Drilling Program Starts at the Aurelian Condor Project.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 the 2005 exploration drilling program at its Condor project in southeastern Ecuador. Keith Barron Persondata NAME Keith Barron ALTERNATIVE NAMES SHORT DESCRIPTION English actor DATE OF BIRTH August 8 1936 PLACE OF BIRTH Mexborough, Yorkshire, England DATE OF DEATH PLACE OF DEATH Keith Barron , Vice President of Exploration says "Our latest surveys indicate that many of our individual gold prospects are on the flanks of continuous geophysical trends. In the core area of the concessions we should think in terms of big structures and not isolated gold zones. Some of these resistivity-chargeability anomalies are over 4 km in length and we haven't found the ends of them yet." The first diamond drill holes are designed to test an area of high resistivity resistivity Electrical resistance of a conductor of unit cross-sectional area and unit length. The resistivity of a conductor depends on its composition and its temperature. and chargeability coincident with a 600 metre wide conventional gold-in-soils and MMI (Man Machine Interface) See HMI. 1. MMI - Man-Machine Interface. 2. (company) MMI - The company which developed the first Programmable Array Logic devices. MMI was bought by AMD. geochemical anomaly. This is a prominent ridge where ridge and spur soil sampling has returned up to 1.4 gpt gold in soils. The area also represents a step out 300 metres south-southeast along the trend of the Bonza-Penas deposit where Aurelian previously released an inferred mineral resource of 517,100 oz of gold at a grade of 1.07 gpt over a strike length of 725 metres (PR 14-12-04). Previously the best intersection from 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 at the Bonza-Penas deposit was 2.31 gpt gold over 101 metres (PR 08-04-04). This program will consist of 6,000 metres of diamond drilling over a minimum of 40 holes and will test numerous geophysical trends (chargeability, resistivity and magnetics) which are coincident with favourable geology and geochemistry over the core concession area of 1,200 hectares. Two CAT 320 excavators are carrying out concurrent trenching programs in the core concession at proposed drill sites. Trenches excavated to date have intersected significant zones of quartz veining vein·ing n. Distribution or arrangement of veins or veinlike markings. , hydrothermal hydrothermal, hydrothermic relating to the temperature effects of water, as in hot baths. alteration and sulphides. Resistivity, chargeability and magnetic survey images can be viewed at http://www.aurelian.ca 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: 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 press release. 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 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. Aurelian Resources Inc. (TSX VENTURE:ARU) |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion