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Aurora Gold Corporation Is Pleased to Announce Significant Further Drill Results for Properties in the Tapajos Gold Province, State of Para, Brazil 10/18/2006 BALCATTA, WA, AUSTRALIA, Oct 18, 2006 (MARKET WIRE via COMTEX News Network) -- Aurora Gold Corporation (the "Company," "Aurora Gold") (OTCBB: ARXG) (FRANKFURT: A4G) (XETRA: A4G) (BERLIN: A4G), a mineral exploration company focusing on exploration and development in the Tapajos Gold Province, State of Para, Brazil, is pleased to announce significant drill intercepts from recent first pass drill testing of previously gained soil and rock chip anomalies. Drill results from the Sao Domingos project confirm the potential of the large, gold in soil, anomalies tested. To date a total of 2,484m of drilling has been completed, of which approximately 70% of results have been received. Results show the area is highly mineralised and the significant intersections will be followed up and added to the geological model. Aurora Gold is confident that the Molly target is related to the Esmeril and Atacadao targets and that a new discovery has been made. Initial significant intersections of first pass drilling include: The Molly target -- FOFDD002 9293977N 607011E 190RL 20m @ 2.8g/t gold from 60m Include copper grades at over 10,000ppm being re-assayed to get full % values -- FOFDD003 9293977N 607092E 191RL 6m @ 7.3g/t gold from 83m Include copper grades at over 10,000ppm being re-assayed to get full % values The Atacadao target -- ATADD001 9289223N 604696E 226RL 4m @ 3.54g/t gold from 59m The Esmeril target -- ESMDD002 9293891N 602498E 252RL 12.6m @ 1.70g/t gold from 49m Numerous other wide intercepts of anomalous values, greater then 0.5g/t gold are recorded and the company is confident these will assist in the geological interpretation and for directing further drilling to intersect the high grade mineralised zones. Drilling will continue to investigate the extent of the mineralised system and other anomalous soil targets. All drill targets were generated as follow up of the high gold grades in out crop sampling, and the anomalous zones from soil geochemistry conducted late 2005 and early 2006. Aurora Gold has decided not to follow-up its preliminary exploration program on the Ouro Mil property and has decided not to exercise its option to acquire the property. Aurora Gold has been, and is continuing to conduct various exploration including drilling, soil sampling, road construction, trenching, mapping and data review and interpretations. 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 Para, 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, and under the symbols "A4G.FSE" and "A4G.ETR" on the Frankfurt and "A4G.BER" on the Berlin-Bremen Stock Exchanges in Germany. ON BEHALF OF THE BOARD "Klaus Eckhof" Klaus Eckhof President, CEO and Director CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This press release contains statements that plan for or anticipate the future, called "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of those terms and other comparable terminology. These forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements about: our market opportunity; revenue generation; our strategies; competition; expected activities and expenditures as we pursue our business plan; the adequacy of our available cash resources; our ability to acquire properties on commercially viable terms; challenges to our title to our properties; operating or technical difficulties in connection with our exploration and development activities; currency fluctuations; fluctuating market prices for precious and base medals; the speculative nature of precious and base medals exploration and development activities; environmental risks and hazards; governmental regulations; and conduct of operations in politically and economically less developed areas of the world. Many of these contingencies and uncertainties can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to our most recent annual report on Form 10KSB and other filings made by us with the United States Securities and Exchange Commission for more detailed discussions of the contingencies and uncertainties enumerated above and the factors underlying the forward-looking statements. These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities & Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities & Exchange Commission at 1-800-SEC-0330. The U.S. Securities & Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities & Exchange Commission at http://www.sec.gov. We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws. This press release is for informational purposes only and is not and should not be construed as an offer to solicit, buy, or sell any security. For Further information, please call: Klaus Eckhof Phone: (+61) 8 9240-2836 Address: 30 Ledger Road, Balcatta, WA, 6021 Australia Website: www.aurora-gold.com SOURCE: Aurora Gold Corporation http://www.aurora-gold.com |
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| aus der Diskussion: | NEWS bei Aurora Gold |
| Autor (Datum des Eintrages): | Momesso (19.10.06 09:09:12) |
| Beitrag: | 1 von 3 (ID:24714524) |
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