AuRo Resources Engages Colombian Based Exploration Group
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/09/11 -- AuRo Resources Corp. (TSX VENTURE: ARU) (the 'Company') is pleased to announce that it has engaged Geoamerica Geological and Geophysical Services Ltda., to manage all of the Company's exploration activities in Colombia. Geoamerica will operate under the supervision and technical direction of GeoXplore Services S.A.S. The term of the contract is for a duration of 18 months.
GeoXplore is founded by 4 individuals, including Felipe Rodriguez Nova, Msc, Carolina Acosta, Mauricio Valencia, and Jose Cepeda. During their tenure with AngloGold Ashanti Colombia S.A., they were an integral part of the exploration team that dually discovered the 12.3 million ounce La Colosa porphyry gold deposit, and the 2.4 million ounce Gramalote gold deposit.
Mark Lawson, President & CEO of the Company, stated, 'We are truly fortunate to retain a team of this exceptional caliber. They have a proven track record of multiple, multi-million ounce discoveries in Colombia and given that this team spent numerous years working in two of the key areas where AuRo has projects, we believe they will rapidly help us identify the best exploration targets going forward.'
Overview of GeoXplore
GeoXplore Services S.A.S. is a Colombian based exploration services company comprised of 5 geologists; Mr. Felipe Rodriguez, Msc who spent 7 years working for AngloGold Ashanti in Colombia, and worked at La Colosa, Gramalote and other projects; Ms. Carolina Acosta whose specialty is structural geology and GIS and spent the last 5 years working for AngloGold Ashanti in Colombia; Mr. Mauricio Valencia (Structural Geologist specialist), and Jose Cepeda with wide experience in project management and project evaluation, they both were also senior geologists with AngloGold Ashanti in Colombia. Mr. Milton Obando has recently joined GeoXplore and will be 100% dedicated to the AuRo projects in Colombia. Mr. Obando also spent the last 7 years working for AngloGold Ashanti in Colombia and during his tenure also worked at La Colosa and Gramalote.
ON BEHALF OF THE BOARD
Mark Lawson, President & CEO
Cautionary Note Regarding Forward-looking Statements
Certain statements contained in this news release may constitute forward-looking information, within the meaning of Canadian securities laws. Forward-looking information may relate to this news release and other matters identified in the Company's public filings, Forward-looking information and anticipated events or results and can be identified by terminology such as 'may', 'will', 'could', 'should', 'expect', 'plan', 'anticipate', 'believe', 'intend', 'estimate', 'projects', 'predict', 'potential', 'continue' or other similar expressions concerning matters that are not historical facts and include, but are not limited in any manner to, those with respect to capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in any other public filings of the Company, and include the ultimate availability and final receipt of required approvals, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, access to capital markets and other sources of financing and associated cost of funds, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime and the ultimate ability execute its business plan on economically favorable terms. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other Company filings at www.sedar.com and other unforeseen events or circumstances. Other than as required by law, the Company does not intend, or undertake any obligation to update any forward looking information to reflect, among other things, new information or future events.
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.
Jeremy Ross
Corporate Development
604-893-8838
AuRo Resources Corp.
Tyler Ross
Corporate Development
604-893-8838
604-681-0796 (FAX)