties. Aurelius is currently finalizing plans to conduct exploration drilling on the Lipton property and looks forward to providing an update on those activities.”
In addition to the 2006 Dentonia drill core, the Company also located the core from the 2010 Atocha Resources Inc. drill program. The 2010 program was comprised of 7 holes totaling 1,237 m and there are several intervals which were not sampled in favorable horizons for gold mineralization. The Company will commence a detailed relogging and sampling campaign in the coming weeks, ahead of the 2017 field exploration activities.
All samples were submitted to Bureau Veritas in Timmins, ON., 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 g fire assay and atomic absorption spectroscopy finish (code FA430). Samples returning higher than 10 parts per million gold were re-assayed with a 30 g 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.
Jeremy Niemi, PGeo, the qualified person as defined by National Instrument 43-101 for the Abitibi greenstone belt properties, has reviewed and approved the technical information in this release.
Aurelius is a premier gold exploration company, holding the Mikwam and Lipton Properties within the prolific northern Abitibi Gold belt in Ontario, Canada. The company has a sound management team with experience in all facets of the mineral exploration and mining industry who will be considering additional acquisitions of advanced staged opportunities in the Abitibi and other proven mining districts.
AURELIUS MINERALS INC.
Mark N. J. Ashcroft, President & CEO
For further information please contact:
|Aurelius Minerals Inc.|
Mark N.J. Ashcroft, President & CEO
Tel.: (604) 687-3959
|Renmark Financial Communications Inc.|
Robert Thaemlitz, Account Manager
Tel.: (416) 644-2020 or (514) 939-3989
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
All statements in this press release, other than statements of historical fact, are “forward-looking information” with respect to Aurelius within the meaning of applicable securities laws, including statements with respect to the Company’s planned drilling and exploration activities. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Aurelius’ public filings under Aurelius Minerals Inc.’s SEDAR profile at www.sedar.com. Although Aurelius has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Aurelius disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.