- Aurelius Minerals (AUL) has discovered new mineralized zones at its gold project in Nova Scotia
- The company announced initial assay results from the first three holes at its Aureus West Gold Project
- All holes intersected significant gold mineralization
- The company is “very pleased” with the results, which will help plan the next drilling phase
- Shares of Aurelius Minerals are unchanged on the day and are trading at C$0.055 at 3:31 p.m. EST
Aurelius Minerals (AUL) has discovered new mineralized zones at its gold project in Nova Scotia.
The company announced initial assay results from the first three holes at its Aureus West Gold Project.
Holes are from Pad One, the furthest west of the three pads utilized in the 2020 drilling program.
All holes intersected significant gold mineralization and new gold horizons were identified to a depth of 500 metres below surface, well below the current resource depth of approximately 150 metres.
Highlights include one hole with 2.5 metres grading with 13.2 grams of gold per tonne of material, including 0.5 metres grading with 46.4 grams of gold per tonne of material.
“We are very pleased with the initial assays from our Aureus West Phase One drilling program. These results confirm the extensive mineralization at this project showcasing both high-grade intervals and broad mineral horizons to depth in both holes. We are awaiting additional assay results from the balance of the program and will utilize those results to plan our Phase Two program,” said Aurelius President and CEO Mark N.J. Ashcroft.
The company encountered the same coarse gold component on the Aureus West Project as it did on its nearby Aureus East Project, where the gold mineralization typically included a significant coarse gold component.
The Aureus West gold exploration program is focused on growing gold resources which occur in stacked saddle reef quartz veins which follow the folded host rocks.
Aurelius is a gold exploration company focused on advancing its recently acquired and renamed Aureus Gold Properties, including Aureus East and West, the Tangier Gold Project and the Forest Hill Gold Project located in Nova Scotia.
The company is also focused on advancing two district-scale gold projects in the Abitibi Greenstone Belt in Ontario.
Shares of Aurelius Minerals are unchanged on the day and are trading at C$0.055 at 3:31 p.m. EST.
