Aurora Gold Corporation Announces Further Mineralisation at the São João Gold Project Areas Located in the Tapajos Gold Province, Para, Brazil
2008-12-19 06:00 ET - News Release
ZUG, SWITZERLAND -- (MARKET WIRE) -- 12/19/08
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 Pará, Brazil, is pleased to announce further mineralisation has been mapped at the São João project.
Clearing for the ground geophysics surveys has enabled the Company to access previously unmapped areas. This mapping program has discovered new mineralised quartz veins at São João. The area is shown to host numerous out-cropping and sub-cropping mineralised quartz veins, many having visible gold in hand specimen. An extensive mineralised stock work has been identified between quartz veins, which have also returned anomalous gold results. The current mapping at São João shows a good correlation with the dominant mineralised trend first reported by Aurora Gold during the first quarter of 2007. It is believed these discoveries indicate that São João is a system of sub-parallel quartz veins, much larger than the single vein system first interpreted.
Significant rock chip results are detailed below.
13.20 g/t gold
13.97 g/t gold
14.58 g/t gold
15.73 g/t gold
16.21 g/t gold
17.65 g/t gold
29.03 g/t gold
42.47 g/t gold
95.13 g/t gold
Follow up trenching and bulldozer excavations have confirmed that there are several veins associated with the current mineralisation and that the infilling stock works between the more dominant veins also hosts gold mineralisation.
Current artisanal activity in the newly discovered areas has provided valuable geological exposures, which have been mapped and included in the structural interpretation. Artisanal activity includes water canon and sluice alluvial methods, which rely on gravity to separate the gold from the waste rock. This method exposes the fresh hard rock, host of the mineralisation, which is then mapped and sampled. Since the São João gold mineralisation is generally associated with sulphides, the artisanal activity is limited to areas of oxidised material and generally limited to a maximum depth of 12m. An exploration shaft has been quarried to test extensions of the principal mineralised vein system and intersected quartz vein material interpreted to be part of the strike extension of the principal vein.
Aurora Gold, along with their joint venture partner Samba Minerals Limited, intends to continue the exploration of the São João and Commadante Araras projects by continuing the mapping and interpretation of the area.
Aurora Gold is a mineral exploration company focusing on the exploration and development of its 4 exploration properties and 2 applications 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. Please note that proximity to an area having historical records of gold production provides no assurance that we will discover any commercial resources on our property. 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 under the symbol "ARXG" on the OTC Bulletin Board in the United States, 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
"Lars Pearl"
Lars Pearl
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 metals; the speculative nature of precious and base metals 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
Lars Pearl
Phone: (+41) 7887 96966
Address: level 1, 10 Baarestrasse, Zug, Switzerland 6400
Website: http://www.aurora-gold.com |
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