Aurora Gold Corp. Reports on Assays From Its Toucano Gold Occurrence on the Sao Domingo Property
ZUG, SWITZERLAND -- (Marketwire) -- 04/12/12 -- Aurora Gold Corporation (the "Company," or "Aurora") (OTCQB: ARXG) (PINKSHEETS: ARXG), is a mineral exploration company focusing on exploration and development in the Tapajos Gold Province, State of Par?, Brazil.
The Board of Aurora is pleased to announce that channeling sampling across its Toucano Property has yielded gold values as further described below. After a review of remote sensing imagery acquired during the last quarter of 2011, a series of areas were delineated as having potential to host mineralisation. Follow up of selected areas has resulted in a new mineralised occurrence. Coupled with the channel sample results and the other rock chip results from exposures with the Toucano system, Aurora intends to focus exploration to delineate further areas of potential mineralised material.
Toucano occurrence showing exposed mineralisation and path of channel samples and locations of grab samples.
Results of the channel sampling at Toucano resulted in the following results:
18m @ 12.8 g/t Gold including 5m @ 33.19 g/t Gold
(see map)
g/t Gold
TOU-22 2.31
TOU-23 0.02
TOU-24 38.68
TOU-25 0.41
TOU-26 0.12
TOU-27 0.30
TOU-28 1.36
TOU-29 5.31
TOU-30 0.03
TOU-31 0.15
TOU-32 0.42
TOU-33 0.66
TOU-34 85.48
TOU-35 4.73
TOU-36 11.66
TOU-37 31.44
TOU-38 33.19
TOU-39 2.90
Toucano occurrence is located in the same region as the Fofoca area of mineralised material and the Colibri occurrence.
Several other rock chip samples from in and around the Toucano occurrence returned potentially significant results. Samples listed below show results greater than 1 g/t gold only, with many anomalous samples not listed. The Company is still awaiting the final results for those assays recording greater than 100 g/t Gold. Silver was also reported in notable quantities.
Significant Toucano rock chip samples
g/t Gold
Tou 46 4.40
Tou 47 6.00
Tou 49 28.64
Tou 50 29.14
Tou 53 6.16
Tou 54 100+
Tou 58 100+
Tou 59 4.02
Tou 60 3.48
Tou 61 1.72
Tou 62 100+
Tou 63 2.34
Tou 64 36.42
Tou 65 74.54
The Company has completed a revised exploration plan and budget to test the lateral and depth extent of the Toucano occurrence with bulk sampling, trenching and drilling during the 2012 exploration season. Exploration will also focus on testing for any sub parallel mineralisation that may be associated with a broader mineralizing envelope that may include the Colibri gold occurrence. Recent sampling of areas within Colibri assayed up to 5.94 g/t Gold in quartz veinlets associated to stock work mineralisation.
Exploration will also focus on the extension of the Fofoca area of mineralised material to test the strike extent as follow up to significant gold assays from trenches along strike.
The Board of Aurora feels the Toucano occurrence could evolve as the Company's flagship target on the Sao Domingo property and currently has a technical team on site evaluating the geometry of the mineralisation in preparation for orientation of drill hole locations.
The discovery could prove to be significant in that it is sub parallel and proximal to the other mineralised occurrences on site raising the confidence level that the resource inventory could be greatly increased as most occurrences are located within a 2 km radius of each other and within 7 km of the Fofoca resource area.
Several other locations have been identified from the satellite images as hosting possible economic mineralisation and Aurora will continue to evaluate these in conjunction with proposed drilling.
Toucano occurrence showing exposed mineralisation and path of channel samples and locations of grab samples.
Although the Company is pleased with the results of the sampling there is no guarantee that it will be able to recover commercially significant amounts of minerals, if any, from the Toucano property.
Aurora's common stock is also traded on the Stuttgart and the Berlin-Bremen Stock Exchanges in Germany under the symbols "(STUT: A4G) (FRANKFURT: A4G) (XETRA: A4G) (BERLIN: A4G)."
ON BEHALF OF THE BOARD
"Lars Pearl"
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 10-K 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 and 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 and Exchange Commission at 1-800-SEC-0330. The U.S. Securities and 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 and Exchange Commission at http://www.sec.gov.
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 or Axino AG.
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Aurora Gold Corporation
Lars Pearl
President, CEO & Director
C/- Coresco AG,
Level 3, Gotthardstrasse 20
6304 Zug, Switzerland
Tel. (+41) 7887 96966
http://www.aurora-gold.com/