Aurelian Resources Inc.

Aurelian Resources Inc.

January 20, 2006 11:50 ET

Aurelian Reports Porphyry Copper Targets For The Condor Project

TORONTO, ONTARIO--(CCNMatthews - Jan. 20, 2006) - Aurelian Resources Inc. (TSX VENTURE:ARU) is pleased to announce the generation of porphyry copper targets from the recently completed regional stream sediment and outcrop sampling program over its 95,000 hectare and 38 mining concession land package in southeastern Ecuador. Samples were assayed for copper and gold among other elements and the gold results have been previously released (PR 18/01/06). The program has identified a string of 12 copper porphyry targets along the southern extent of a porphyry copper belt discovered by neighboring Corriente Resources Inc. Two of these targets have been drill tested and proven to be copper porphyries. The Tranca Loma and Camp porphyries occur on either side of Aurelian's Bonza-Las Penas epithermal gold-silver deposit. The extent of both these porphyries is inferred from geophysics (magnetics and induced polarization) and both targets are open in at least one direction (PR 28/11/2005). To view maps associated with this press release please visit

President Patrick F.N. Anderson states, "With these results, we have extended Corriente's porphyry copper belt at least 20 kilometers further south, into the heart of our core gold exploration project area. In the Penas area we have delineated a cluster of three large porphyry systems cut by a regional scale gold bearing structure. The proximity of the mineralised systems results in a significant package of gold and copper mineralisation within a relatively small area. While our gold targets our being made drill ready for the next phase of exploration, we are going to begin a short scout drilling program to further test the mineralization at the Camp porphyry. "

Aurelian concessions cover the southern end of the north-south porphyry copper belt and also bracket Corriente's Mirador copper-gold porphyry deposit where an AMEC feasibility study was recently completed. Two other copper porphyry deposits, Mirador Norte and Chancho, are interpreted to trend onto Aurelian concessions.

The ten un-drilled copper porphyry targets identified by Aurelian are defined by greater than 100ppm or greater than 200ppm copper in -80 mesh stream sediment samples. All the targets have coincident zones of anomalous molybdenum (usually greater than 5ppm or greater than 10ppm). Within the targets, outcropping porphyritic rocks with quartz-sulphide or quartz-iron oxide stockwork veining and/or disseminated sulphide has been observed. Grab samples from outcrops have assayed up to 1.30% Cu, 338ppm Mo and 0.46g/t Au. It should be noted that surface rocks in the area are usually leached of copper.

Please note: To view a table of copper porphyry targets, please click on the following link:

The four anomalies located in the Machinaza gorge area, north of Bonza-Las Penas are yet to be well-defined in terms of extent as the gorge is capped on either side by post-mineralisation sandstone estimated at between 50 and 120m thick.

High grade vein hosted copper mineralisation has also been identified outside of the porphyry anomalies, with assays up to 6.31% Cu and 1.75g/t Au from metre-wide mineralized float boulders, found 500 metres west of the Fruta Del Norte copper porphyry target (PR 28/11/2005).

An additional 14 areas of anomalous copper have been recognized in other parts of the concession block.

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 for, with the ultimate goal of developing and producing, precious and/or base metals from its properties located in southeastern Ecuador which consists 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.


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