AuRo Provides Colombia Exploration Update
October 17 2011 - 9:00AM
Marketwired
AuRo Resources Corp. (TSX VENTURE:ARU)(FRANKFURT:NXP3) (the
"Company") provided today a progress update on current exploration
on its key projects. The Company expects to complete its auger
program at El Tesoro within the next few weeks, with a full set of
results to follow. To date a strong presence of hydrothermal
activity has been observed over the area covered by the auger
program at El Tesoro, evidenced by the continuous manifestation of
hydrothermal quartz veins which have been detected in numerous soil
samples, extracted from a depth of 2.0 to 7.5 meters. The presence
of the veins suggests the potential for intrusive related gold
mineralization, comparable to mineralization at B2 Gold's/AngloGold
Ashanti's Gramalote project.
The Company's projects in the departments of Tolima-Quindo
continue to be a high priority exploration target. AngloGold
Ashanti's La Colosa project has recently reported an upgraded
inferred resource estimate of 16.27 million ounces of gold in the
region. AuRo possesses almost 30,000 hectares in the new
gold-copper porphyry district, with the closest group of
concessions located approximately 12km from La Colosa.
Colombia's state mining and geology bureau has conducted soil
geochemical surveys in this region and have identified gold in
soils anomalies, as well as former artisanal mines 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.
Further to its news release of September 8, 2011, announcing the
engagement of Pinnacle Capital Markets Ltd. as Investor Relations
consultants, AuRo wishes to clarify that the 300,000 incentive
stock options granted to Pinnacle have an exercise price of $0.11
per share with a one-year term.
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.
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
www.auroresources.com.
ON BEHALF OF THE BOARD
Mark Lawson, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: AuRo Resources Corp. Mark Lawson President & CEO
416-623-0565www.auroresources.com Pinnacle Capital Markets Stephen
Goodfellow 416-900-3719 Pinnacle Capital Markets Spyros Karellas
416-800-8291
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