Aurelian Commences Drilling on the Fruta Del Norte Epithermal Gold-Silver Targets.TORONTO -- Aurelian Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ARU ARU Australian Rugby Union ARU Anglia Ruskin University (Cambridge and Chelmsford, UK) ARU Audio Response Unit ARU Ardhi University (Tanzania) ARU Aquarium Rescue Unit (band) ) is pleased to announce the start of drilling at the Fruta Del Norte ("FDN FDN Foundation FDN Fully Distinguished Name FDN Fixed Dialing Number (telecommunications) FDN Florida Digital Network FDN Fuerza Democratica Nicaraguense (Nicaraguan Democratic Force) ") epithermal gold-silver targets. FDN is 1 kilometre to the north of Bonza-Las Penas and is interpreted to be the northward continuation of this epithermal gold-silver deposit. The program will include at least 1000 metres of diamond drilling to test the targets before the rig will be mobilized to the Sandia copper porphyry (formally the FDN copper porphyry target). Company President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Patrick F. N. Anderson states, "I'm excited to report that exploration is proceeding rapidly on the multiple anomalies produced by last year's regional stream sediment program. We have already drill tested a copper porphyry target (assays pending) and the drill is now on a new epithermal gold-silver target that could add over a kilometer to the strike extent of the gold-silver system at the Bonza-Las Penas deposit. Additional gold and copper porphyry targets are being brought to drill readiness." The drilling at FDN will test two targets. The first is a strong induced polarization (IP) chargeability and resistivity geophysical target which is directly along strike from epithermal mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. at Bonza-Las Penas. The anomaly suggests the mineralisation at Bonza-Las Penas may continue for an additional 1500m. The target is completely buried beneath sandstone cover that is estimated at between 20 and 50 metres thickness. The second epithermal gold-silver target at FDN was identified by geological mapping. This is a zone of silicification si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. and epithermal veining vein·ing n. Distribution or arrangement of veins or veinlike markings. that trends north-south and runs parallel to the FDN IP anomaly target, 150m further west. Large boulders up to 5m in width of silicified si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. conglomerate with chalcedonic chal·ced·o·ny also cal·ced·o·ny n. pl. chal·ced·o·nies A translucent to transparent milky or grayish quartz with distinctive microscopic crystals arranged in slender fibers in parallel bands. , banded and crackle crackle /crack·le/ (krak´'l) rale. brecciated brec·ci·ate tr.v. brec·ci·at·ed, brec·ci·at·ing, brec·ci·ates To form (rock) into breccia. brec epithermal quartz with fine pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. were initially identified in a small stream and traced back to outcrops. The silicification has now been mapped for a strike of over 450m and is open along strike where it trends under post-mineralisation sandstone. The zone of silicification is at least 20m wide but poor outcrop in the area has not allowed an accurate estimate of the width of this target. The mapped epithermal mineralisation also has a coincident resistive resistive /re·sis·tive/ (re-zis´tiv) pertaining to or characterized by resistance. and chargeability anomaly. The epithermal suite of elements is highly elevated in this area of quartz flooding, with notable levels of arsenic (up to 4710 ppm), antimony antimony (ăn`tĭmō'nē) [Lat. antimoneum], semimetallic chemical element; symbol Sb [Lat. stibium,=a mark]; at. no. 51; at. wt. 121.75; m.p. 630.74°C;; b.p. 1,750°C;; sp. gr. (metallic form) 6. (up to 906 ppm), barium (up to 2370 ppm) and mercury (up to 78 ppm), with anomalous gold (up to 1.92 g/t). These pathfinder elements are commonly enriched in the upper levels of epithermal gold systems. The samples taken from outcrop and float during recent mapping of this target are listed in the table below: --------------------------------------------------------------------- Sample Number Au g/t Ag g/t As ppm Ba ppm Hg ppm Sb ppm --------------------------------------------------------------------- 151754 0.57 1.5 4440 710 28 708 --------------------------------------------------------------------- 151758 0.47 1.8 2370 170 14 264 --------------------------------------------------------------------- 151759 0.78 3.1 4710 460 27 906 --------------------------------------------------------------------- 151760 0.19 0.2 1650 280 4 544 --------------------------------------------------------------------- 151761 1.92 1.2 886 2370 13 178 --------------------------------------------------------------------- 151762 0.11 less than 0.2 186 30 1 43 --------------------------------------------------------------------- 151763 0.07 less than 0.2 120 20 less than 1 34 --------------------------------------------------------------------- 151764 0.03 0.2 381 20 1 41 --------------------------------------------------------------------- 151767 0.05 2.5 1810 40 78 200 --------------------------------------------------------------------- 151768 0.11 0.5 520 50 5 84 --------------------------------------------------------------------- Recent mapping has also identified a large normal fault that cuts across the Bonza-Las Penas-FDN structure and has dropped the FDN target area approximately 250m relative to the Bonza-Las Penas epithermal system. Consequently, FDN is modeled as the upper, un-eroded level of the Bonza-Las Penas system. If FDN is indeed a continuation of the epithermal system, it would increase the strike length of the system to over 3 kilometers. Stephen Leary, MAusIMM, is acting as Qualified Person in compliance with National Instrument 43-101 with respect to this release. He has reviewed the contents for accuracy. About Aurelian: Aurelian Resources Inc. is a publicly-listed (TSX-V:ARU) junior resource company engaged in the business of exploring for, with the ultimate goal of developing and producing, precious and/or base metals from its properties located in southeastern Ecuador which consists of 38 mining concessions totaling approximately 95,000 hectares. Forward Looking Statement: Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. THE TSX VENTURE EXCHANGE TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. HAS NOT REVIEWED AND DOES NOT ACCEPT RESP RESP Response RESP Registered Education Savings Plan (Canada) Resp Responsibility Resp Respektive (Sweden: respectively) Resp Respiration RESP Respironics, Inc. ONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Aurelian Resources Inc. (TSX VENTURE:ARU) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion