Aurelius Minerals Commences Exploration Program at Lipton Property, Abitibi Greenstone Belt
TSX VENTURE: AUL
VANCOUVER, British Columbia, July 20, 2017 (GLOBE NEWSWIRE) -- Aurelius Minerals Inc. (TSX.V:AUL) (the “Company” or “Aurelius”) is pleased to announce that the Company has commenced the Phase One 2017 exploration program on the Lipton Property, located approximately 20 kilometres (“km”) south of Detour Gold Corporation’s Detour Gold mine and approximately 4.5 km south of the 58-N discovery. The program includes an induced polarization (IP) geophysical survey and approximately 2,000 meters (“m”) of diamond drilling. The drill program is designed to test and expand the area of the Mafic and Contact Gold Zones at Lipton and to test the larger and untested northern magnetic anomaly at the interpreted fold nose.
“We are excited to commence our first full scale exploration program on the Lipton Property in the Lower Detour area,” stated Aurelius President & CEO, Mark N.J. Ashcroft, P.Eng. “We look forward to further defining and understanding the geology of this historically underexplored area with this season’s work.”
The Lipton property consists of 11,593 hectares and is located 150 km north-east of Cochrane, Ontario in the Abitibi Greenstone Belt, a prolific area of gold production that has produced in excess of 170 million ounces of gold since 1901. Aurelius is the second largest landholder on the Ontario side of the border in this camp, after Detour Gold. The Lipton property has been subject to various exploration campaigns since the late 1950s, but Aurelius is the first group to systematically compile all of the datasets into one complete set. Historical results at the Lipton property include 10.7 grams per tonne (“gpt”) over 9 m (Better Resources, 1996) and 13.72 gpt over 7.7 m (Dentonia Resources Ltd., 2006).
Mr. Jeremy Niemi, P.Geo., the Company’s Qualified Person as defined by National Instrument 43-101 for the Abitibi Greenstone belt properties, has reviewed and approved the technical information in this release.
Aurelius is a premier gold exploration company, holding the Mikwam and Lipton Properties within the prolific northern Abitibi Gold belt in Ontario, Canada. The Company has a sound management team with experience in all facets of the mineral exploration and mining industry who will be considering additional acquisitions of advanced staged opportunities in the Abitibi and other proven mining districts.