Feb 21 2019
Aurelius Minerals Inc. has announced the Phase Three drilling program has begun at its Mikwam Property situated in the Abitibi Greenstone Belt in Ontario, one of the most productive gold mining districts in the world. The minimum 2,300 m drill program plans to expand and establish the geometry of the new higher grade gold area of the Mikwam Deposit which was intersected in the Phase Two campaign and to analyze a new gold target east of the deposit.
Mikwam Exploration Long Section. (Image credit: Aurelius Minerals Inc.)
Highlights from the Phase Two drilling program include:
- AUL-18-15 intersected
- 7.1 grams per ton (g/t) gold over 23.1 meters (m)
- including 11.8 g/t gold over 5 m; and
- 9.4 g/t gold over 7.2 m; and
- AUL-18-16 intersected
- 7.1 g/t gold over 13.5m
- including 12 g/t gold over 6.5 m
- and 4.8 g/t gold over 7m; and
- AUL-18-18 intersected
- 3.0 g/t gold over 11.5 m
- including 5.2 g/t gold over 5.5 m.
The Phase Three drill program will methodically follow up the high-grade intersections from the Phase Two campaign and test a new exploration target 600 m east of the Mikwam Deposit. The program is beginning with shallow holes aiming at near surface mineralization and will then focus on following the high-grade gold mineralization trend to a depth of approximately 500 m. Aurelius’ objectives are to boost the volume of gold mineralization and to expand and further establish the high-grade portion of the deposit.
We are very pleased to commence our Phase Three drilling program at the Mikwam Deposit. This program will further our knowledge of the deposit and follow up on the successes of our Phase One and Phase Two programs in 2018.
Mark N.J. Ashcroft, P. Eng, President and CEO, Aurelius Minerals Inc.
We remain very excited by the new high-grade zone we have located at the Mikwam Deposit in the Phase Two drilling campaign. With this current drilling, our goal is to increase the size of and to better understand the geometry of the high-grade zone so that we can continue to follow it at depth in future drilling.
Jeremy Niemi, VP Exploration, Aurelius Minerals Inc.
The Mikwam Deposit is a gold-bearing quartz vein system, often tens of meters wide, related with widespread sulfide mineralization. It is situated in Northern Ontario inside the Casa Berardi Deformation Zone and is hosted in a very analogous geological setting as the Casa Berardi deposit.
Mikwam holds an estimated inferred mineral resource of 1.81 million tons grading 2.34 g/t gold, comprising of an estimated 136,000 ounces of gold as stated in the technical report dated December 8, 2016, adhering with National Instrument 43-101 and filed on SEDAR.
Mr. Scott Zelligan, P.Geo., the Company’s Qualified Person as stated by National Instrument 43-101 for the Abitibi Greenstone belt properties, has appraised and approved the technical information in this release.