Aurora Gold Corporation Announces Results From Preliminary Exploration Programs at the São Domingos Property in the Tapajos Gold Province, State of Pará, Brazil
(OTC BB: ARXG message board, dd, quote, news); (FRANKFURT: A4G.FSE), (FRANKFURT: A4G.ETR); (BERLIN-BREMEN: A4G.BER) Aurora Gold Corporation (\"Aurora Gold\"), a mineral exploration company focusing on exploration and development in the Tapajos Gold Province, State of Pará, Brazil is pleased to announce results from preliminary exploration programs at the São Domingos property in the Tapajos Gold Province, State of Pará, Brazil.
-- Aurora Gold has conducted preliminary exploration programs on the
São Domingos property with the following encouraging results:
High-grade rock chip sample results from several gold occurrences
on the São Domingos property area confirm the potential for a large
gold and poly metallic mineralized system. The rock chip sample
results include the following results:
-- 19.40 g/t Gold and 1.7% Copper and 24 g/t Silver;
-- 5.50 g/t Gold and 3.0% Copper and 50 g/t Silver;
-- 2.73g/t Gold and 1.7% Copper and 31 g/t Silver;
-- 2.31 g/t Gold and 0.48% Copper and 27 g/t Silver;
-- 10.04 g/t Gold and 0.1% Copper;
-- 16.36 g/t Gold and 5g/t Silver;
-- 3.56g/t Gold and 28g/t Silver;
-- 42.56g/t Gold and 20g/t Silver;
-- 16.64g/t Gold and 5g/t Silver;
-- 8.67 g/t Gold;
-- 6.63 g/t Gold;
-- 42.56g/t Gold and 20g/t Silver;
-- 3.57g/t Gold and 28g/t Silver;
-- 106g/t Silver;
-- 78g/t Silver and
-- 45g/t Silver.
These highly encouraging results, demonstrate the potential for a large mineralized system with high grades of Gold, Silver and Copper within a stock-work system, will now be the focus of further detailed investigation and exploration.
Aurora Gold intends to continue to evaluate the potential of the property with a more focused exploration program including a rock chip sampling program, detailed mapping, follow up soil sampling and airborne geophysics with a view to fast-tracking a drilling program.
Aurora Gold has decided not to follow up its preliminary exploration program on the Novo Porto property and has decided not to exercise its option to acquire the property.
Aurora Gold Corporation Announces Results From Preliminary Exploration Programs at the Santa Isabel and Ouro Mil Properties in the Tapajos Gold Province, State of Pará, Brazil
(OTC BB: ARXG); (FRANKFURT: A4G.FSE), (FRANKFURT: A4G.ETR); (BERLIN-BREMEN: A4G.BER) Aurora Gold Corporation (\"Aurora Gold\"), a mineral exploration company focusing on exploration and development in the Tapajos Gold Province, State of Pará, Brazil is pleased to announce results from preliminary exploration programs at the Santa Isabel and Ouro Mil properties in the Tapajos Gold Province, State of Pará, Brazil.
Aurora Gold has conducted preliminary exploration programs on the Santa Isabel and Ouro Mil properties with the following encouraging results.
-- Results from initial sampling of rock chips from the Santa Isabel
property show the following high grade quartz veins:
-- 15.98g/t Gold with 12g/t Silver;
-- 7.50g/t Gold with7g/t Silver;
-- 17.60g/t Gold with 12g/t Silver; and
-- 24.99g/t Gold with 14g/t Silver.
-- Results from limited sampling of lateritic outcrops and minor quartz
veins on the Ouro Mil property showed the following values:
-- up to 3.00g/t Gold from a stock work quartz vein within the
widespread laterite.
The properties are located in the Southern Tapajos Gold Province in the State of Pará, Brazil. The Tapajos Gold Province has produced more than 600 metric tonnes of gold in the past 40 years and the province is considered a major magmatic province and contains more than 100 gold deposits and occurrences, generally hosted in granitiods of different paleo-proterozoic ages and affinities, as well as by gneisses, felsic to intermediate volcanic sand, minor gabbroic and metavolcanic-sedimentary rocks. Most of the deposits are gold bearing quartz veins, with stockworks and disseminations occurring to a lesser extent.
The Santa Isabel property is situated within part of the Pararui Intrusive Suite. To the immediate west the Pararui Suite is in faulted contact with the later Maloquina Intrusive Suite, and the Maloquina Intrusive suite is in faulted contact with the Creporizao Intrusive Suite, further to the west. The Pararui Suite and the Creporizao Intrusive Suite play host to the vast majority of hard rock gold deposits and occurrences within the Tapajos gold Province.
The Ouro Mil property is situated within a north west trending part of the Creporizao Intrusive Suite along an E-NE shear subordinate to the NW trending regional shear of the area. The western margin of this portion of the Creporizao Intrusive Suite is in a NW faulted contact with the Parauari Intrusive Suite, and similarly the eastern margin is in a NW faulted contact with the Cuiu-Cuiu Complex.
The two properties are currently the focus of literature searches, data compilation from previous work, soil sampling and mapping campaigns with a view to begin drilling.
The Company is also negotiating with drill contractors to begin subsurface investigations of the high grade quartz reefs identified by recent rock chip sampling programs. Drilling is expected to begin in late March 2006.
Aurora Gold Corporation Announces the Appointment of Klaus Eckhof as the New President and Chief Executive Officer of the Company
(OTC BB: ARXG); (FRANKFURT: A4G.FSE) (FRANKFURT: A4G.ETR); (BERLIN-BREMEN: A4G.BER) Aurora Gold Corporation, a mineral exploration company focusing on exploration and development in the Tapajos Gold Province, State of Pará, Brazil announces the appointment of Klaus Peter Eckhof as President and Chief Executive Officer of the Company effective February 27, 2006.
\"As a result of Mr. Eckhof\'s efforts since being appointed a director of the Company in July 2005, the Company has acquired a number of significant mineral exploration properties in the Tapajos Gold Province, State of Pará, Brazil and has been responsible for the current successful financing of the Company,\" states Mr. A. Cameron Richardson, the Company\'s former President and CEO, who will assume his new role as Chief Financial Officer and remain a director. \"These property acquisitions and financings combined with Mr. Eckhof\'s proven track record of acquisition, exploration and development of mineral properties worldwide over his career will greatly facilitate our goal to acquire, explore, develop and put into production mineral properties.\"
Mr. Eckhof is a graduate geologist from the University of Munich, Germany and a member of the Australian Institute of Mining and Metallurgy. After immigrating to Australia in 1988, Mr. Eckhof worked for Mount Edon Gold Mines (Aust) Limited, a junior exploration company. As a Project Geologist and Business Development manager, he delineated approximately 3 million ounces of gold, including the Tarmoola gold mine. Mount Edon Gold Mines (Aust) NL brought the Tarmoola gold mine into production in May 1990, with a treatment plant capacity of 0.6Mtpa. In April 1997, Camelot Resources NL and Teck Corporation took over Mount Edon Gold Mines (Aust) NL.
In 1996, Mr. Eckhof founded Lafayette Mining Ltd., which acquired and advanced a project that is now moving into production in the Philippines. During this time Mr. Eckhof also founded Spinifex Gold Limited, which delineated 2.5 million ounces of gold in the Lake Victoria Region of Tanzania. Spinifex was subsequently taken over by Gallery Gold Ltd in October 2003.
During 2003, Mr. Eckhof became president of Equs Limited which during 2003 entered into two heads of agreement subject to the completion of due diligence to earn interests in mineral concessions in the north-east Democratic Republic of Congo over the area encompassing the famous Moto Project, and to the south and east the area of the Kasai Projects.
Equs changed its name to Moto Gold Mines Limited in 2004, and in the past 20 months, the company has increased its resources from 400,000 ounces of gold to over 11 Million Ounces of gold. During this time the company\'s market capitalization, fully diluted, has increased from AU$ 4 Million to current levels of more than AU$ 500 Million.
In his role as President and Chief Executive Officer, Mr. Eckhof will be responsible for managing all aspects of the Company, especially the acquisition of mineral properties and the exploration, drill programs and budgets for the newly acquired gold exploration projects in the Tapajos Gold Province, State of Pará, Brazil. Further, he will assume the lead role in raising funds and communicating with shareholders.
Aurora Gold Corporation Is Pleased to Announce That the Company\'s Wholly Owned Brazilian Subsidiary, Aurora Gold Mineração Ltda, Has Signed an Option Agreement Covering the São Domingos Project Located in the Municipality of Itaituba, Tapajos Gold Province, State of Pará, BrazilAurora Gold Corporation (OTC BB: ARXG) (the \"Company\") is pleased to announce that the Company\'s wholly owned Brazilian subsidiary, Aurora Gold Mineração Ltda, has signed an option agreement covering the São Domingos project located in the Municipality of Itaituba, Tapajos gold province, State of Pará, Brazil. The Company has commenced reconnaissance exploration programs on the project and has currently outlined four (4) areas considered highly significant and separated by up to 5 km. The project is located in the southern part of the rich and largely unexplored Tapajos gold province.
Generally vein quartz mineralisation in the southern Tapajos is hosted by arc related, calc-alkaline tonalitic orthogneisses (Cuiu-Cuiu complex 2003-2005 Ma) and post-collisional calc-alkaline K-rich granitoids (Creporizao Intrusive Suite 1997-1957 Ma). The deposits are structurally controlled and form typically tabular bodies that parallel the hosting structures, and are characterised by quartz veins surrounded by halos of strongly altered wall rock, which are usually narrow and show weak to prominent ductile fabric. Steeply dipping fault fill veins and shear veins represent 80% of the structural style, followed by breccia veins and lesser stock works and veins hosted in low angle reverse-oblique faults. Hosting structures vary from ductile-brittle to brittle in nature and together with structural and textural evidence provided by the veins, indicate a wide range of depth of emplacement, for the mineralisation from shallow to mid crustal. Quart and sericite are the main alteration minerals and pyrite is ubiquitous.
The São Domingos project area is located approximately 40km north of the Company\'s Santa Isabel project and approximately 50km south of the Company\'s Nova Porto project. Currently the company has outlined four (4) prime targets for the São Domingos project; Atacadao, Esmeril, Fofoca and Cachoeira. All targets are located around a series of regional brittle and ductile structures trending NW, NE and NNW within the Parauari Intrusive Suite and adjacent to the later Cachoelra (Gabbroic) Intrusive Suite. The Parauari Intrusive Suite has proven to host the vast majority of gold deposits elsewhere within the Tapajos Gold Province. This area has also previously been the focus of large-scale alluvial workings.
Preliminary investigation of all four (4) target areas, Atacadao, Esmeril, Fofoca and Cachoeira all have confirmed the existence of mineralised quartz veins and stockwork systems within these Intrusive Granite Suites. Results of preliminary sampling are expected in the near future.
Atacadao was a large-scale alluvial gold mining operation capitalizing on gold accumulations shed from the surrounding hills. Preliminary investigations proved the local topographic highs to be part of the Parauari Intrusive Suite with well-developed stock work quartz. Initial inspection of the quartz veins showed them to be clearly mineralised and final results of initial sampling is expected soon. Locally previous shallow, up to 10m, production shafts focussed on an E-W sub-vertical, project scale brittle structure, which can be traced for several hundreds of meters.
Esmeril was the focus of recent mining, by water canon and sluice, of the highly weathered fraction of the granitic host rock and stockwork veins. The stockwork veins, exposed by previous workers, show boxwork and fresh sulphides with associated ferruginous staining of both the veins and wall rock alteration of the enclosing country rock.
The Fofoca area was the focus of a large-scale development of both the alluvial and oxidised stock work granitic host rocks. This area is also located on an E-W structure considered to be associated to the structures linked to Atacadao, giving a potential strike length of several km. Initial inspection of vein quartz around Fofoca, showed they contain high percentages of sulphides and final results of initial sampling are expected soon.
Cachoeira is a series of NW trending quartz veins within the Parauari Granite Intrusive Suite situated near the intersection of N-S and E-W trending shears. Initial inspection of the quartz noted high percentages of sulphides.
Based on the historical occurrences of gold deposits in similar geological settings within this region of the Tapajos gold province, the Company is confident that the hard rock potential for the São Domingos project will define a series of large tonnage economic gold and poly metallic ore bodies, and is currently conducting further preliminary exploration to define drill targets for the near future.
The São Domingos option agreement allows the Company to perform geological surveys and assessment work necessary to ascertain the existence of possible mineral deposits which may be economically mined and to earn a 100% interest in the São Domingos project mineral rights via structured cash payments. The total option agreement payments for the licence are structured as follows: January 30, 2006 - USD $31,500; July 30, 2006 - USD $67,500; July 30, 2007 USD $112,500; July 30, 2008 - USD $139,500; December 30, 2008 - USD $675,000 for a total of USD $1,026,000. The vendor will have a 2.0% Net Smelter Royalty. The Royalty payment can be purchased at any time upon written notice to the vendor and payment in reals of the equivalent of USD $500,000. The option agreement can be terminated at any time upon written notice to the vendor and the Company will be free of any and all payment commitments yet to be due.
Aurora Gold Corporation (the \"Company\") Is Pleased to Announce That the Company\'s Wholly Owned Brazilian Subsidiary, Aurora Gold Mineração Ltda, Has Signed Option Agreements Covering the Nova Porto, Ouro Mil and Santa Isabel Projects Located in the Municipality of Itaituba, Tapajos Gold Province, State of Para, BrazilAurora Gold Corporation (OTC BB: ARXG) (the \"Company\") is pleased to announce that the Company\'s wholly owned Brazilian subsidiary, Aurora Gold Mineração Ltda, has signed option agreements covering the Nova Porto Ouro Mil and Santa Isabel projects located in the Municipality of Itaituba, Tapajos gold province, State of Para, Brazil. The Company has commenced reconnaissance exploration programs on each of the projects. The projects are located in the southern part of the rich and largely unexplored Tapajos gold province.
The Tapajos gold province of the Amazonian Craton has produced approximately 600 metric tonnes of gold in the past 40 years. The province is a major magmatic province and contains more than 100 gold deposits and occurrences, generally hosted in granitiods of different paleo-proterozoic ages and affinities, as well as by gneisses, felsic to intermediate volcanic sand, minor gabbroic and metavolcanic-sedimentary rocks. Most of the deposits are gold bearing quartz veins, with stockworks and disseminations occurring to a lesser extent.
The southern part of the Tapajos gold province is host to a series of gold projects typically hosted in orogenic gneisses of the Cuiu-Cuiu Complex and granites of the Parauari and Creporizao Intrusive Suites.
The Nova Porto project area lies on a dominant NW faulted contact between the Parauari Intrusive Suite and the later Maloquinha Suite, and this contact has been the focus of large-scale alluvial workings.
Approximately 40km to the South West of the Novo Porto project area is the Brazauro Resources Corporation owned Tocantinzinho project. The Tocantinzinho project has had a long history of exploration and now Brazauro boasts a large tonnage operation with the initial NI43-101 resource estimate due out late in 2005.
The Ouro Mil project is situated within a north west trending part of the Creporizao Intrusive Suite along an E-NE shear subordinate to the NW trending regional shear of the area. The western margin of this portion of the Creporizao Intrusive Suite is in a NW faulted contact with the Parauari Intrusive Suite, and summarily the eastern margin is in a NW faulted contact with the Cuiu-Cuiu Complex.
Previous mining at Ouro Mil project, via water canon and a sluice of surficial oxides, recovered 600kg of gold. The area is dominated by a quartz vein stock work system in weathered porphyritic granite. A moderately to well-developed laterite profile exists and is exposed in previous mining areas around the project.
The Santa Isabel project is situated within part of the Pararui Intrusive Suite. To the immediate west, the Pararui Suite is in faulted contact with the later Maloquina Intrusive Suite, and the Maloquina Intrusive suite is in faulted contact with the Creporizao Intrusive Suite, further to the west. The Pararui Suite and the Creporizao Intrusive Suite play host to the vast majority of hard rock gold deposits and occurrences within the Tapajos gold province.
The Santa Isabel project area is dominated by a series of regional N to NNW trending regional faults, and these orientations are also noted at mine scale as seen in the mineralized quartz veins within the project area.
Historically, the Santa Isabel project initially focused mining activities on the alluvial deposits within its many tributaries, and later progressed to include the saprolite host rock and out cropping quartz veins.
Preliminary investigation of all three project areas has confirmed the existence of mineralised quartz veins and stockwork systems within these Intrusive Granite Suites. Based on the historical occurrences of gold deposits in similar geological settings within this region of the Tapajos gold province, the Company is confident that the hard rock potential for the Novo Porto, Ouro Mil and Santa Isabel projects will define a series of large tonnage economic gold ore bodies, and is currently conducting further preliminary exploration to define drill targets for the near future.
The Novo Porto option agreement allows the Company to perform geological surveys and assessment work necessary to ascertain the existence of possible mineral deposits which may be economically mined and to earn a 100% interest in the Novo Porto project mineral rights via structured cash payments. The total option agreement payments for the licence are structured as follows: December 25, 2005 - USD $2,500; January 15, 2006 - USD $10,000; May 30, 2006 - USD $37,500; May 30, 2007 - USD $50,000; May 30, 2008 - USD $75,000; May 30, 2009 - USD $1,850,000 for a total of USD $2,025,000. The option agreement can be terminated at any time upon written notice to the vendor and the Company will be free of any and all payment commitments yet to be due.
The Ouro Mil option agreement allows the Company to perform geological surveys and assessment work necessary to ascertain the existence of possible mineral deposits which may be economically mined and to earn a 100% interest in the Ouro Mil project mineral rights via structured cash payments. The total option agreement payments for the licence are structured as follows: January 20, 2006 - USD $30,000; June 20 2006 - USD $70,000; June 20, 2007 USD $120,000; June 20, 2008 - USD $180,000; December 20, 2008 - USD $1,500,000 for a total of USD $1,900,000. The vendor will have a 1.5% Net Smelter Royalty. The Royalty payment can be purchased at any time upon written notice to the vendor and payment in reals of the equivalent of USD $1,000,000.The option agreement can be terminated at any time upon written notice to the vendor and the Company will be free of any and all payment commitments yet to be due.
The Santa Isabel option agreement allows the Company to perform geological surveys and assessment work necessary to ascertain the existence of possible mineral deposits which may be economically mined and to earn a 100% interest in the Santa Isabel project mineral rights via structured cash payments. The total option agreement payments for the licence are structured as follows: January 21, 2006 - USD $25,000; July 21, 2006 - USD $60,000; July 21, 2007 - USD $80,000; July 21, 2008 - USD $100,000; July 21, 2009 - USD $1,500,000 for a total of USD $1,765,000. The vendor will have a 1.5% Net Smelter Royalty. The Royalty payment can be purchased at any time upon written notice to the vendor and payment in reals of the equivalent of USD $1,000,000. The option agreement can be terminated at any time upon written notice to the vendor and the Company will be free of any and all payment commitments yet to be due.
Aurora Gold Corporation is a mineral exploration company whose stock trades under the symbol \"ARXG\" on the NASDOTC Bulletin Board.
For Further information, please call Klaus Eckhof at
Phone: (+618) 9240-2836
Mobile: (+61) 411-148-209
ON BEHALF OF THE BOARD
\"Klaus Eckhof\"
Klaus Eckhof Director
This press release includes \"Forward-Looking Statements\" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company\'s expectations are disclosed under the heading \"Risk Factors\" and elsewhere in the Company\'s documents filed from time to time with the United States Securities and Exchange Commission and other regulatory authorities. All dollar amounts are expressed in US dollars unless otherwise stated.
