AuRo Granted Titles to Three Key Concessions at Arboledas Gold Project, Colombia
November 22 2011 - 10:47AM
Marketwired
AuRo Resources Corp. (TSX VENTURE:ARU)(FRANKFURT:NXP3) is pleased
to announce that it has been granted titles to three key properties
by the Secretary of Mines, at its 14,077 hectare Arboledas Gold
Project in Norte De Santander Department, Colombia. These key
concessions granted comprise a total of 1,881 hectares and are
located approximately 18 kilometers north of CB Gold's (TSX
VENTURE:CBJ) 800 hectare Vetas Gold Project in Santander, Colombia.
The titles are 100% owned by AuRo's Colombian subsidiary, Oro
Barracuda, through contracts with the Colombian government, and are
not option agreements with local vendors. The concessions are all
below 3,200 metres in elevation.
The Arboledas Gold Project consists of five 100% owned titles,
located in the departments of Norte de Santander and Santander. At
Arboledas, gold has been identified in areas where active artisanal
mining has been occurring. Small-scale miners are targeting
north-east striking, oxidised, subvertical veins hosted in feldspar
porphyry. These workings consist of 8 adits, in which oxidised
quartz veins and clay structures up to 1 meter wide have been
observed.
Exploration has been focused on structurally controlled,
intrusive related epithermal gold and gold-silver mineralization.
Gold mineralization is associated with a system of northeast to
southwest trending fault systems. Several intrusive bodies have
been identified at Arboledas that are closely related in age and
composition to intrusives that host significant gold-silver
mineralization in the region, including CB Gold Inc.'s (TSX
VENTURE:CBJ) Vetas Project, Eco Oro Minerals', (formerly Greystar)
Angostura Project, AUX's La Bodega and La Mascota deposits
(formerly owned by Ventana Gold), and Galway's California gold
discoveries. These aforementioned discoveries are located
approximately 12 kilometres south of the Arboledas Project.
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
416-623-0565 AuRo Resources Corp. John Gomez Director
604-484-7118www.auroresources.com Pinnacle Capital Markets Stephen
Goodfellow 416-900-3719 Pinnacle Capital Markets Spyros Karellas
416-800-8291
Aurania Resources (TSXV:ARU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Aurania Resources (TSXV:ARU)
Historical Stock Chart
From Jul 2023 to Jul 2024