schrieb am 27.10.06 04:10:15
Aurora Gold Corporation Is Pleased to Announce a New Discovery at
the Sao Joao Property
Thursday October 26, 4:29 pm ET
BALCATTA, WA, AUSTRALIA--(MARKET WIRE)--Oct 26, 2006 -- Aurora Gold
Corporation (the "Company," "Aurora Gold") (OTC BB:ARXG.OB - News)
(Frankfurt:A4G.F - News) (XETRA:A4G.DE - News) (Berlin:A4G.BE -
News), a mineral exploration company focusing on exploration and
development in the Tapajos Gold Province, State of Pará, Brazil, is
pleased to announce a new discovery at the Sao Joao property.
Source: Aurora Gold Corporation
(click to enlarge)
The Sao Joao property follow-up trenching has revealed 6 quartz
veins ranging in width from 0.15 to 0.5m in width. The quartz veins
are hosted in a member of the Pararui granite, which is the host of
several large gold occurrences in this region of the Tapajos. The
granite is stock worked with iron stained veinlets between the
major veins, and Aurora Gold is confident these will also host
economic gold mineralisation.
Results from sampling of trench 1 resulted in 80m @ 30.94g/t Au
A trench cut along Vein 1 was sampled on 5m intervals resulting in
80m @ 30.94 g/t Au. This vein has been traced on surface for
approximately 140m though sub-cropping quartz fragments which
indicate this vein may be in excess of 200m in length.
A series of 6 trenches totaling approximately 350m have been cut
along 6 sub parallel veins. These veins are believed to be part of
a NE trending brittle shear zone.
Aurora Gold is testing the potential of stock work mineralization
noted between the veins and has completed a 52m trench normal to
the outcropping veins. These samples are currently in transit to
the assay laboratory.
Aurora Gold is confident the planned drilling program will
intersect significant mineralisation.
Aurora Gold completes acquisition and interpretation of geophysical
Aurora Gold has now acquired geophysical data covering all of its
properties and has engaged a specialist to assist in geological
modeling and target generation on all properties. The geophysical
data will assist in defining lithological boundaries and structures
to compliment the soil geochemistry and outcrop sampling.
The ongoing geochem soil sampling of all the projects has been
integrated into the geophysics and geological mapping to provide a
much more robust understanding of trends and mineralisation styles.
The trends will be followed up by tighter geochemistry and drill
Aurora Gold is a mineral exploration company focusing on the
exploration and development of its 5 exploration properties
totalling 44,469 hectares in the Tapajos Gold Province, State of
Pará, Brazil. The project areas were selected due to their
proximity to known gold occurrences and from historical records of
gold production. The lithologies associated with the projects are
similar to those that have proven to be the host of significant
gold occurrences elsewhere in the Tapajos. Aurora Gold\'s stock
trades on the following exchanges under the symbol "ARXG" on the
NASD OTC Bulletin Board in the United States of America, under the
symbols "A4G.FSE" and "A4G.ETR" on the Frankfurt Exchange and
"A4G.BER" on the Berlin-Bremen Stock Exchanges in Germany.
ON BEHALF OF THE BOARD
President, CEO and Director