Antwort auf Beitrag Nr.:
41.856.646 von makaveli017 am 28.07.11
AuRo Resources Closes White Gold Transaction
& Commences Exploration on Key Properties
Jul. 28, 2011 (Marketwire Canada) --
VANCOUVER, BRITISH COLUMBIA -- AuRo Resources Corp. (the "Company"
or "AuRo") (TSX VENTURE:ARU)(FRANKFURT:NXP3) is pleased to announce
that its acquisition of all of the issued and outstanding
securities in the capital of White Gold Corporation ("White Gold")
has closed. Pursuant to the terms of the amalgamation agreement,
the shareholders of White Gold will receive an aggregate of
21,000,000 common shares in the capital of the Company at a deemed
price of $0.15 per share, with 7,979,987 of these shares to be
issued to the White Gold shareholders on closing. The remaining 62%
of the total shares to be issued shall be released, on a pro rata
basis, to the White Gold shareholders upon receiving Concession
Agreements to the properties that are in the "Pending Concession"
and "Lease Application" stages.
With the recent engagement of GeoXplore, the Company's Colombian
based exploration group, AuRo plans to immediately commence a
simultaneaous "Three-pronged" exploration strategy focused on El
Tesoro, the Tolima-Quindio area properties and Arboledas.
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 ppb. These results
identified a new gold exploration target centered on three gold in
soil anomalies (>20 ppb Au) with values up to 506 ppb Au located
on the southern portion of the El Tesoro property.
Based on the geochemical analysis, and given the distinct geology
in Antioquia, AuRo's Colombian based exploration team will be
immediately following up on all of these anomalous areas with an
auger drilling program. A total of 200-300 samples of the saprolite
horizon will be taken to overcome the masking effects of
transported or weathered overburden. Any significant targets
identified by this program will be tested by diamond drilling. The
aforementioned techniques were successfully utilized by GeoXplore
during their tenure at AngloGold Ashanti's 51% owned Gramalote
project, a 2.4 million ounce gold deposit located approximately
20kms from El Tesoro.
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, with the
closest group of concessions approximately 12km 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' according to Herz, may produce about 800,000 ounces
of gold a year, or almost 20 percent of total output. Reserves at
the site, located about 150 kilometers 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.
Arboledas Gold Project - Norte de Santander
AuRo now has interests in approximately 14,000 hectares located
about 18 kilometers north of the California Vetas mining district,
host of EBX Group's La Bodega multimillion ounce gold discovery
(formerly Ventana Gold Corp.) and Greystar Resources' Angostura
gold-silver deposits. At Arboledas, gold has been identified in
areas where active artisanal mining has been occurring. Small-scale
miners are targeting north-east striking, oxidised, subvertical
veins hosted in feldspar porphyry. Workings consist of 8 adits
which are targeting oxidised quartz veins and clay structures up to
1 metre wide.
Younger porphyries (late Cretaceous/early Tertiary) are very common
in the immediate area of mineralization and are likely associated
with the mineralizing event at Angostura. Intrusives of the same
age and provenance will be the focus of exploration within the
field area. This exploration will consist of float mapping and
sampling, and stream sediment sampling of drainages.
INFORMATION PERTAINING TO THE ARBOLEDAS PROPERTIES INCLUDES
INFORMATION DERIVED FROM NATIONAL INSTRUMENT 43-101 REPORTS, AS
PREPARED FOR WHITE GOLD CORPORATION BY ANDREW J. TURNER, P.GEO.
INFORMATION PERTAINING TO THE TOLIMA & QUINDIO PROPERTIES WAS
DERIVED FROM HISTORICAL GEOLOGICAL INFORMATION AND DOES NOT
PRESENTLY CONFORM TO THE STANDARDS AS OUTLINED IN NATIONAL
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
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.
ON BEHALF OF THE BOARD
(sgd.) "Mark Lawson", President & CEO
Cautionary Note Regarding Forward-looking Statements