Aurora Gold Corporation Announces Results From Preliminary Exploration Programs at the Piranhas Property in the Tapajos Gold Province, State of Par29 March 2006
(OTC BB: ARXG); (Frankfurt: A4G),(Xetra: A4G); (Berlin: A4G), Aurora Gold Corporation ("Aurora Gold"), amineral exploration company focusing on exploration and development in theTapajos Gold Province, State of Pará, Brazil is pleased to announce resultsfrom preliminary exploration programs at the Piranhas property in theTapajos Gold Province, State of Pará, Brazil.
The medium to high-grade rock chip results confirms the potential for alarge gold resource at the Piranhas property.
Significant rock chip results from the Piranhas property include:
37.9 g/t Gold with 32 g/t Silver9.44 g/t Gold5.34 g/t Gold with 27 g/t Silver5.84 g/t Gold with 6 g/t Silver5.25 g/t Gold with 6 g/t Silver3.27 g/t Gold with 12 g/t Silver
The Piranhas property area is located approximately 50 km North West of theCompany's highly prospective São Domingos property and approximately 30 kmnorth of the São João property. The prime targets for the Piranhasproperty are located on and around the intersection of regional NW and NNWfaults within the Parauari Intrusive Suite and this area has been the focusof large-scale alluvial workings. The Parauari Intrusive Suite has provento host the vast majority of gold deposits elsewhere within the TapajosGold Province.
Aurora Gold conducted a rock chip program over an area currently beingexcavated for free gold in alluvial systems and weathered graniticoverburden via water canon and sluice. The sample results, listed above,demonstrate that the quartz vein systems are highly mineralised and can betraced across the river valley for at least 200m.
Aurora Gold is confident the quartz vein systems are part of a much moreextensive mineralised system and is currently planning to continue mappingand sampling. The Company is also planning to conduct an airbornegeophysics program over the Piranhas property and the Company's otherproperties in the southern Tapajos as part of its exploration strategy tolocate further mineralised vein systems and to drill test their depthextensions in the near future.
Aurora Gold Corporation is a mineral exploration company focusing on itsnewly acquired gold exploration property in the Tapajos Gold Province,State of Pará, Brazil whose stock trades under the symbol "ARXG" on theNASD OTC Bulletin Board in the United States of America, and under thesymbols "A4G.FSE" and "A4G.ETR" on the Frankfurt and "A4G.BER" on theBerlin-Bremen Stock Exchanges in Germany.
ON BEHALF OF THE BOARD
"Klaus Eckhof"
Klaus EckhofPresident, CEO and Director
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains statements that plan for or anticipate thefuture, called "forward-looking statements." In some cases, you canidentify forward-looking statements by terminology such as "may," "will,""should," "could," "expects," "plans," "intends," "anticipates,""believes," "estimates," "predicts," "potential" or "continue" or thenegative of those terms and other comparable terminology.
These forward-looking statements appear in a number of places in this pressrelease 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 acquireproperties on commercially viable terms; challenges to our title to ourproperties; operating or technical difficulties in connection with ourexploration and development activities; currency fluctuations; fluctuatingmarket prices for precious and base medals; the speculative nature ofprecious and base medals exploration and development activities;environmental risks and hazards; governmental regulations; and conduct ofoperations in politically and economically less developed areas of theworld.
Many of these contingencies and uncertainties can affect our actual resultsand could cause actual results to differ materially from those expressed orimplied in any forward-looking statements made by, or on behalf of, us.Forward-looking statements are not guarantees of future performance. Allof the forward-looking statements made in this press release are qualifiedby these cautionary statements. Specific reference is made to our mostrecent annual report on Form 10KSB and other filings made by us with theUnited States Securities and Exchange Commission for more detaileddiscussions of the contingencies and uncertainties enumerated above and thefactors underlying the forward-looking statements. These reports andfilings may be inspected and copied at the Public Reference Room maintainedby the U.S. Securities & Exchange Commission at 100 F Street, N.E.,Washington, D.C. 20549. You can obtain information about operation of thePublic Reference Room by calling the U.S. Securities & Exchange Commissionat 1-800-SEC-0330. The U.S. Securities & Exchange Commission alsomaintains an Internet site that contains reports, proxy and informationstatements, and other information regarding issuers that fileelectronically with the U.S. Securities & Exchange Commission athttp://www.sec.gov.
We disclaim any intention or obligation to update or revise anyforward-looking statements whether as a result of new information, futureevents or otherwise, except to the extent required by applicable laws.
This press release is for informational purposes only and is not and shouldnot be construed as an offer to solicit, buy, or sell any security.
For Further information, please call:Klaus EckhofPhone: (+61) 8 9240-2836Mobile: (+61) 411-148-209Address: 30 Ledger RoadBalcatta, WA, 6021 AustraliaWebsite: www.aurora-gold.com
SOURCE: Aurora Gold Corporation
Source: marketwire
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