Aurora Gold Corporation Announces That a Ground Geophysics Program on the Sao Joao Joint Venture Project in the Tapajos Gold Province, State of Para, Brazil Is Nearing Completion
ZUG, SWITZERLAND, Oct 17, 2008 (MARKET WIRE via COMTEX) -- Aurora Gold Corporation (the "Company," "Aurora Gold") (OTCBB: ARXG) (FRANKFURT: A4G) (XETRA: A4G) (BERLIN: A4G), a mineral exploration company focusing on exploration and development in the Tapajos Gold Province, State of Para, Brazil, is pleased to announce that the ground geophysics program on the Sao Joao Joint Venture project is nearing completion.
Aurora Gold and their Joint Venture partner, Samba Minerals Limited ("Samba"), have commenced approximately 19 kilometres of ground geophysics at the Sao Joao project in the Tapajos region of Brazil. Initial gradient array and ground magnetic geophysics will be followed up by limited Dipole-Dipole geophysics on selected anomalous lines where follow-up detail is required for better interpretation.
Sao Joao Project
On the 28th of September, ground geophysics commenced on the Sao Joao grid with the intention of covering the most promising gold anomalous areas defined to date from rock chip and channel chip sampling (80m @ 30.9g/t gold).
Approximately 19 kilometres of grid line geophysics will be undertaken to define structural trends coincidental with anomalous rock chip geochemistry recorded to date. The full grid will be covered with both gradient array and magnetic geophysics to allow better definition of the continuity between known points of gold anomalism. It is anticipated that a further but limited dipole-dipole geophysical program will be implemented to further define the most anomalous areas.
Once all data has been collected and interpreted, the most promising targets will then be further tested with trenching, pitting and drilling during the first and second quarters of 2009. Results from the trenching, pitting and drilling will be calculated in accordance with the Australasian Joint Ore Reserves Committee (the "JORC") code for reporting of Mineral Resources and Ore Reserves (the "JORC Code").
Elsewhere on the Sao Joao grid, trenching, mapping and sampling is also underway on the most prospective areas. The aim of the trenching and sampling is to gain a better understanding on the alteration zones adjacent to mineralised quartz veins sampled to date.
Aurora Gold is a mineral exploration company focusing on the exploration and development of its 4 exploration properties and 6 applications in the Tapajos Gold Province, State of Para, Brazil. The project areas were selected due to their proximity to known gold occurrences and from historical records of gold production. Please note that proximity to an area having historical records of gold production provides no assurance that we will discover any commercial resources on our property. The lithologies associated with the projects are similar to those that have proven to be the host of significant gold occurrences elsewhere in the Tapajos. Aurora Gold's stock trades under the symbol "ARXG" on the OTC Bulletin Board in the United States, under the symbols "A4G.FSE" and "A4G.ETR" on the Frankfurt Exchange and "A4G.BER" on the Berlin-Bremen Stock Exchanges in Germany.
ON BEHALF OF THE BOARD
President, CEO and Director
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