- Aurelius Minerals Inc. (AUL) finds high-grade gold from its sampling program at the Aureus East Project
- Results justify a continued program throughout the existing underground development
- The current program increases the ongoing mineral resource estimate work
- Results confirmed interpretation of high-grade gold occurring in the zone’s lower area
- Aurelius Minerals Inc. (AUL) is up 1.39 per cent trading at $0.36 per share as of 3:30 p.m. ET
Aurelius Minerals (AUL) has found high-grade gold from its underground channel sampling program at its flagship Aureus East Project in Nova Scotia.
The channel sampling programs were completed in three underground areas, and the results justify a continued program throughout the existing underground development and infrastructure.
The current sampling program increases the ongoing mineral resource estimate work and enhances the expanding interpretation of the project’s geology. An updated mineral resource estimate is expected in the coming weeks.
Aurelius Minerals CEO, Mark Ashcroft, commented,
“The continuity we encountered in the channel sampling program provides us with confidence as we build our resource from the inside out, by accessing our existing underground development, which follows the gold zones down to a depth of 160 metres below surface… These channel sampling programs have been designed to quantify the amount of gold mineralization located surrounding the underground development and to assist in the mineral resource estimates of zones down dip and along strike.”
The results confirmed the company’s interpretation of high-grade gold frequently occurring in the lower area of the zone, which opens growth potential.
The gold is not only found in the multiple stacked and folded quartz veins but also in the surrounding wall rock increasing the volume of potentially mineralized rock at the project.
Aurelius completed 21,700 metres of diamond drilling at the Aureus East project in the phase 1 and 2 programs. The channel sampling program will be expanded to other areas and will continue to build a database that supports the gold findings.
Aurelius Minerals Inc. (AUL) is up 1.39 per cent trading at $0.36 per share as of 3:30 p.m. ET.