Aurora Gold Corporation Is Pleased to Announce That Drilling Will Commence on the Joint Venture São João Property Located in the Tapajos Gold Province, Pará, Brazil
SOURCE:
Aurora Gold Corporation
2008-07-17 12:35:00
Aurora Gold Corporation Is Pleased to Announce That Drilling Will Commence on the Joint Venture São João Property Located in the Tapajos Gold Province, Pará, Brazil
BALCATTA, AUSTRALIA–(EMWNews – July 17, 2008) – Aurora Gold Corporation (the “Company,”
“Aurora Gold”) (
mineral exploration company focusing on exploration and development of its
properties in the Tapajos Gold Province, State of Pará, Brazil, is pleased
to announce that the subsurface exploration of the São João project will
begin in late July.
Aurora Gold and their Joint venture partner, Samba Minerals Limited
(“Samba”) will begin drill testing the São João property in Northern Brazil
in late July 2008. Aurora Gold and Samba have entered into a joint venture
on the São João property and adjoining Comandante Araras property. Samba
has the right to earn up to 80% of the project by funding the project to
feasibility.
Drilling of the São João property will follow up on previous work completed
by Aurora Gold, which identified a series of at least 6 mineralised quartz
veins. The quartz veins have been traced on surface for combined lengths
of several hundreds of meters. The principal vein was initially sampled
and resulted in 80m @ 31 g/t gold and will be included in the planned drill
program.
Access to the site has been cleared and the exploration camp facilities are
currently being updated to manage the next phase of exploration.
Aurora Gold is a mineral exploration company focusing on the exploration
and development of its 4 exploration properties and 6 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. Of course as you should note,
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
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: (+61) 8 9240-2836 Address: 30 Ledger Road, Balcatta, WA, 6021 Australia Website: http://www.aurora-gold.com |
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