- Aurelius Minerals (AUL) has uncovered 2,700 metres of un-assayed core samples from its recently purchased Aureus property
- The first of these samples returned an intercept of 2.1 metres at 65.2 grams per tonne gold
- Contained within this strike was 1.1 metre intercept at 125.5 grams per tonne gold, that contained a higher-grade intercept of 0.3 metres at 479 grams per tonne gold
- The notable result came from the first of the 18 cores the company has located from the property, with the resulting front the remaining 17 still pending
- Aurelius Minerals (AUL) is up 27 per cent and is trading at 0.12 per share at 1:45 am EDT.
Aurelius Minerals (AUL) has uncovered 2,700 metres of un-assayed core samples from its recently purchased Aureus property.
The company recently acquired the Aureus West property, and with it found a whopping 2,700 metres of un-assayed drill core pulled out of the property.
Once the company purchased the property, it discovered the cores were sitting in an off-site storage facility and had been there since 2010.
The 10-year-old drill cores returned massive gold assays, with one intercept of 2.1 metres returning a whopping 65.2 grams per tonne gold, which included a 1.1 metre intercept that graded at 125.5 grams per tonne gold.
But it gets even better than that, the 1.1 metre strike had a further 0.3 metre result that graded at 479 grams per tonne gold.
The company received the results from the first of the historic cores and has another 17 cores left to test.
CEO and President of Aurelius Minerals, Mark N.J Ashcroft said he was very pleased with the initial results from the property.
“The information corroborates our understand of both the high grade potential of the Aureus properties, and as Atlantic Gold demonstrated in their assessment of the Meguma gold deposits, the potential for the host sediments to contain gold mineralization as well.
“We have located just over 1,600 metres of core from the Aureus West programs of 2009 and 2010 and we have also located almost 1,100 metres of core from a 2017-2018 program at the Aureus East mine.
“Further results from the sampling of this core will be made available as the assay procedures are completed,” he said.
Aurelius Minerals (AUL) is up 27 per cent and is trading at 0.12 per share at 1:45 am EDT.