Aurelian Intersects 237 Metres Averaging 4.14 g/t of Gold and 60 Metres Averaging 3.42 g/t in Initial Drill Program at the New FDN Epithermal Gold-Silver Discovery
Aurelian Resources Inc. (TSX VENTURE:ARU) today announced a 237.25 metre intercept grading 4.14 g/t of gold and a 60 metre intercept grading 3.42 g/t of gold at its wholly-owned Condor Project in southeastern Ecuador. These results are from two of six holes completed at the FDN blind epithermal gold-silver discovery. Results have been received for four holes. The intersections are approximately 1km north of the Bonza-Las Penas (B-LP) epithermal gold-silver deposit (see press release dated Dec. 14, 2004), and are interpreted to be the northern continuation of that system which has now been mapped for over 3km. To date, there has been no drilling between the current program at FDN and the B-LP deposit.
"With this discovery we have added more than a kilometre of strike length to the B-LP deposit that we targeted and drilled in 2004 and 2005," says Aurelian President & CEO Patrick F. N. Anderson. "The first two holes of the program aided us in modeling the geometry of the system and the second two holes have proven the existence of an extensive, mineralized system with grade at depth. The intensity of the mineralization at FDN is an order-of-magnitude stronger than we see at B-LP."
Mr. Anderson said the two holes that intercepted grade are separated by a strike length of over 90 metres and both are open at depth. "The drill is currently working to complete the final four holes of the program. These results will be released when they are received. Given the strength of the numbers reported so far we are working to develop a drill program that will identify a resource on this new discovery."
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