Aur cuts gold at Coleman Canyon

Drilling on the Coleman Canyon property in Nevada, Aur Resources (AUR-T) has hit several thick intersections of low-grade gold mineralization.

Since June, Aur has completed 21 reverse-circulation holes and one core drill hole in the north-central portion of the property, which lies 60 miles north of Elko.

The holes were drilled in the vicinity of a previous hole that yielded 385 ft. of 0.02 oz. gold per ton. This time around, the best results include: 0.02 oz. over 65 ft.; 0.03 oz. over 110 ft.; 0.04 oz. over 45 ft.; 0.06 oz.

over 125 ft.; 0.04 oz. over 50 ft.; 0.03 oz. over 40 ft.; 0.02 oz. over 210 ft.; and 0.02 oz. over 40 ft.

The area tested by Aur to date comprises 120 sq. miles, or about 2% of the total property area.

The holes intersected multiple zones of anomalous gold mineralization associated primarily with quartz veinlets in altered, fractured quartz monzonite-granodiorite intrusives.

According to an Aur release, the continuity of the ore-grade mineralization necessary to establish a minable resource has not yet been established, but “the potential for the discovery of a large, open-pit, epithermal gold deposit on the Coleman Canyon property remains excellent.”