Aurelius Minerals Expands Multiple High Grade Gold Zones at Aureus East Gold Project - Drills 3.0 Metres at 17.4 g/t Gold, Including 1.0 Metre at 43.3 g/t Gold, 2.7m at 15.1 g/t Gold, Including 1m at 39.7 g/t Gold and 5.7 Metres at 9.42 g/t Gold, Includin

Toronto, ON - Aurelius Minerals Inc. (TSX.V: AUL) (OTCQB: AURQF) (the “Company” or “Aurelius”) is pleased to report assay results for the eighth, ninth and tenth underground drillholes from its Aureus East Gold Project located in Nova Scotia, Canada. The reported holes were drilled from the second underground drill pad and were designed to expand the gold zones towards the west. All three holes encountered multiple high grade gold horizons and intersected the expanding Gold Zone 9 (see Figure 1).

 

Drilling continues at Aureus East with two rigs. The underground (u/g) rig is currently on the 900 level which is approximately 160 metres (m) below surface and targeting expansion of the new gold zones towards the west and at depth. The second rig is on surface at the second pad targeting expansion of the gold mineralization into the southern legs from surface down to approximately 300m depth. Today the Company is reporting results for the next three holes from the underground drilling, which includes AE-21-011 (eighth u/g hole), AE-21-013 (ninth u/g hole) and AE-21-015 (tenth u/g hole). 

 

Highlights from Aureus East drill program

 

Hole AE-21-011 Intersected

 

3.0m @ 17.4 g/t gold, from 80.95m to 83.95m (Gold Zone 9)

Including 1.0m @ 43.3 g/t gold, from 81.95m to 82.95m

14.2m @ 5.32 g/t gold, from 104.35m to 118.5m (Gold Zone 10)

Including 2.2m @ 22.4 g/t gold, from 104.35 to 106.5m; and

including 0.8m @ 50.9 g/t gold, from 105.0m to 105.8m; and

Including 0.6m @ 38.3 g/t gold, from 111.9m to 112.5m

 

Hole AE-21-013 Intersected

 

2.9m @ 13.3 g/t gold, from 67.8m to 70.7m (Gold Zone 9)

Including 1.0m @ 28.6 g/t gold, from 67.8m to 68.8m

2.7m @ 15.1 g/t gold, from 100.5m to 103.2 (Gold Zone 10)

Including 1m @ 39.7 g/t gold, from 100.5m to 101.5m

 

Hole AE-21-15 Intersected

 

5.7m @ 9.42 g/t gold, from 90.3m to 96.0m (Gold Zone 9)

Including 1.7m @ 28.8 g/t gold, from 90.3m to 92.0m

 

Mark N.J. Ashcroft, P.Eng, President and CEO of Aurelius stated, “Our Aureus East drilling continues to produce very good results and, we believe, we are starting to see the development of multiple high grade gold zones. 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.”

 

Holes AE-21-011, AE-21-013 and AE-21-015 are part of a series of inclined holes designed to intersect and expand the new gold zones to the west of previously reported AE-20-007 (see April 6, 2021 press release). Multiple gold zones were intersected by each of the three reported holes, including the high-grade Gold Zone 9 and Gold Zone 10. Holes AE-21-011 and AE-21-015 extend the gold zones approximately 50m west of previous Aurelius underground drilling and the zones are interpreted to continue onwards for approximately 100m towards the Harrigan Cove fault (see Figure 2). The gold zones are wide open to the east.

 

The package of multiple gold zones at Aureus East is east-west trending and occurs within stacked, folded sedimentary mudstones and sandstones. The gold zones have a gentle plunge towards the east. To date Aurelius has been focused on the western portion of the system near the underground openings to enhance the interpretation of the system and improve the targeting as it steps out along the trend. However future phases of drilling are planned to target the gold mineralization along trend towards the east which has been identified in historical drillholes over 1 kilometre east of the current drilling and is interpreted to continue even further.

 

Figure 1: Aureus East longitudinal section showing underground development, drill locations and trend of the gold horizons.

 

Figure 2. Aureus East focus area of long-section with gold zones and locations of visible gold in reported holes.

 

Figure 3: VG Photo 1 Core photo showing visible gold nuggets in hole AE-21-011 at depth of 105.35m.

 

 

Figure 4: VG Photo 2 Core photo showing visible gold nuggets in hole AE-21-013 at depth of 68.4m.

 

 

Figure 5: VG Photo 3 Core photo showing visible gold nuggets in hole AE-21-015 at depth of 91.54m.

 

 

Aureus West Update

 

The Company has completed Phase One drilling at Aureus West and is awaiting further assays before initiating a second phase. Ten holes have been completed to date. Assays have been released for six holes, and the balance of the samples has been delivered to the assay facilities. Results will be released as they become available.

 

About Aurelius

 

Aurelius is a well-positioned gold exploration company focused on advancing its recently acquired and renamed Aureus Gold Properties, including Aureus East and West, the Tangier Gold Project and the Forest Hill Gold Project located in Nova Scotia, Canada.

Aurelius is also focused on advancing two district-scale gold projects in the Abitibi Greenstone Belt in Ontario, Canada, one of the world’s most prolific mining districts; the 968-hectare Mikwam Property, in the Burntbush area on the Casa Berardi trend and the 12,425-hectare Lipton Property, on the Lower Detour Trend.

The Company has a management team with experience in all facets of the mineral exploration and mining industry who will be considering additional acquisitions of advanced staged opportunities in Nova Scotia, the Abitibi and other proven mining districts.