Aurelian Resources Inc.
TSX : ARU

Aurelian Resources Inc.

September 26, 2007 12:09 ET

Aurelian Reports Drill Results for FDN and El Tigre

TORONTO, ONTARIO--(Marketwire - Sept. 26, 2007) - Aurelian Resources Inc. (TSX:ARU) today announced drill results from two locations on its wholly-owned Condor Project in south-eastern Ecuador. The infill drilling program at the buried epithermal gold-silver discovery at Fruta Del Norte (FDN) continues to return excellent intercepts. These include 166.55 metres grading 16.19 g/t of gold ("Au") and 12.5 g/t of silver ("Ag") in infill/twin hole CP-07-137 on section 9583400N and 113.0 metres grading 6.85 g/t Au and 6.7 g/t Ag in infill drill hole CP-07-144 on section 9583700N. At the south end of the deposit on section 9582600N, drill hole CP-07-140 assayed 146.90 metres @ 1.60 g/t Au and 7.5 g/t Ag, extending the system to the south. Preliminary exploratory drilling on the El Tigre gold prospect did not encounter economic mineralisation.

"Our focus in the coming months will be to aggressively advance FDN towards production. An infill drilling program has begun from surface to quickly move the high-grade north-central portion of the deposit to a higher resource category" says Patrick F.N. Anderson, Aurelian's President and CEO. "We will concurrently pursue exploration and drilling on other promising targets within the Suarez pull-apart basin that hosts FDN, and on other targets throughout our 95,000 Ha concession area."

The regional exploration program includes an airborne geophysical survey of the entire concession area, expected to begin in December of this year. The survey will provide a detailed picture of the regional and local geologic structures that control mineralisation along the Penas shear zone.

FDN Results

A table containing more complete intercepts from the 8 new FDN drill holes is presented below, while maps, cross sections, photos and full gold and silver assay data from this and previous press releases may be viewed at www.aurelian.ca.

Results are summarized in the tables below. Intervals containing high grade assays have also been re-calculated using a top cut of 105 g/t of gold.



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Uncut data
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Cross From To Interval
section Drill hole (metres) (metres) (metres) Au g/t Ag g/t
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CP-07-140 386.80 533.70 146.90 1.60 7.5
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including 510.23 523.32 13.09 3.70 11.3
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CP-07-140 597.50 598.50 1.00 41.70 11.5
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CP-07-140 609.35 657.87 48.52 1.00 12.5
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CP-07-141 459.90 476.63 16.73 1.30 1.4
9582600N -----------------------------------------------------------------
CP-07-141 644.30 677.60 33.30 4.50 21.4
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including 646.50 653.60 7.1 17.37 67.4
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which includes 646.50 647.00 0.50 176.50 592.0
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CP-07-141 711.85 712.8 0.95 30.8 171
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CP-07-145A No significant intercepts
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CP-07-137 123.00 289.55 166.55 16.19 12.5
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9583400N including 239.20 274.16 34.96 63.61 33.4
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which includes 245.20 246.20 1.00 1135.00 382.0
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CP-07-144 317.00 430.00 113.00 6.85 6.7
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including 332.75 363.55 30.8 18.30 13.7
9583700N -----------------------------------------------------------------
and including 393.20 402.65 9.45 11.12 8.29
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CP-07-144 480.20 481.48 1.28 19.60 35.6
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CP-07-142 508.62 508.82 0.20 8.12 9.8
9583900N -----------------------------------------------------------------
CP-07-142 548.26 551.68 3.42 1.11 4.2
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CP-07-143 No significant intercepts
9584000N -----------------------------------------------------------------
CP-07-147 No significant intercepts
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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.
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Intervals with a top cut of 105g/t Au
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Cross From To Interval
section Drill hole (metres) (metres) (metres) Au g/t Ag g/t
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9582600N CP-07-141 644.30 677.60 33.30 3.43 21.4
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9583400N CP-07-137 123.00 289.55 166.55 9.34 12.5
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9583700N CP-07-144 317.00 430.00 113.00 6.77 6.7
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Note: intervals are calculated using a lower cut of 0.5g/t Au and a 105g/t
Au top cut, they include a maximum of 5m internal waste.
---------------------------------------------------------------------------
Note: CP-07-146 is a geotechnical drill hole and therefore has not been
sampled.


Three holes have been completed at the southern end of FDN on section 9582600N, with two of the holes intercepting the epithermal stockwork system. CP-07-140 (azimuth 90/dip -64) returning an interval of 146.90 m @ 1.60 g/t Au and 7.5 g/t Ag, which includes an interval of 13.09 m @ 3.70 g/t Au and 11.3 g/t Ag. One hundred metres west drill hole CP-07-141 (azimuth 92/dip -65) returned a best intercept of 33.30 m @ 4.50 g/t Au and 21.4 g/t Ag. Further east, drill hole CP-07-145A (azimuth 86/dip -65) drilled through the east fault earlier than expected and therefore failed to intersect significant mineralisation.

On section 9583400N, drill hole CP-07-137 (azimuth 91/dip -63) was drilled as a twin to hole CP-07-132 (PR 21/08/2007), which had ended in mineralisation due to technical problems. The new hole intersected a zone of very intense mineralisation assaying 166.55 m @ 16.19 g/t Au and 12.5 g/t Ag, which includes 34.96 m @ 63.61 g/t Au and 33.4 g/t Ag.

CP-07-144 (azimuth 90/dip -63) was drilled as a deep infill hole on section 9583700N, and after passing through the west fault intersected intense mineralisation assaying 113.00 m @ 6.85 g/t Au and 6.7 g/t Ag, which includes 30.8 m @ 18.30 g/t Au and 13.7 g/t Ag.

At the north end of the system on section 9583900N, drill hole CP-07-142 (Az 92/dip-58) was drilled to test the system at depth. After passing through the west fault the hole intersected epithermal stockwork veining with best intercepts of 3.42 m @ 1.11 g/t Au and 4.2 g/t Ag and 0.2m @ 8.12 g/t Au and 9.8 g/t Ag.

Two holes were also completed on section 9584000N, with the first hole, CP-07-143 (azimuth 90/dip -59), failing to pass through the west fault. The second hole, CP-07-147 (azimuth 90/dip -49), successfully passed the fault, intersected epithermal mineralisation, but returned only low grade assays and no intervals of significance.

Results from 92 diamond drill holes have been released for the FDN deposit to date. Further drill results will be released as analytical data are received, validated and compiled.

The FDN-deposit is interpreted to be an intermediate sulphidation epithermal gold-silver system. The deposit is buried by basin infill sediments (Suarez Formation) of Jurassic age within a pull-apart basin. The hydrothermal system is characterized by a combination of multiphase quartz-carbonate-sulphide stock work veining and hydrothermal brecciation within intensely silicified andesitic volcanic rocks that underlie the basin.

Drilling of the FDN deposit has outlined a mineralised envelope that is traceable continuously for over 1300 metres along strike. It exceeds 100 metres in width through the central and southern portions, has a vertical extent of over 250m and dips moderately westward through to vertical. Drill holes intersect this envelope at an angle and therefore drill hole intercept widths reported in this press release are not true widths.

El Tigre

Results have also been received for drilling at El Tigre, an area of anomalous gold values in stream sediment and soil samples, approximately 4km east of FDN. A total of eleven drill holes for 3730.05 m have been completed, and a map of the El Tigre collar locations is available at www.aurelian.ca. Results have now been received for five holes, with a further five holes not sampled due to the lack of significant visible mineralisation, and assays pending for one hole. The geology is dominated by a diorite intrusive, with rare stockwork veins returning assays up to 0.8m @ 4.43 g/t Au and 10.0 g/t Ag and 11.65 m @ 0.58 g/t Au and 0.9 g/t Ag. The drill rig has been moved off the target, with regional drilling concentrating for now on targets along strike from FDN and within the Suarez pull-apart basin.

Technical Information

Samples consist of half HQ, NQ, NTW and BTW-size diamond core that are split by diamond saw on site, prepared at the ALS Chemex laboratory in Quito, and assayed by 50g fire assay with an AAS or gravimetric finish at the ALS Chemex Lima Laboratory. The quality assurance-quality control (QA-QC) program of Aurelian includes the insertion of certified standards of known gold content every 20 samples, blanks at least every 20 samples and field or lab duplicates every 20 samples. Samples from significant drill intercepts are sent to two additional laboratories to verify gold and silver analyses. Metallic screen fire analyses for gold are also regularly run as additional QA-QC checks. The remaining half core is retained for verification and reference purposes.

Stephen Leary (MAusIMM), Aurelian's Exploration Manager, 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:ARU) resource company engaged in the business of exploring, discovering and developing mineral wealth in Ecuador. The Fruta del Norte discovery lies at the heart of the Condor Project properties, located in south-eastern Ecuador and consisting of 38 mining concessions totaling approximately 95,000 hectares. Aurelian is committed to working with the government and people of Ecuador to achieve a modern, sustainable mining industry, which will play an important role in the future growth of the country. Visit www.aurelian.ca for more information.

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 mineralisation 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.

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