Aurelian Resources Inc.
TSX : ARU

Aurelian Resources Inc.

August 21, 2007 12:09 ET

Aurelian Intersects 158.40 Metres Grading 25.21 g/t of Gold, 70.45 Metres Grading 9.15 g/t of Gold and 134.97 Metres Grading 5.61 g/t of Gold in Infill Drilling at FDN

TORONTO, ONTARIO--(Marketwire - Aug. 21, 2007) - Aurelian Resources Inc. (TSX:ARU) today announced results from 10 additional drill holes from the buried epithermal gold-silver discovery at Fruta Del Norte (FDN) on its wholly-owned Condor Project in south-eastern Ecuador. These include 158.40 metres grading 25.21 g/t of gold ("Au") and 19.0 g/t of silver ("Ag") in infill hole CP-07-139 and 134.97 metres grading 5.61 g/t Au and 8.5 g/t Ag in drill hole CP-07-132, which has added significant mineralisation to section 9583400N. Also included was 70.45 metres grading 9.15 g/t Au and 26.0 g/t Ag in infill drill hole CP-07-134 on section 9583500N. At the eastern edge of the deposit on section 9582900N drill hole CP-07-129 assayed 236.50 metres grading 2.81 g/t Au and 10.2 g/t Ag.

"With the current resource definition drilling programme completed, our efforts to better define the northern and southern extents of FDN are now the priority for drilling at the deposit" says Patrick F.N. Anderson, Aurelian's President and CEO. "A drill rig is currently being mobilized to the Papaya target, 700-m north of FDN. This rig will drill a fence of holes across an area with anomalous copper-gold and gold-bearing float and outcrop. The Papaya target is interpreted to occur within the continuation of the Las Penas fault zone, the structure that hosts FDN. The NI 43-101 compliant mineral resource estimate is proceeding well, but will likely be delayed a number of weeks due to the late arrival of key assay data and additional work required to determine how best to incorporate some of the high grade assays in the FDN dataset".

Aurelian also wishes to confirm that it has no asset-backed commercial paper.

A table containing more complete intercepts from the 10 additional 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.

FDN Results

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 Drill From To Interval
section hole (metres) (metres) (metres) Au g/t Ag g/t
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9582700N CP-07-125 330.60 387.70 57.10 0.90 5.4
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CP-07-131 377.20 679.74 302.54 1.96 14.1
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including 403.70 446.00 42.30 4.53 11.1
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which
includes 414.25 421.85 7.60 13.18 25.4
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9582800N CP-07-131 686.40 761.16 74.76 2.16 29.8
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including 703.90 715.70 11.80 6.63 93.1
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CP-07-135 415.11 437.00 21.89 1.22 5.8
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CP-07-135 459.00 533.20 74.20 1.24 9.3
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CP-07-129 369.00 605.50 236.50 2.81 10.2
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including 431.40 437.45 6.05 59.80 40.3
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9582900N CP-07-129 638.90 669.75 30.85 2.19 11.1
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including 659.90 660.90 1.00 40.20 40.8
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CP-07-129 677.75 721.28 43.53 0.70 7.5
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CP-07-136 421.00 498.34 77.34 0.90 8.9
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9583000N CP-07-138 No significant intercepts
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9583100N CP-07-133 555.00 588.00 33.00 0.71 1.4
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CP-07-133 684.00 693.00 9.00 1.33 3.2
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CP-07-132 126.80 261.77 134.97 (EOH) 5.61 8.5
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including 246.03 261.77 15.74 15.20 14.7
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9583400N CP-07-139 301.80 460.20 158.40 25.21 19.0
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including 432.80 443.95 11.15 193.49 81.2
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which
includes 432.80 433.65 0.85 2090.00 789.0
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CP-07-134 407.55 478.00 70.45 9.15 26.0
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9583500N including 439.00 441.00 2.00 52.65 38.6
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CP-07-134 496.85 507.20 10.35 1.38 18.5
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CP-07-134 512.20 524.10 11.90 1.07 18.3
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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 Drill From To Interval
section hole (metres) (metres) (metres) Au g/t Ag g/t
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9582900N CP-07-129 369.00 605.50 236.50 2.71 10.2
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9583400N CP-07-139 301.80 460.20 158.40 11.90 19.0
--------------------------------------------------------------------------
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.
--------------------------------------------------------------------------


CP-07-125 (azimuth 092/dip -64) was drilled on section 9582700N to test the south-east continuation of the FDN-system towards the Bonza-Las Penas epithermal deposit. The hole clipped the eastern edge of the FDN-system before entering the east fault zone. The mineralised interval assayed 57.10m @ 0.90 g/t Au and 5.4 g/t Ag.

On section 9582800N, two holes (CP-07-131 & -135) have been completed on the eastern edge of the system. Both holes intersected broad zones of epithermal stockwork veining, with hole CP-07-131 (azimuth 88/dip -63) assaying 302.54 m @ 1.96 g/t Au and 14.1 g/t Ag which includes a higher grade interval of 42.30 m @ 4.53 g/t Au and 11.1 g/t Ag. At depth the hole intersected a further 74.76 m assaying 2.16 g/t Au and 29.8 g/t Ag. Further east, CP-07-135 (azimuth 90/dip -56) returned intervals of 21.89 m @ 1.22 g/t Au and 5.8 g/t Ag and 74.20 m @ 1.24 g/t Au and 9.3 g/t Ag.

Two holes (CP-07-129 & -136) have also been completed in a similar eastern location on section 9582900N. Both holes have again intersected a broad zone of epithermal stockwork veining, with an interval of 236.50 m @ 2.81 g/t Au and 10.2 g/t Ag including 6.05 m @ 59.80 g/t Au and 40.3 g/t Ag from CP-07-129 (azimuth 81/dip -65) and 77.34 m @ 0.90 g/t Au and 8.9 g/t Ag from CP-07-136 (azimuth 85/dip -57) further east.

On section 9583000N drill hole CP-07-138 (azimuth 90/dip -53) was drilled to close off the system to the east for the upcoming resource estimate. The hole intersected only weak epithermal mineralisation and consequently, did not contain significant intercepts.

CP-07-133 (azimuth 85/dip -62) was drilled at depth on section 9583100N, the hole intersected epithermal stockwork mineralisation assaying 33.00 m @ 0.71 g/t Au and 1.4 g/t Ag followed by 9.00m @ 1.33 g/t Au and 3.2 g/t Ag.

On section 9583400N, drill hole CP-07-132 (azimuth 89/dip -63) was drilled to test the top eastern corner of the system. This drill hole intersected mineralisation higher then expected, due to an internal fault that steps the mineralisation down to the west through the central part of the deposit. For technical reasons the hole prematurely stopped in mineralisation returning an interval of 134.97 m @ 5.61 g/t Au and 8.5 g/t Ag with the final 15.74 metres assaying 15.20 g/t Au and 14.7 g/t Ag. The hole was subsequently twinned with drill hole CP-07-137 (assays pending) which successfully passed through the entire mineralised zone.

Also on section 9583400N, CP-07-139 (azimuth 98/dip -50) was designed to infill and test the continuity of the high grade mineralisation on the eastern edge of the system. The hole drilled through the west fault and into intense epithermal mineralisation at 301.80 m, exiting the mineralisation at 460.20 m. Uncut the interval assayed 158.40 m @ 25.21 g/t Au and 19.0 g/t Ag. The hole included zones of high grade mineralisation with significant visible gold, including 11.15 m @ 193.49 g/t Au and 81.2 g/t Ag which in turn includes 0.85 m @ 2090.00 g/t Au and 789.0 g/t Ag. This correlates with high grade intercepts in previously released drill holes (CP-06-57 and CP-07-100), indicating that this is a significant zone of high grade mineralisation.

Further north drill hole CP-07-134 (azimuth 76/dip -60) was angled onto section 9583500N to infill the deep part of the system. At 407m the hole passed through the west fault and into intense epithermal mineralisation, assaying 70.45 m @ 9.15 g/t Au and 26.0 g/t Ag.

Results from 84 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 1200 metres along strike, 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 with an eastern contact that dips steeply to the east south of 9583500N. Drill holes intersect this envelope at an angle and therefore drill hole intercept widths reported in this press release are not true widths.

Samples consist of half 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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