AuRo Provides Colombia Exploration Update
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/17/11 -- AuRo Resources Corp. (TSX VENTURE: ARU)(FRANKFURT: NXP3) (the "Company") provided today a progress update on current exploration on its key projects. The Company expects to complete its auger program at El Tesoro within the next few weeks, with a full set of results to follow. To date a strong presence of hydrothermal activity has been observed over the area covered by the auger program at El Tesoro, evidenced by the continuous manifestation of hydrothermal quartz veins which have been detected in numerous soil samples, extracted from a depth of 2.0 to 7.5 meters. The presence of the veins suggests the potential for intrusive related gold mineralization, comparable to mineralization at B2 Gold's/AngloGold Ashanti's Gramalote project.
The Company's projects in the departments of Tolima-Quindo continue to be a high priority exploration target. AngloGold Ashanti's La Colosa project has recently reported an upgraded inferred resource estimate of 16.27 million ounces of gold in the region. AuRo possesses almost 30,000 hectares in the new gold-copper porphyry district, with the closest group of concessions located approximately 12km from La Colosa.
Colombia's state mining and geology bureau has conducted soil geochemical surveys in this region and have identified gold in soils anomalies, as well as former artisanal mines 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.
Further to its news release of September 8, 2011, announcing the engagement of Pinnacle Capital Markets Ltd. as Investor Relations consultants, AuRo wishes to clarify that the 300,000 incentive stock options granted to Pinnacle have an exercise price of $0.11 per share with a one-year term.
The content of this news release has been reviewed by Mr. Ken Thorsen, P. Eng., who serves as the Qualified Person in accordance with National Instrument 43-101.
About AuRo Resources Corp.
AuRo Resources is a mineral exploration company with major land positions in Colombia's leading gold camps. The Company holds property interests in three of the country's most prolific gold regions in Antioquia, Tolima-Quindio, and Santander-Norte de Santander. AuRo shares trade on the TSX Venture Exchange under the symbol ARU. For further information please visit .
ON BEHALF OF THE BOARD
Mark Lawson, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
AuRo Resources Corp.
Mark Lawson
President & CEO
416-623-0565
Pinnacle Capital Markets
Stephen Goodfellow
416-900-3719
Pinnacle Capital Markets
Spyros Karellas
416-800-8291
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Datum: 17.10.2011 - 13:00 Uhr
Sprache: Deutsch
News-ID 76756
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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