Aurelian Resources Inc.
TSX VENTURE : ARU

Aurelian Resources Inc.

April 05, 2006 10:27 ET

Aurelian Intersects 237 Metres Averaging 4.14 g/t of Gold and 60 Metres Averaging 3.42 g/t in Initial Drill Program at the New FDN Epithermal Gold-Silver Discovery

TORONTO, ONTARIO--(CCNMatthews - April 5, 2006) - Aurelian Resources Inc. (TSX VENTURE:ARU) today announced a 237.25 metre intercept grading 4.14 g/t of gold and a 60 metre intercept grading 3.42 g/t of gold at its wholly-owned Condor Project in southeastern Ecuador. These results are from two of six holes completed at the FDN blind epithermal gold-silver discovery. Results have been received for four holes. The intersections are approximately 1km north of the Bonza-Las Penas (B-LP) epithermal gold-silver deposit (see press release dated Dec. 14, 2004), and are interpreted to be the northern continuation of that system which has now been mapped for over 3km. To date, there has been no drilling between the current program at FDN and the B-LP deposit.

"With this discovery we have added more than a kilometre of strike length to the B-LP deposit that we targeted and drilled in 2004 and 2005," says Aurelian President & CEO Patrick F. N. Anderson. "The first two holes of the program aided us in modeling the geometry of the system and the second two holes have proven the existence of an extensive, mineralized system with grade at depth. The intensity of the mineralization at FDN is an order-of-magnitude stronger than we see at B-LP."

Mr. Anderson said the two holes that intercepted grade are separated by a strike length of over 90 metres and both are open at depth. "The drill is currently working to complete the final four holes of the program. These results will be released when they are received. Given the strength of the numbers reported so far we are working to develop a drill program that will identify a resource on this new discovery."

Results are summarized in the tables below. As drill hole CP-06-51 includes a significant number of high grade assays, this hole has been recalculated using a 31.1 g/ton Au top cut. All drill holes have an azimuth of 90 degrees and dip between 45 degrees and 75 degrees; locations are displayed in map and cross section at www.aurelian.ca. A complete list of results may be viewed at www.aurelian.ca.



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Uncut data
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Drill From To Interval
hole (m) (m) (m) Au g/t Ag g/t
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CP-06-49 23.00 25.00 2.00 0.61 2.4
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CP-06-49 47.00 49.00 2.00 1.23 1.6
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CP-06-49 74.00 76.00 2.00 1.20 1.1
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CP-06-49 140.70 141.00 0.30 0.52 3.8
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CP-06-50 70.00 71.00 1.00 0.60 0.9
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CP-06-50 77.80 78.05 0.25 1.55 18.8
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CP-06-50 202.50 203.50 1.00 0.69 1.7
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CP-06-50 218.00 222.00 4.00 0.63 8.7
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CP-06-50 305.00 307.50 2.50 1.15 3.3
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CP-06-51 192.45 429.70 237.25 4.14 8.5
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including 199.45 240.90 41.45 9.06 10.4
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including 211.35 212.35 1.00 52.4 26.2
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including 221.30 222.10 0.80 31.0 24.5
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including 234.90 235.90 1.00 80.3 25.6
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including 303.70 325.80 22.10 15.58 6.1
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including 303.70 305.15 1.45 175.0 40.0
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including 317.10 317.80 0.70 51.4 20.9
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including 370.00 371.00 1.00 35.3 27.1
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CP-06-52 214.80 215.80 1.00 0.64 1.2
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CP-06-52 279.90 340.15 60.25 3.42 3.3
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including 280.90 320.40 39.50 4.35 3.8
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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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CP-06-51 with a top cut of 31.1 g/t Au
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Drill From To Interval
hole (m) (m) (m) Au g/t Ag g/t
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CP-06-51 192.45 429.70 237.25 2.89 8.5
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including 199.45 240.90 41.45 7.36 10.4
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including 303.70 325.80 22.10 5.50 6.1
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Note: intervals are calculated using a lower cut of 0.5g/t Au and a
top cut of 31.1 g/t Au, they include a maximum of 5m internal
waste.


The first four drill holes of the current program targeted two zones at FDN. The first (CP-06-49), tested a strong IP anomaly originally thought to be the northern extent of the system. The other 3 drill holes (CP-06-50, 51 and 52) aimed to intersect at depth, a zone of epithermal quartz replacement in conglomerate found in outcrop. The conglomerate is interpreted as infill of a large (2km by 7km) pull-apart basin, almost all of which is within Aurelian concessions. Pull-apart basins are a structural environment ideal for the formation of epithermal gold mineralisation. The majority of the epithermal mineralization associated with this basin is now interpreted to pre-date the conglomerate. This indicates that most of the epithermal gold-silver mineralization is buried by the conglomerate.

Drill hole CP-06-49 intersected a weakly mineralised (24m @ 0.22g/t Au and 8m @ 0.49g/t Au) hydrothermal breccia and weak, widely spaced epithermal stockwork veining. Although the assays were low grade the hole confirmed that epithermal mineralising fluids had circulated in the area. The drill rig was then moved 250m to the west to test the volcanics below the conglomerate. Drill hole CP-06-50 intersected a zone of weak epithermal mineralisation within the conglomerate (28.05m @ 0.18g/t Au) before intersecting 20m of buried quartz sinter, the surface expression of epithermal mineralisation and the first indication that a significant epithermal system lay buried below the conglomerate. The hole also intersected a broad zone of hydrothermal breccia in the underlying andesitic volcanics. The mineralization returned low gold values (63.6m @ 0.16g/t Au and 26.50m @ 0.24g/t Au); with the geochemistry indicating the mineralization is high in the epithermal system.

As the main epithermal system was interpreted to lie further west and at deeper levels, the next drill hole (CP-06-51) was drilled with a steeper dip from the same drill platform. At 192.45m silicified conglomerate was intersected and at 199.45m a zone of intense epithermal quartz stockwork veining and brecciation in silicified volcanics. Visible gold has been observed within a number of the stockwork veins. The drill hole stayed within mineralisation to 429.70m (237.25m @ 4.14g/t Au and 8.5g/ t Ag, including 41.45m @ 9.06g/t Au and 22.10 m @ 15.58 g/t Au). Some significantly sized high-grade banded quartz-rhodochrosite-sulphide veins with visible gold were also intersected (1.45m @ 175g/t Au and 40.0g/t Ag, true width is estimated at 80cm and 70cm @ 51.4g/t Au and 20.9g/t Ag, true width estimated at 65cm). The hole ended at 432.5 m with anomalous gold (0.34 g/t) and silver (6.5 g/t) at the end of the hole.

Drill hole CP-06-52 was drilled 92m west and 89m south of holes CP-06-50 and 51. The hole also intersected very intense epithermal stockwork veining and brecciation and assays 60.25m @ 3.42g/t Au and 3.3g/t Ag over the entire volcanic interval. Unfortunately the drill hole was lost due to a collapse higher up the hole before the hole could test the entire system. The hole ended in epithermal stockwork and breccia mineralisation in silicified volcanics.

As both holes CP-06-51 and CP-06-52 ended in mineralization, a true width of the zone cannot be accurately determined at this time.

Assay results are pending for the latest two drill holes to be completed (CP-06-53 and 54). Both holes have intersected epithermal stockwork veining. Drilling is continuing along strike and down dip to confirm the grade, widths and orientation of the mineralisation.

Drilling is comprised of HQ or NQ diamond core with recovery close to 100%. The samples are sawed half core and were assayed at ALS Chemex's Vancouver Laboratory by fire assay with an ICPAES or gravimetric finish. Sample preparation was performed by Chemex's prep facility in Quito. As part of quality-assurance, quality-control (QA/QC) certified standards of known gold content are inserted every 20 samples, blanks every 25 samples and field and lab blind duplicates taken every 25 samples. Additional blanks are inserted in the sample stream when visible gold is observed. Metallic screen fire assaying is in progress as an additional (QA/QC) check of the higher grade intervals. 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 VENTURE: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 totaling 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.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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