Aurelian Resources Inc.: Trenching Confirms High Gold Values at the Condor Project.Business Editors TORONTO--(BUSINESS WIRE)--Jan. 21, 2004 94 Metres of 4.08 G/T G/T Gifted and Talented G/T Gain Over Temperature G/T Antenna Gain-to-System Noise Temperature Ratio Gold Returned from Bonza, and 5 Metres of 21.9 G/T Gold and 78.0 G/T Silver from Las Penas Aurelian Resources Inc. (TSXV: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 assay results from trenching on its 100% wholly owned Condor Project in southeastern Ecuador. The Bonza and Las Penas zones are areas of artisanal mine workings, approximately 2 km north of Aguas Mesas Norte, where Aurelian completed a first-phase drill programme in late 2003. Bonza was drilled in 1997-1998 by a previous operator. The best drill interval returned at that time was 115 metres of 1.58 g/t gold. The zone of 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. has been extended significantly by Aurelian, and all indications are that the Bonza and Las Penas zones represent one continuous zone of bedrock mineralization which joins up and carries beneath a shallow creek. Las Penas is an area of active mine workings where artesanal miners are extracting gold via shallow shafts and adits. It was not known in 1997-98. Bonza Zone A trench that was previously sampled in 1997 was cleaned out and extended, and sampled by continuous chip sampling along two metre lengths. The trench is oriented east-west, across the apparent strike of the zone. The zone consists of argillically altered to 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. andesite andesite Any member of a large family of rocks that occur in most of the world's volcanic areas, mainly as surface deposits and to a lesser extent as dikes and small plugs. volcanics, with variable disseminated pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. , cut by quartz stockwork veining vein·ing n. Distribution or arrangement of veins or veinlike markings. and breccias. The trench yielded an average of 4.08 g/t gold (uncut) along its entire length of 94 metres. It contains one very high assay of 123 g/t gold across 2 metres in quartz stockwork. If this assay is cut to 10 g/t gold, then the interval is 1.67 g/t gold. As can be seen from the values given below, the mineralization is open to both east and west. This trench has never been drilled, and is targeted for 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 in early February.
Sample number Northing Easting Assay (g/t)
gold
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170760 9582004 778637.8 1.035
170759 9582004 778639.8 2.790
170758 9582004 778641.6 0.896
170757 9582004 778643.8 1.365
170756 9582004 778645.8 1.210
170755 9582004 778647.8 4.210
170754 9582004 778649.8 1.300
170753 9582004 778651.8 1.395
170752 9582004 778653.7 1.220
170751 9582004 778655.8 1.240
170666 9582004 778657.9 123.000
170667 9582004 778659.7 1.825
170668 9582003 778661.7 2.320
170669 9582003 778663.7 3.720
170670 9582003 778665.6 2.220
170671 9582003 778667.7 1.520
170672 9582003 778669.6 3.950
170673 9582003 778671.7 1.565
170674 9582003 778673.7 1.515
170675 9582003 778675.8 1.875
170676 9582003 778677.8 1.560
170677 9582003 778679.8 1.485
170678 9582003 778681.7 1.660
170679 9582003 778683.7 4.080
170680 9582003 778685.7 1.450
170681 9582003 778687.7 0.896
170682 9582003 778689.7 1.060
170683 9582003 778691.7 1.435
170684 9582003 778693.7 1.800
170685 9582002 778695.8 1.675
170686 9582002 778697.7 1.970
170687 9582002 778699.7 1.040
170688 9582002 778701.8 0.753
170689 9582002 778703.8 1.020
170690 9582002 778705.8 1.355
170691 9582002 778707.7 1.135
170692 9582002 778709.7 0.625
170693 9582002 778711.7 1.425
170694 9582002 778713.8 0.901
170695 9582002 778715.8 0.620
170696 9582002 778717.8 0.425
170697 9582002 778719.8 0.412
170698 9582002 778721.8 0.502
170699 9582001 778723.8 0.514
170700 9582001 778725.7 0.706
170701 9582001 778727.7 0.529
170702 9582001 778729.8 0.376
Las Penas Several short trenches have been dug in this area, in the vicinity of active and abandoned mine workings. Present feed for the four-man mining operation at the site is coming from a recently discovered 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. quartz and rhodochrosite rhodochrosite Carbonate mineral composed of manganese carbonate (MnCO3), a source of manganese for the ferromanganese alloys used in steel production. It is commonly found in ore veins formed at moderate temperatures, in high-temperature metamorphic deposits, and vein exposed in a shallow pit. This vein was sampled across its width and averaged 21.91 g/t gold and 77.98 g/t silver from five adjacent one-metre continuous chip samples. A characteristic of the Las Penas zone is high silver values from vein material. Two other trenches yielded 1.65 g/t gold over 20 metres (samples 170730 to 170742) and 0.97 g/t over 28 metres (samples 170703 to 170709). Both trenches ended in mineralization. They lie in andesite that is cut by drusy Dru´sy a. 1. (Min.) Covered with a large number of minute crystals. stockwork quartz veining. The trenches lie west and northwest of a previous drill hole which is north of a half kilometer gap which has never received drilling. These trenches are approximately 475 metres south of the trench in the Bonza zone (above results). Soil sampling and pitting carried out in 1997-98 defined a 2 km-long coherent gold anomaly in which Las Penas and Bonza sit. Aurelian will systematically test this zone for grade and continuity by diamond drilling. It represents a potential bulk-tonnage type gold target. Within this target are also higher grade discrete veins. Samples were dispatched from the field to ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex Laboratories Limited preparation laboratory facility in Quito, under security escort. Samples were shipped in single-use plastic bags and securely sealed with tamperproof tam·per·proof adj. Designed to prevent tampering or provide evidence of tampering: tamperproof aspirin containers. ties. Analysis was performed by ALS Chemex Laboratories Limited (an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 Registered Assay Laboratory) in Vancouver, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography . Each sample was submitted to 30 gram charge gold fire assay with instrumental finish and multi-element ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. analysis. Samples assaying greater than 10 g/t were further fire assayed using gravimetric gravimetric /grav·i·met·ric/ (grav?i-me´trik) pertaining to measurement by weight; performed by weight, as a gravimetric method of drug assay. grav·i·met·ric adj. 1. methods. Peter W. Stewart, Ph.D., P.Geo., who is the company's Qualified Person for purposes of NI 43-101, has verified the data disclosed in this press release. Work is at a preliminary stage and to date there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in discovery of a mineral resource on the property. 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 responsibility for the adequacy or accuracy of this release. |
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