Aurelian Discovers A New Copper Porphyry Adjacent To The Bonza-Las Penas Gold-Silver Epithermal Deposit.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 discovery of a second copper porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. system at its Condor Project in SE Ecuador. Both porphyry systems are adjacent to the Bonza - Las Penas gold deposit. The Camp porphyry, immediately to the west of the Bonza - Las Penas gold deposit, was discovered during a short drilling campaign to test a large magnetic anomaly Magnetic Anomaly may refer to:
The discovery drill hole intercept occurs on the edge of the porphyry system which is defined by the magnetic survey as being over 500m wide, 800m long and open to the west. The hole was oriented with a 50 degree dip to the south. Additionally, the Tranca Loma porphyry copper system occurs on the east shoulder of the Bonza-Las Penas epithermal gold-silver deposit. The porphyry copper system has been previously defined by mapping, sampling and geophysical surveys Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. , including test pitting, trenching, IP and a magnetometer survey. This has delineated de·lin·e·ate tr.v. de·lin·e·at·ed, de·lin·e·at·ing, de·lin·e·ates 1. To draw or trace the outline of; sketch out. 2. To represent pictorially; depict. 3. a north-west trending porphyry copper target over 2 km in length and 600 m in width, open along strike. During June, a 3 hole, 650 m diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral program was completed at Tranca Loma (drill holes CP-05-36, 37 and 38). The drilling successfully intersected porphyry copper mineralisation in all three drill holes, with assays ranging from 277ppm to 0.52% Cu. Drill hole CP-05-37 showed a steady increase in copper grade down hole, with the last 75m assaying over 0.3% copper. The drill holes were either vertical or dipping 60 degrees to the east. Aurelian is currently assessing exploration options for the numerous porphyry copper targets in the area. --------------------------------------------------------------------- Drill hole Northing Easting Azimuth Dip Depth (m) Comment --------------------------------------------------------------------- CP-05-36 9581703 779051 90 -60 249.25 --------------------------------------------------------------------- CP-05-37 9581799 779329 vertical -90 301.75 --------------------------------------------------------------------- CP-05-38 9581500 779380 vertical -90 98.75 Hole abandoned --------------------------------------------------------------------- Total 649.75 --------------------------------------------------------------------- The adjacent Bonza - Las Penas deposit to the east has an inferred mineral resource of 15,030,000 tonnes grading 1.07 g/t gold and 11.6 g/t silver, over a strike length of 725 m and containing 517,000 ounces of gold and 5,605,500 ounces of silver. The deposit remains open in most directions (P.R. 14/12/04). The shear zone hosted epithermal system cuts across and overprints the earlier porphyry mineralisation immediately to the west and east. Three kilometers to the north, the regional exploration program has discovered a cluster of 3 angular quartz-copper sulphide (chalcopyrite chalcopyrite (kăl'kəpī`rīt, kăl`kōpī'rīt) or copper pyrites (pīrī`tēz, pə–), brass-yellow mineral, sometimes with an iridescent tarnish. and chalcocite chalcocite Sulfide mineral, Cu2S, that may be an important ore of copper. It belongs to a group of sulfide minerals formed at relatively low temperatures. Chalcocite alters to native copper and other copper minerals. ) boulders, 0.4 to 1m in size. Grab samples from the boulders assayed 2.28% Cu, 3.32% Cu and 6.31% Cu and 1.67g/t Au, 1.75g/t Au and 1.64g/t Au respectively. President Patrick Anderson Patrick Anderson may refer to:
adj. 1. Occupying the same area in space or happening at the same time: a series of coincident events. See Synonyms at contemporary. 2. with our Condor Gold Trend. We are beginning to glimpse the possibilities of a multi-commodity producing region." In other news, Aurelian is pleased to announce the conclusion of the first round of the regional stream sediment sampling program. Approximately 12,000 samples have been takern across the entire land position. Full results will be released as soon as they are compiled. Please note: There is a map available on CCNMatthews' website at the following address:www.ccnmatthews.com/docs/aru1128.doc 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 VENTURE: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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential 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. 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) |
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