Prominent Labrador Uranium Geologist Joins Aurora's Management Team
May 29 2008 - 9:27AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX: AXU) is pleased to announce
the appointment of Paul McNeill as Vice President, Exploration.
McNeill is considered one of the industry's top geoscientists
specializing in uranium exploration in Labrador's Central Mineral
Belt region.
The Burin, Newfoundland-raised McNeill has more than a dozen
years of experience evaluating structurally complex rocks similar
to those that host Aurora's Michelin and Jacques Lake deposits.
McNeill was previously Exploration Manager for Mega Uranium Ltd.,
overseeing eighteen projects in the Central Mineral Belt of
Labrador.
"Paul's unique technical strengths are complemented by a
personal connection to the region," says Aurora President and CEO
Dr. Mark O'Dea.
"Paul's family is from Makkovik and he spent many summers in the
area. We were impressed by his past focus on community consultation
in Labrador and his role in the development of local environmental,
health and safety standards. His scientific background and his
relationship-building skills are a perfect combination for Aurora
as the Company builds community support while advancing the
Michelin Project."
McNeill will lead Aurora's 10,000-metre infill drill campaign at
Jacques Lake and Michelin. The program, which runs until August,
aims to enhance the value of the Michelin and Jacques Lake deposits
by converting pounds from the inferred to indicated mineral
resource category. He will also oversee a 4,500 metre geotechnical,
environmental and metallurgical drill program, which will provide
Aurora with valuable data in moving the Project towards
development. As well, he will provide insight and leadership on new
exploration opportunities.
McNeill will be based at Aurora's company headquarters in St.
John's.
McNeill replaces Ian Cunningham-Dunlop, who held VP-Exploration
positions with both Aurora and Fronteer Development Group.
Cunningham-Dunlop was one of the key architects in building
Aurora's land-package into a world-class uranium district.
Cunningham-Dunlop will now focus his energies and talents on
advancing Fronteer's numerous Nevada gold projects, as well as
evaluating new gold projects.
Cunningham-Dunlop will provide ongoing support to McNeill during
the transition period.
"During his dual role tenure, Ian led the development of what is
one of the largest undeveloped uranium deposits in the world for
Aurora, at the same time as advancing a new copper-gold mineral
belt in northwestern Turkey for Fronteer. I thank Ian for his
extraordinary effort and achievement," says Dr. O'Dea.
McNeill has Bachelors of Science from both Memorial University
and the University of New Brunswick, and is currently completing
his PhD in structural geology at the University of New
Brunswick.
LIQUIDITY
Aurora has no debt and approximately $117 million in cash that
is fully liquid and held with a large commercial bank.
ABOUT AURORA
Aurora is a uranium development company focused on the Central
Mineral Belt in Coastal Labrador - one of the world's most
promising uranium districts. Aurora recently completed a 12,132
metre winter infill drilling program at the Michelin and Jacques
Lake deposits - see April 22, 2008 News Release, "Aurora's Winter
Drill Program Enhances Continuity of Michelin Deposit" and May 5,
2008 News Release, "Infill Drill Results Strengthen Jacques Lake
Resource, Uranium Pipeline."
Aurora is committed to responsible development with lasting
local benefits and the highest standards of safety, health, and
environmental protection.
Except for the statements of historical fact contained herein,
certain information presented constitutes "forward-looking
statements". Such forward-looking statements, including but not
limited to, those with respect to the timing and amount of
estimated future resources and resource conversion rates, future
operations, project costs and production, potential for expansion
of resources and potential size of future exploration programs and
potential timing of receipt of permits and classification of future
mineral resources, and potential for future benefits, involve known
and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievement of Aurora to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among others, risks related to
the actual results of current exploration activities, conclusions
of economic evaluations, uncertainty in the estimation of mineral
resources, changes in project parameters as plans continue to be
refined, future prices of uranium, environmental risks and hazards,
increased infrastructure and/or operating costs, labor and
employment matters, and government regulation as well as those
factors discussed in the section entitled "Risk Factors" in
Aurora's most recent Annual Information Form available on SEDAR at
www.sedar.com. Although Aurora has attempted to identify important
factors that could cause actual results to differ materially, there
may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such
statements will prove to be accurate as actual results and future
events could differ materially from those anticipated in such
statements. Aurora disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. Accordingly, readers
should not place undue reliance on forward-looking statements.
Contacts: Aurora Energy Resources Inc. Andrea Marshall Manager,
Government and Media Relations (709) 726-2223 Aurora Energy
Resources Inc. Dr. Mark O'Dea President and CEO (709) 726-2223
Website: www.aurora-energy.ca
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