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AURELIAN RESOURCES INC.
NEWS RELEASE
Trading Symbol ARU:TSX-V
June 21, 2006
For immediate release
Aurelian Intersects 255 Metres Grading 12.55 g/t of Gold in Drilling at the
FDN Epithermal Gold-Silver Discovery
TORONTO, ON Aurelian Resources Inc. (ARU:TSX-V) today announced a 255
metre intercept grading 12.55 g/t of gold and 15.9 g/t Ag, at its wholly-owned
Condor Project in southeastern Ecuador. The intercept is from diamond drill hole
CP-06-58 at the buried epithermal gold-silver discovery at Fruta Del Norte (FDN).
Maps, cross sections, photos and full gold and silver assay data may be viewed
at www.aurelian.ca.
Results are summarized in the tables below. Intervals containing high-grade
assays have been re-calculated using an arbitrary 31.1 g/t Au top cut.
Preliminary geostatistics indicate that a much higher top-cut would be used in
resource modelling.
Uncut data
Cross
section
9583400N
Drill hole
From (m)
To (m)
Interval (m)
Au g/t
Ag g/t
CP-06-58
212.65
467.65
255.00
12.55
15.9
including
315.45
340.80
25.35
37.00
19.4
and
380.60
382.35
1.75
70.40
60.8
and
397.05
432.00
34.95
40.26
60.9
Note: intervals are calculated using a lower cut of 0.5g/t Au and no top cut, they include a maximum
of 5m internal waste.
lntervals with a top cut of 31.1g/t Au
Cross
section
Drill hole
From (m)
To (m)
Interval (m)
Au g/t
Ag g/t
9583400N
212.65
467.65
255.00
6.88
15.9
CP-06-58
Note: intervals are calculated using a lower cut of 0.5g/t Au and a top cut of 31.1g/t Au, they include a
maximum of 5m internal waste.
The drill hole is located on section 9583400N, collared 47m west of the
previously released intercept from drill hole CP-06-57 (PR 06/06/2006). The drill
hole was drilled with an azimuth of 90° and a dip of 63° at the collar, increasing to
70° by the end of hole.
The FDN target is interpreted as a low to intermediate sulphidation epithermal
gold-silver system. The mineralization is within a pull-apart basin and buried by
conglomerate that is dominantly post-mineralization. The system is characterized
by multiphase quartz-carbonate-sulphide stock work veining and hydrothermal
brecciation within intensely silicified andesitic volcanics.
Also on section 9583400N, drill hole CP-06-59 has been completed further west.
Two additional drill holes have been completed (CP-06-60 and 62) on section
9583500N, all three holes have intersected strong epithermal stock work veining
and brecciation with visible gold. A scissor hole is in progress on section
9583400N.
The recent drilling supports the interpretation that the mineralization dips westerly
as indicated by vein orientations in drill core and geologic mapping. The
mineralized system is interpreted to strike north-south. There is still insufficient
data to estimate a true width of the system.
Drill hole CP-06-58 intersected 15 occurrences of visible gold over the 255 metre
interval. It occurs as fine disseminations in quartz veins and breccias, as fine
seams or as larger pieces in quartz veins. Dendritic growths of gold have also
been observed.
Over-limit assays for a 35cm sample from drill hole CP-06-57, reported in a
previous press release (06/06/2006) as >1000g/t Au have been received. The
sample assays 2304.8g/t Au.
Drilling is comprised of NQ diamond core. The samples are sawed half core and
were assayed at ALS Chemex’s Vancouver Laboratory by 50g fire assay with an
ICPAES or gravimetric finish. As part of quality-assurance, quality-control
(QAQC) certified standards of known gold content are inserted every 20
samples, blanks at least every 20 samples and field or lab duplicates are taken
every 25 samples. Standards, blanks and duplicates make up approximately
15% of the samples assayed. Half core samples have been retained on site for
verification and reference purposes.
Stephen Leary, MAusIMM, is acting as Qualified Person in compliance with
National Instrument 43-101 with respect to this release. He has reviewed the
contents for accuracy.
About Aurelian:
Aurelian Resources Inc. is a publicly-listed (TSX-V:ARU) junior resource
company engaged in the business of exploring, discovering and developing
mineral wealth in Ecuador. The Condor Project properties are located in
southeastern Ecuador and consist of 38 mining concessions totalling
approximately 95,000 hectares.
Forward Looking Statement:
Some of the statements contained herein may be forward-looking statements which involve known and
unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and
resources, exploration results, and future plans and objectives of the Company are forward looking
statements that involve various degrees of risk. The following are important factors that could cause the
Company’s actual results to differ materially from those expressed or implied by such forward looking
statements: changes in the world wide price of mineral commodities, general market conditions, risks
inherent in mineral exploration, risks associated with development, construction and mining operations, the
uncertainty of future profitability and the uncertainty of access to additional capital.
Aurelian Resources Inc.
Patrick F. N. Anderson
President & CEO
Phone: (416) 868-9100
Fax: (416) 868-1807
[email protected]
www.aurelian.ca
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.