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Aurelian Intersects 135 Metres Grading 9.78 g/t and 171 Metres Grading 3.84 g/t of Gold in Drilling at FDN
Wednesday November 1, 10:06 am ET
TORONTO, ONTARIO--(CCNMatthews - Nov. 1, 2006) - Aurelian Resources Inc. (TSX VENTURE:ARU - News) today announced
assay results from five additional drill holes from the buried epithermal gold-silver
discovery at Fruta Del Norte (FDN) on its wholly-owned Condor Project in south-eastern Ecuador. These include
a 135 metre interval grading 9.78 g/t gold (Au) and 22.8 g/t silver (Ag) in drill hole CP-06-72, and a 171
metre interval grading 3.84 g/t Au and 4.7 g/t Ag in drill hole CP-06-74. The intercept
in CP-06-74 includes a higher grade zone of 88.38 metres grading 6.23 g/t Au and 3.2 g/t Ag.
Maps, cross sections, photos and full gold and silver assay data from this and previous press releases may be viewed at www.aurelian.ca.
"The intersection of strong mineralization on section 9583100N, and visible gold on section 9582900N,
supports our model for the continuation of the system underneath the sandstone cover to the south." says
Aurelian President & CEO Patrick F. N. Anderson, "The intercept on line 9583500N gives us
further insight to the geometry of the higher grade part of the system which we interpret to plunge to the north. We are
planning further deep drilling to delineate the higher grade trend on this section and on 9583600N."
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Uncut data
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Cross From To Interval
section Drill hole (metres) (metres) (metres) Au g/t Ag g/t
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CP-06-74 313.20 485.00 171.80 3.84 4.7
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9583100N including 340.28 428.66 88.38 6.23 3.2
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CP-06-74 503.58 526.85 23.27 1.84 7.7
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CP-06-74 559.50 560.50 1.00 16.85 14.1
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CP-06-72 281.00 295.80 14.80 0.73 2.2
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CP-06-72 302.66 438.00 135.34 9.78 22.8
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Including 329.00 432.70 103.70 12.27 28.1
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9583500N or 378.00 420.60 42.60 19.74 43.7
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or 416.15 419.60 3.45 100.48 99.3
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CP-06-72 446.60 451.70 5.10 0.56 16.7
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CP-06-72 487.60 504.00 16.40 0.79 28.5
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CP-06-71 394.00 404.00 10.00 2.71 7.1
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9583800N CP-06-71 416.00 435.00 19.00 2.06 4.0
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CP-06-71 441.00 477.05 36.05 3.65 4.9
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CP-06-73 not sampled
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9583900N CP-06-70 266.90 275.00 8.10 1.69 4.4
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Note: intervals are calculated using a lower cut of 0.5g/t Au and no
top cut, they include a maximum of 5m internal waste.
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CP-06-70 is the most northerly hole drilled at FDN to date and is located on line 9583900N.
The hole was drilled eastward at azimuth 091 degrees and a dip of -61 degrees at the collar. After traversing 205m of basin
fill conglomerate (Suarez Formation) the hole intersected a fault and then propylitic andesite before passing
through a second fault at 265m and into a narrow zone of brecciated epithermal vein material that assayed
8.10 metres grading 1.69 g/t Au and 4.4 g/t Ag.
CP-06-71 was drilled on section 9583800N to the west of hole CP-06-69, with an azimuth of 090 degrees
and a dip of -62 degrees at the collar. The hole intersected 242 metres of basin fill conglomerate (Suarez
Formation) and a broad zone of propyliticaly altered andesite before drilling through a partially mineralized
fault zone (10.m @ 2.71g/t Au and 7.1 g/t Ag) and into epithermal veining at a depth of 416 m, the
mineralized intervals from this zone include 36.05 metres grading 3.65 g/t Au and 4.9 g/t Ag and
19.0 metres grading 2.06 g/t Au and 4.0 g/t Ag.
CP-06-73 (azimuth 092 degrees/dip -73 degrees) was also located on section 9583800N, approximately
70 metres west of CP-06-71. The hole was designed to test the block west of the west fault for offset
mineralization. The hole traversed 372 m of Suarez Formation, with both conglomerate and a significant
interval of fine sandstone and siltstone, before entering intensely propyliticaly altered andesite to the end of hole
(603.35m). No significant veining or mineralization was encountered and the hole was not sampled.
CP-06-72 was drilled on line 9583500N to the west of drill hole CP-06-62 with an azimuth of 089 degrees
and a dip of -70 degrees at the collar. The hole intersected 245 metres of Suarez Formation conglomerate
before crossing a fault and entering intense epithermal stockwork veining and brecciation with visible gold.
The main interval returned assays of 135.0 metres @ 9.78 g/t Au.
Drill hole CP-06-74 was drilled on section 9583100N, between holes CP-06-53 and CP-06-54, with an azimuth
of 91 degrees and a dip of -59 degrees at the collar. The hole was designed to test the intensity of
mineralization between the two previous intercepts on this line. The hole passed through 300 metres of Suarez
Formation, and entered a broad zone of silicification, epithermal quartz-carbonate plus or minus sulphide
stockwork veining and brecciation in andesites. The longest interval of mineralization (171.80 metres @ 3.84
g/t Au and 4.7 g/t Ag) from 313.2 to 485.0 m shows the system is more strongly mineralized than was
apparent from previous drill holes.
At the southern end of the FDN deposit on section 9582900N (Azimuth 90, dip 60 at the collar), drill hole
CP-06-83 has intercepted epithermal mineralization. The mineralization occurs as a zone of epithermal
stockwork and brecciation (approximately 50 metres down hole length). At depth, a number of widely
spaced, narrow (up to 1 metre down hole length) quartz-carbonate epithermal veins with significant visible gold
were intercepted. The veins are surrounded by narrow zones of stockwork veining and brecciation.
Thirty-two diamond drill holes have been completed at the FDN prospect to date, including new holes to
the south on lines 9583000N and 9582900N. The present and previous press releases describe the results from
twenty-six of these holes. A further four holes have been completed at Las Arenas, and drill results for both
FDN and Las Arenas will be released as analytical data are received, validated and compiled.
The FDN target is interpreted to be an intermediate sulphidation epithermal gold-silver system. The deposit
is buried by dominantly post-mineralization basin infill sediments (Suarez Formation) of Jurassic age within a
pull-apart basin. The hydrothermal system is characterized by a combination of multiphase quartz-carbonate-sulphide
stock work veining and hydrothermal brecciation within intensely silicified andesitic volcanic
rocks that underlie the basin. In the southern part of FDN (south of 9583500N), the system is interpreted to
dip moderately to steeply westward with a vertical structure bounding it to the east, and is cut by a steep
east-dipping fault to the west. At the north end of the system (including and north of line 9583500N) the vein
orientations and correlation of mineralization between drill holes indicates that the system is vertical. This
makes the true width of the system between 45% and 60% of the down hole intervals reported in this press release. |
