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IAMGOLD’s maiden drill program hits gold in Quebec
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  • Aurelius Minerals (AUL) has expanded multiple high-grade gold zones at its Aureus East Gold Project
  • Results include 3 m at 17.4 g/t gold, 14.2 m at 5.32 g/t gold, and 5.7 m at 9.42 g/t gold
  • Two of the three reported drill holes extend gold zones approximately 50 m West of previous Aurelius underground drilling
  • The company is planning to target gold mineralization along trend towards the East with future drilling campaigns
  • Aurelius Minerals is a gold exploration company focused on advancing its properties in Nova Scotia and the Abitibi Greenstone Belt in Ontario
  • Aurelius (AUL) is up 15.38 per cent and is currently trading at C$0.075 per share

Aurelius Minerals (AUL) has expanded multiple high-grade gold zones at its Aureus East Gold Project.

Today the company is reporting results for the eighth, ninth and tenth underground drill holes from the Nova Scotia-based project.

Hole AE-21-011 intersected:

  • 3 m at 17.4 g/t gold from 80.95 m to 83.95 m (Gold Zone 9), including 1 m at 43.3 g/t gold from 81.95 m to 82.95 m
  • 14.2 m at 5.32 g/t gold from 104.35 m to 118.5 m (Gold Zone 10), including 0.8 m at 50.9 g/t gold from 105 m to 105.8 m, and 0.6 m at 38.3 g/t gold from 111.9 m to 112.5 m

Hole AE-21-013 intersected:

  • 2.9 m at 13.3 g/t gold from 67.8 m to 70.7 m (Gold Zone 9), including 1 m at 28.6 g/t gold from 67.8 m to 68.8 m
  • 2.7 m at 15.1 g/t gold from 100.5 m to 103.2 m (Gold Zone 10), including 1 m at 39.7 g/t gold from 100.5 m to 101.5 m

Hole AE-21-15 intersected:

  • 5.7 m at 9.42 g/t gold from 90.3 m to 96 m (Gold Zone 9), including 1.7 m at 28.8 g/t gold from 90.3 m to 92 m

Holes AE-21-011 and AE-21-015 extend the gold zones approximately 50 m West of previous Aurelius underground drilling. The zones are interpreted to continue onwards for 100 m towards the Harrigan Cove fault.

The gold zones at Aureus East are East-West trending and occur within stacked, folded sedimentary mudstones and sandstones. The gold zones have a gentle plunge towards the East.

Mark N.J. Ashcroft, President and CEO of Aurelius, stated,

"Our targeted drilling strategy continues to succeed in identifying new gold mineralization, and the fact that all ten drill holes released to date at Aureus East have hit significant gold mineralization speaks volumes to the quality of the work conducted by our exploration team. Results like this reinforce our focus on advancing our path to production."

Drilling continues at Aureus East with two rigs. The underground rig is currently on the 900 level, which is 160 m below surface expanding the new gold zones towards the West and at depth. The second rig is on surface to expand gold mineralization into the Southern legs from surface down to 300 m in depth.

Aurelius has also completed Phase I drilling at Aureus West and is awaiting further assays before initiating Phase II. Ten holes have been completed to date.

The company is planning to target gold mineralization along trend towards the East with future drilling campaigns.

Aurelius Minerals is a gold exploration company focused on advancing its properties in Nova Scotia and the Abitibi Greenstone Belt in Ontario.

Aurelius (AUL) is up 15.38 per cent and is currently trading at C$0.075 per share as of 1:54 pm ET.

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