AuRo Appoints John Buckle as President & COO, Director
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/04/12 -- AuRo Resources Corp. (TSX VENTURE: ARU) (FRANKFURT: NXP3) is pleased to announce the appointment of John Buckle, P. Geo., P. Geoph., as President and Chief Operating Officer, and a Director. During Mr. Buckle's 40 year career he has participated in major discoveries throughout North and South America, with both majors and junior mining companies. Mr. Buckle's most recent discovery was the rich El Domo polymetallic deposit where he targeted the discovery drill holes. El Domo is Ecuador's largest VHMS deposit and still growing. Mr. Buckle has been President of the Canadian Exploration Geophysical Society, and President of the Association of Professional Geoscientists of Ontario from 2003-2004. For further information on Mr. Buckle's background, please see AuRo's April 19, 2012 news release (www.auroresources.com).It is a logical transition at this stage of the Company's evolution to have a member of management with exploration expertise driving our projects to the advanced exploration and discovery stage. AuRo has assembled an attractive, large portfolio of properties in Colombia's richest gold camps including in Tolima host to AngloGold Ashanti's world class La Colosa deposit.
With reported resources of approximately 24.2 million ounces, La Colosa is by far Colombia's largest gold discovery and is the 7th largest undeveloped gold deposit in the world. The Anaima-Toche area, near the La Colosa project, is one of AngloGold's top 3 greenfield exploration projects worldwide. Auro also has one of the largest land positions in Colombia's Cal-Vetas-Surata mining districts, home to the multimillion ounce Angostura and La Bodega gold deposits owned respectively by Greystar, now Eco Oro Minerals and Ventana Gold (acquired by EBX Group). AuRo intends to enter into partnerships with select mining exploration companies to advance its highly prospective properties.
Mr. Buckle will be based in AuRo's office in Bucaramanga, Colombia where he has already assembled a talented geological team. Given his extensive experience managing Latin American projects we are confident that he will be able to add to his long list of discovery successes. As President and COO, Mr. Buckle will be best positioned to take early advantage of the many opportunities in Colombia and navigate the Company through the country's socio-political landscape.
AuRo Resources CEO Mark Lawson comments, "We are excited to have John dually leading our exploration in Colombia and more integrated within the operations of the Company. This move is congruent with our previously stated strategy to continue to expand our board and management team."
AuRo Resources President John Buckle states, "I'm delighted to take a greater role with AuRo given our enviable land position in Colombia's most prolific gold districts. Our objectives include advancing our key projects to the drill stage, and finding partners to unlock the value of our properties."
In conjunction with this appointment, John Buckle will be granted a total of 1,000,000 incentive options, 250,000 will vest immediately, and the remainder will vest every 4 months. This appointment is subject to TSX Venture Exchange approval.
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, 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, 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)
AuRo Resources Corp.
John Gomez, Director
604-484-7118
www.auroresources.com