Auro Discovers New Target at Arboledas In the California-Vetas District
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/22/12 -- AuRo Resources Corp. (TSX VENTURE: ARU)(FRANKFURT: NXP3) (the "Company" or "AuRo") is pleased to announce that it has discovered a new target at its Arboledas Gold Project. This new target covers an area of approximately 2kms x 1km and will be the focus of detailed mapping and soil sampling to define drilling targets. The remainder of the property continues to be evaluated and will be subject to geologic mapping, rock and stream sediment sampling to define targets for detailed follow-up. All of the areas within the Arboledas project are below the 3200 metres "Paramo" limit for exploration.
The Company's field crews have mobilized and begun detailed mapping and sampling on its Arboledas project located 15 kms north of the California-Vetas district, host of EBX Groups La Bodega multi-million ounce underground gold discovery, and EcoOros Angostura underground gold deposits as well as new discoveries reported by Galway Resources, CB Gold and Calvista Resources.
The Arboledas gold property consists of four concession areas that total approximately 14,077 hectares. The area of the project is located within the Santander massif and is underlain by late Proterozoic gneisses and schists overlain by weakly deformed Jurassic sediments and minor volcanics. Cretaceous to Tertiary age intrusives also occur and may be related to gold mineralization. A series of north north-east trending faults cross the property. This structural orientation is also known to control the gold mineralization in the California-Vetas district.
Previous mapping and reconnaissance by the company was focused on the western part of the property. An area of artesinal mining consisting of a number of adits on north-south trending quartz-pyrite veins was located at the headwaters of Ventanas creek and eight adits were located. During subsequent visits the presence of silicified and pyrite-bearing leucogranite to monzonite was observed.
Anomalous gold values between 0.3 and 0.46 grams/tonne (g/t) Au were identified in quartz veins hosted by these intrusive rocks. Gold values as high as 8.43 g/t Au and silver values up to 14.5 g/t were reported previously. In addition, a large area of quartz stock-work in leucocratic float was located in the north area of the concession.
The content of this news release has been reviewed by Anthony Floyd, P. Geo., who serves as a Qualified Person in accordance with National Instrument 43-101.
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.
Jeremy Ross
Corporate Development
604-893-8838
AuRo Resources Corp.
Tyler Ross
Corporate Development
604-893-8838
604-681-0796 (FAX)
AuRo Resources Corp.
Mark Lawson
President & CEO
416-623-0565
AuRo Resources Corp.
John Gomez
Director
604-484-7118