Aurelius Minerals Files Technical Reports

TORONTO, ON - Aurelius Minerals Inc. (TSXV: AUL) (“Aurelius” or the “Company) announces that following the acquisition of the Aureus Gold Properties (other than Aureus West) on February 27, 2020, the Company has filed technical reports for its Aureus East, Forest Hill and Tangier Properties (collectively, the “Aureus Gold Properties”) located in Nova Scotia. The three technical reports are available on the Company’s profile at www.sedar.com and on the Company’s website at www.aureliusminerals.com.

 

Aurelius retained Global Mineral Resource Services to prepare and address the technical reports to Aurelius, based on historical work and technical reports previously filed by a prior owner of the Aureus Gold Properties. Other than updates to reflect Aurelius’ acquisition of the Aureus Gold Properties and non-material clerical changes, the content of the technical reports is consistent with the technical reports filed by a prior owner on SEDAR and referenced in Aurelius’ press release dated November 18, 2019 in which Aurelius announced the proposed acquisition of the Aureus Gold Properties. The Company has not completed any additional substantive work on the Aureus Gold Properties since February 2020.

 

About Aurelius

 

Aurelius is a well-positioned gold exploration company focused on advancing gold projects in Ontario’s Abitibi Greenstone Belt along with the just acquired and renamed Aureus Gold Properties, including Aureus West, the Tangier Gold Project and the Forest Hill Gold Project located in Nova Scotia and described in detail in the Company’s press release of November 18, 2019. The high-grade Aureus Gold Project and mill in Nova Scotia completed initial gold extraction from test milling of a bulk sample in March 2017. The Aureus Gold Project covers 1,684 hectares in 104 mineral claims with a gold-bearing vein system defined by diamond drilling over a strike length of 1.4 km and to a depth of 400 m.

 

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. In 2018, Ontario converted its manual system of ground and paper staking and maintaining unpatented mining claims to an online system. All active, unpatented claims were converted from their legally defined location to a cell-based provincial grid. The Mikwam Property is comprised of 9 legacy claims consisting of 69 Cell Claims including 29 Single Cell Mining Claims (“SCMC’s”) and 40 Boundary Cell Mining Claims (“BCMC’s”). The Lipton Property is now comprised of 57 legacy claims consisting of 721 Cell Claims, 563 SCMC’s, 143 BCMC’s, and 30 “internal” and overlapping (i.e., two occupying the same space) BCMC’s.

 

The Company has a sound 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 the Abitibi and other proven mining districts.

 

Mr. Jeremy Niemi, P.Geo. and Vice President, Exploration of Aurelius and the Company’s Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information in this release.

 

On Behalf of the Board

AURELIUS MINERALS INC.

 

For further information please contact:

 

Mark N.J. Ashcroft, P.Eng., President and CEO

info@aureliusminerals.com

Tel.: (416) 304-9095

www.aureliusminerals.com