AURELIAN RESOURCES INC.
NEWS RELEASE Trading Symbol ARU:TSX-V
September 14th, 2006
For immediate release
Aurelian Intersects 107.5 Metres Grading 5.01 g/t and 173.0 Metres Grading 4.73 g/t of Gold in Drilling, Extending the Strike of the FDN Epithermal Gold-Silver Discovery by 200 Metres
TORONTO, ON Aurelian Resources Inc. (ARU:TSX-V) today announced assayresults from three additional drill holes from the buried epithermal gold-silver discovery at Fruta Del Norte (FDN) on its wholly-owned Condor Project in southeastern
Ecuador. These include a 107.5 metre interval grading 5.01 g/t of gold (Au) and 7.1 g/t of silver (Ag) in drill hole CP-06-64, a 173 metre interval grading 4.73 g/t Au and 6.8 g/t Ag in drill hole CP-06-65 and a 191.72 metre interval grading 3.97g/t
Au and 6.4 g/t Ag in CP-06-66.
Maps, cross sections, photos and full gold and silver assay data from this and previous press releases may be viewed at www.aurelian.ca.
“High grade gold mineralization has now been shown to extend over a strike length of approximately 600 metres of the FDN discovery.” says Aurelian President & CEO Patrick F. N. Anderson. “While one rig continues to test the FDN deposit, the second rig has been moved by helicopter approximately three kilometres to the south to test the Las Arenas prospect, a promising target within the same pull-apart basin
structure that hosts FDN. We will deploy additional drill rigs, as they arrive on site, to the FDN deposit and other regional targets”.
Uncut data
500N
Drill hole
From To Interval
(m) (m) (m) Au g/t Ag g/t
CP-06-64 143.00 151.65 8.65 1.45 3.6
CP-06-64 159.00 266.50 107.50 5.01 7.1
including 197.00 234.00 37.00 10.64 12.6
CP-06-64 273.00 306.00 33.00 0.66 4.8
CP-06-64 311.50 336.00 24.50 2.27 3.3
CP-06-64 360.00 374.50 14.50 1.77 4.6
CP-06-64 389.50 394.00 4.50 2.76 4.6
600N
CP-06-66 152.00 156.70 4.70 1.96 2.4
CP-06-66 177.78 369.50 191.72 3.97 6.4
including 222.14 342.85 120.71 5.50 7.0
& including 252.46 288.31 35.85 10.45 10.7
CP-06-66 375.75 391.70 15.95 5.07 24.6
CP-06-66 399.70 414.70 15.00 0.50 5.8
CP-06-66 430.20 437.20 7.00 0.45 13.0
CP-06-66 445.25 452.70 7.45 0.78 22.6
CP-06-66 467.20 473.35 6.15 0.61 24.0
700N
CP-06-65 137.80 179.90 42.10 2.05 8.1
including 155.90 173.90 18.00 3.54 9.4
CP-06-65 187.90 360.90 173.00 4.73 6.8
including 207.80 281.35 73.55 8.43 12.1
CP-06-65 367.70 399.00 31.30 5.82 6.7
including 377.70 379.70 2.00 28.10 14.3
and 388.05 390.00 1.95 14.58 23.9
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.
Drill hole CP-06-64 was collared on section 9583600N and drilled eastward at an azimuth of 86º with a dip of -58º at the collar. The hole passed through 136 metres of basin fill (Suarez Formation), then penetrated a narrow fault zone before intersecting a broad zone of silicification, epithermal quartz-carbonate ± sulphide stockwork veining and brecciation in andesites. The longest continuous interval of
mineralization (107.5 metres @ 5.01 g/t Au and 7.14 g/t Ag) from 159m to 266.5m is flanked above and below by shorter lower grade intervals (see table for details). The quoted interval contains a 37 metres wide higher grade zone grading 10.64 g/t Au and 12.6 g/t Ag that is associated with intense silicification, white quartz-carbonate veins and iron sulphide mineralization. Three occurrences of visible gold (electrum)
have been logged in the drill hole. Sparse epithermal quartz veining occurs in moderately silicified andesite to the end of the hole (420.35m). CP-06-65 is an east-directed hole (azimuth 093°, dip of -60º at the collar), on section 9583700N, almost directly north of hole CP-06-64. A narrow fault zone separates the overlying volcano-sedimentary sequence from strongly silicified andesitic volcanics with epithermal stock-work veining and brecciation typical of the FDN
system. The main epithermal vein interval assayed 4.73 g/t Au and 6.8g/t Ag over 173 metres. Five occurrences of visible gold (electrum) occur in the interval. CP-06-66 was drilled to test the system down dip from CP-06-64. The hole was collared from the same drill platform and drilled in the same easterly direction as CP-06-64 but with a steeper dip (-70 degrees at the collar). The drill hole also intersected intense epithermal stock-work veining and brecciation assaying 3.97g/t
Au and 6.4g/t Ag over 191.72 metres in the main interval which includes a higher grade zone of 120.71 metres @ 5.50g/t Au and 7.0g/t Ag. Multiple occurrences (14) of visible gold (electrum) occur within the interval. Twenty-seven diamond drill holes have been completed at the FDN prospect to date. The present and previous press releases describe the results from 17 of these holes. Drilling continues to target the epithermal system. Visual logging of core from drill holes without assays indicates that the mineralization continues northward to line
9583800N. This gives a strike length of at least 700 metres to the FDN mineralized structure. Drill results will be released as analytical data are received, validated and compiled. A post-mineralization, north northeast trending, steeply east dipping fault has been intersected at the north end of the system, truncating the mineralization at approximately 9583900N. A preliminary interpretation of this structure is that it has offset the mineralization to the north northeast. The area is currently being mapped in detail before additional north-directed step outs are continued. The FDN target is interpreted to be an intermediate sulphidation epithermal goldsilver system. The deposit is buried by dominantly post-mineralization conglomerates (Suarez Formation) of Jurassic age within a pull-apart basin. The hydrothermal system is characterized by a combination of multiphase quartzcarbonate-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 eastdipping
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.
The Fruta del Norte deposit is characterized by anomalous arsenic and antimony values at surface, and is spatially related to nearby lower grade epithermal mineralization at Bonza-Las Peñas. Aurelian geologists interpret the Bonza-Las Peñas system as a leakage anomaly from the main mineralized zone at FDN. In a similar fashion, the Las Arenas prospect is defined by a soil arsenic-antimony anomaly located within the conglomerate filled basin in the same fault bounded corridor as FDN. The mineralization at Aguas Mesas is in a similar spatial position to Las Arenas as Bonza-Las Peñas is to FDN, and may represent a similar leakage anomaly from a more strongly mineralized core at Las Arenas.
Samples consist of half NQ, NTW and BTW-size diamond core that are split by diamond saw on site, prepared at the ALS Chemex laboratory in Quito, and assayed by 50g fire assay with an ICPAES or gravimetric finish at the ALS Chemex Vancouver Laboratory. The quality assurance-quality control (QA-QC) program of Aurelian includes the insertion of certified standards of known gold content every 20 samples, blanks at least every 20 samples and field or lab duplicates every 20 samples. Samples from significant drill intercepts are sent to two additional laboratories to verify gold and silver analyses. The remaining half core is retained on.....
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