Quartz-carbonate veining and vuggy pyrite mineralization from a historic hole at Mikwam. (Image: Aurelius Minerals)
ONTARIO – Vancouver-based Aurelius Minerals has begun phase two drilling at its Mikwam gold property 160 km northeast of Timmins, in the Larder Lake division. A minimum of 4,000 metres will be drilled.
This spring, Aurelius releases highlights from the phase one drill program. The most promising assay was 3.7 g/t gold over 22 metres – 58% higher than the grade of the existing inferred resource. The intersection included 30.2 g/t over 1.0 metre and 7.16 g/t over 10.0 metres.
Earlier drilling confirmed several similarities to the gold mineralization at Hecla’s Casa Berardi gold mine in Quebec, according to the company.
Mikwam contains an estimated inferred resource of 1.81 million tonnes grading 2.34 g/t gold, containing an estimated 136,000 oz. of gold as reported in the 2016 technical report.
More details from the Mikwam project are posted at www.AureliusMinerals.com.