Aurelius Minerals Inc (TSX.V: AUL) is a Canada-based mining company that focuses on developing and exploring gold deposits.
Through its subsidiary, Aureus Gold Inc, the company also engages in exploration projects.
The firm is listed on junior equity platform TSX Venture Exchange with ‘AUL’ trading symbol.
In addition to the TSXV, the Toronto-based mining company is also listed on the OTCQB Market, the United States, and trades its common stock under the symbol ‘AURQF’.
The gold exploration company mainly focuses on exploring its Aureus Gold project in Nova Scotia and Ontario.
Its portfolio of Nova Scotia Properties include:
• Forest Hill Property
• Aureus East Mine
• Tangier Property
• Aureus West Property
In addition, the projects in Ontario include Mikwam Property and Lipton Property.
The company acquires 100 per cent interest in this property, consisting of 69 Cell Claims. It covers a land package of 968 hectares near the Abitibi greenstone belt.
It is situated approximately 160 kilometers from NE Timmins, and proximal to the Casa Berardi deformation area. The property is enclosed by Detour Gold’s Burntbush.
It targets the quartz-carbonate vein system. The property consists of 40 boundary cell and 29 single cell mining claims.
According to the NI 43-101 estimate report of the property, the mining firm says that inferred mineral resources is nearly 1.81 million tons, including 136,000 ounces of gold with an average grade of 2.34 Au g/t.
The Harricana-Turgeon belt hosts polymetallic properties and various renowned gold mines, including Eagle Mine, Casa-Berardi mine and Detour mine.
Aureus East Mine
The company’s wholly owned subsidiary Aureus Gold Inc owns and operates 100 per cent stake at this property. It consists of 66 mineral claims covering a land package of approximately 1,068 hectares.
Aurelius Minerals Inc acquired 2672403 Ontario Ltd in February 2020 from Sprott Resource.
Later, it was rebranded to Aureus Gold Inc.
In addition, the project is supported with access to provincial highways, power grid, a 300tpd mill with onsite laboratory.
According to historical resource estimate, the company says that it hosts indicated resource of 152,000 tons of gold and 58,000 gold ounces.
The inferred mineral resource stands at nearly 434,000 tons of gold.