Aurelian Resources Inc. announced additional drill results from the Fruta Del Norte (“FDN”) gold-silver deposit discovered in its Condor Project in southeastern Ecuador. The results are from infill holes in the central high grade part of the system on 50 m spaced sections.
“We continue to drill aggressively, with three rigs now pursuing the blue sky potential of the Condor project,” says Patrick F.N. Anderson, President and CEO. “A powerful rig is drilling a deep hole just west of the west fault, testing for the faulted extension of the FDN deposit at depth. Two other rigs are drilling fences of holes south of FDN across the Suarez pull-apart basin to test if additional buried epithermal systems exist. Four additional diamond rigs are drilling a combination of infill holes for an updated resource later this summer and metallurgical holes and geotechnical holes are planned to begin on proposed infrastructure locations in the next few weeks.”
The results from the infill holes include 144.05 metres grading 7.41 g/t of gold (“Au”) and 12.4 g/t of silver (“Ag”) in CP-07-185 on section 9583350N, and 168.93 metres grading 13.16 g/t of Au and 13.0 g/t of Ag in CP-07-176, which traverses between section 9583350N and 9583400N. On section 9583550N, drill hole CP-07-188 returned a best intercept of 76.00 metres grading 7.28 g/t Au and 7.7 g/t Ag and CP-07-189 returned 53.30 metres grading 7.36 g/t Au and 9.9 g/t Ag.
As of October 2007, calculations at the FDN deposit returned an initial inferred mineral resource of 58.9 million tonnes grading 7.23 g/t of gold and 11.8 g/t of silver for 13.7 million ounces of contained gold and 22.4 million ounces of contained silver, determined at a cut off grade of 2.3 g/t gold-equivalent (ARU PR 4/10/2007). The results reported in this release were not included in that calculation.
Mineralized intercepts (uncut and cut) from six recent FDN drill holes are tabulated below followed by brief descriptions of each hole. The intercepts are calculated with the 2.3 g/t Au Eq lower cut, the same used in the inferred resource estimate; this cut off is used in the description of results in the following text (unless otherwise stated).
Maps, cross sections, photos, gold and silver assay data from this and previous press releases may be viewed at www.aurelian.ca.