Drilling by Aurelian Resources (ARU-V, AUREF-O) has delivered another long intersection of high-grade gold from the Fruta del Norte (FDN) discovery on its Condor project in southeastern Ecuador.
Hole no. 58, the latest in a growing series of impressive holes, yielded a 255-metre core interval running an uncut 12.55 grams gold and 15.9 grams silver per tonne, beginning 212.7 metres down hole. Included are 25.4 metres (from 315.5 m) of 37 grams gold and 19.4 grams silver, and 35 metres (from 397 m) of 40.3 grams gold and 60.9 grams silver. The hole includes 15 occurrences of visible gold as fine disseminations in quartz veins and breccia, as fine seams, and as coarser grains. Dendritic growths of gold have also been observed.
The section’s grade slips to 6.9 grams gold and 15.9 silver when higher-grade assays are cut to 31.1 grams.
The hole was collar 47 metres west of, and designed to undercut, previously reported hole no. 57 (189 metres of 24 grams uncut, or 9.47 grams gold cut). A scissor hole is under way.
Hole no. 59, on the same section and two other holes on a section 100 metres to the north all cut epithermal stockwork veining and brecciation with visible gold. Assay results are pending.
Fruta Del Norte is interpreted as a volcanic-hosted, low-to-intermediate sulphidation epithermal system buried under 165 to 260 metres of conglomerate that is predominantly post-mineralized. Multiphase quartz-carbonate-sulphide stockwork veining and hydrothermal brecciation characterize the mineralized system. There appears to be two dominant vein sets, a shallow-to-moderately west-dipping set and another set dipping steeply to the west.
Shares in Aurelian were off 85, or 3.7%, at $21.85 in afternoon TSX Venture Exchange trading following the news on June 21.
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