AuRo Resources (TSXV:ARU) Nearing Completion of its Auger Program, Files Technical Reports on Two Colombian Gold Projects - Video Highlights of Resourcexinvestor Report Posted on www.InvestmentPitch
(Thomson Reuters ONE) -
Vancouver, British Columbia, September 29, 2011 - AuRo Resources (TSXV:ARU) has
filed 43-101 Technical Reports for both the Surata and the Arboledas gold
properties in Columbia. These reports are available onwww.sedar.com and on the
company's website.
AuRo Resources was featured in an earlier report by Resourcexinvestor.com.
Nathan Pearson, publisher of ResourceXinvestor believed the company's large land
position in Colombia, South America combined with a new geological team
indicated serious potential for this exciting junior company.
InvestmentPitch.com had previously posted a "video" about AuRo Resources,
including highlights from the ResourceXinvestor report. If this link is not
enabled, please visit www.investmentpitch.com and enter "AuRo" in the search
box. For a full copy of the ResourceXinvestor report please click here.
El Tesoro - Auger Program
AuRo previously announced results of its soil geochemical survey of the
Company's El Tesoro gold project in the Department of Antioquia, Colombia. The
highlights include the collection and analyses of 979 soil samples, in which
gold values in soils ranged from below detection up to a high of 506 parts per
billion. These results identified a new gold exploration target centered on
three gold in soil anomalies (>20 parts per billion gold) with values up to 506
parts per billion gold located on the southern portion of the El Tesoro
property.
AuRo's Colombian based exploration team is currently following up on all of
these anomalous areas with an auger drilling program. A total of 200 samples of
the saprolite horizon will be taken to overcome the masking effects of
transported or weathered overburden.
The auger program will cover an area of 1.7 kilometres x 4.5 kilometres with an
average depth of 7.5 metres. Any significant targets identified by this program
will be tested by diamond drilling. The aforementioned techniques were
successfully utilized by AuRo's Colombian based exploration team during their
tenure at AngloGold Ashanti's 51% owned Gramalote project, a 2.4 million ounce
gold deposit located approximately 20 kilometres from El Tesoro.
AuRo's soil geochemical program shows initial comparative results to "Gramalote
Ridge". The aforementioned technical team has also identified geological
similarities between El Tesoro and to the "La Trinidad" mineralized zone at
B2Gold/Anglo's Gramalote Project.
At Gramalote, soil geochemical anomalies were defined by samples greater than
50 parts per billion and extends 1,200 metres east-west by 400 metres north-
south at La Trinidad. AuRo expects to release initial results from its auger
program within the next 1-2 weeks.
The Arboledas Gold Property
The Arboledas gold property consists of four concession areas that total
approximately 14,077 hectares, located in the departments of Norte de Santander
and Santander. This is approximately 55 kilometres north of the city of
Bucaramanga, and 15 kilometres southwest of the town of Arboledas. These
concessions are also located approximately 18 kilometres north of the
California-Vetas gold-silver mining camp, host to EBX Group's La Bodega
multimillion ounce gold discovery (formerly owned by Ventana Gold Corp.), and
Eco Oro Minerals' Angostura gold-silver deposit.
The Arboledas property is being explored for structurally controlled, intrusive
related epithermal gold and gold and silver deposits. Sampling on the Quebrada
Ventanas area of the property in 2009 was conducted between the elevations less
than 3,000 metres. Of the 48 rock samples collected, eight (8) samples returned
assay results greater than, or equal to, 0.50 grams per tonne gold, including an
assay of 8.43 grams per tonne gold. Subsequent exploration will include float
mapping and sampling, and stream sediment sampling of drainages. AuRo is in the
process of building a road to improve access to the Arboledas property.
White Gold Properties -- Tolima-Quindio
AuRo will concurrently be commencing initial exploration at its projects in the
departments of Tolima and Quindio. AuRo's land package in Tolima-Quindio totals
almost 30,000 hectares in the new gold-copper porphyry district, with the
closest group of concessions approximately 12 kilometres from AngloGold
Ashanti's La Colosa project.
AngloGold Ashanti CEO Mark Cutifani, said in 2009, "La Colosa is the 'most
significant' gold discovery worldwide in a decade."
Rafael Herz, CEO of AngloGold's Colombian unit also stated, "The project, which
is a potential 'company-maker', may produce about 800,000 ounces of gold a year,
or almost 20 percent of total output. Reserves at the site, located about 150
kilometres west of the capital, are about 12.9 million ounces."
Colombia's state mining and geology bureau has conducted soil geochemical
surveys in this region that have identified gold in soils anomalies, as well as
former artisanal mines, which are situated on AuRo's concessions. Initial
exploration at the Company's projects in Tolima-Quindio will follow up on these
anomalies, and will be comprised of prospecting, structural mapping, stream
sediment sampling, and rock sampling.
For a full copy of the ResourceXinvestor report please click here. For a more
information on AuRo Resources, please visit their website or contact their
investor relations at investorinfo(at)pinnaclecapitalmarkets.ca.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
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Datum: 29.09.2011 - 20:06 Uhr
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