Announcement Date: 2022-07-11
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Aurelius Minerals Inc.
Project name: Aureus East
Location: Canada
Commodities: Gold
Highlight: Initial Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, ON – Aurelius Minerals Inc. (TSX.V: AUL) (OTCQB: AURQF) (the “Company” or “Aurelius”) is pleased to announce its maiden Mineral Resource Estimate (“MRE”) for the 100% owned Aureus East Gold Project, with 162,700 ounces (“oz”) Indicated gold (“Au”) and 387,600 oz Inferred Au contained in the consolidated MRE. The MRE represents an important building block in delivering on the Company’s “Define/Refine/Re-Engineer” value creation strategy, as it demonstrates management’s successful interpretation of the deposit. The robustness of the MRE provides both an increased understanding and flexibility to the management team, as it further evaluates pathways to enhanced value creation at Aureus East, whether leveraging existing mill infrastructure and assets or focusing on a potential hub and spoke model collaboration with other operations. Nova Scotia’s growing gold mining belt includes a producing mine and multiple advanced deposits within a 100km radius of the Aureus East Project, providing opportunities to enhance value within a mining-friendly jurisdiction. Aurelius now has four distinct mineral resource estimates in Nova Scotia, with a strong potential for resource growth at each deposit. All deposits extend from surface and are open at depth.
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