- Aurelius Minerals (AUL) is reporting additional high-grade gold findings at the Aureus East Project in Nova Scotia
- Highlights from the first 10 holes of the phase 2 drilling program include 0.7 m at 149 g/t gold, 0.8 m at 25.5 g/t gold, and 0.6 m at 36.8 g/t gold
- Future exploration seeks to discover and expand upon the property’s gold horizons
- Aurelius is a gold exploration company focused on properties in Ontario and Nova Scotia
- Aurelius Minerals (AUL) is up by 4.4 per cent and is currently trading at $0.355 per share
Aurelius Minerals (AUL) is reporting additional high-grade gold findings at the Aureus East Project in Nova Scotia.
The company’s 10,000 m phase 2 drilling campaign seeks to define a new gold mineral resource and continue expanding upon the success of the phase 1 program.
Highlights from the first 10 holes (3,554 m)
- 0.7 m at 149 g/t gold
- 4.8 m at 5.2 g/t gold, including 0.8 m at 25.5 g/t gold
- 1.3 m at 17.72 g/t gold, including 0.6 m at 36.8 g/t gold
- 2.4 m at 13.9 g/t gold, including 1 m at 26.1 g/t gold
The gold horizons at Aureus East are stacked within folded host rocks that gently dip toward the east. The near-surface horizons have been intersected in historical drilling along the trend at least 1.6 km to the east with little exploration work laterally and into the limbs of the anticline. Future exploration programs will aim to expand eastward and outward from the hinge of the anticline to grow the volume of rock with gold mineralization.
Mark Ashcroft, CEO of Aurelius, commented,
“We are very pleased with the continued success of our drilling program. These results continue to demonstrate the high-grade and continuous nature of the Aureus East Gold Project. The combination of surface and underground drilling continues to validate our thesis that this substantial gold system has been underexplored and misunderstood. We continue to take a systematic approach to our drilling program, and these assay results confirm we are on the right track.”
Aurelius is a gold exploration company focused on properties in Ontario and Nova Scotia.
Aurelius Minerals (AUL) is up by 4.4 per cent and is currently trading at $0.355 per share as of 9:32 am ET.
