(InternetWire) Aurus Increases Production and Acquires Krong Ltd. With Its 2.8 M
llion Ounces of Gold Reserves
NEW YORK, NY -- (MARKET WIRE) -- 09/21/06 -- Aurus Corporation (PINKSHEETS: AUR
) announced
today that it has acquired all the outstanding shares of Krong Ltd. which
assets include a production plant with 2,800,000 ounces of gold reserves.
"We are very enthusiastic with the possibilities presented with the
acquisition of Krong Ltd. Our proven reserves combined with theirs will
add up to over 7 million ounces and therefore will make AURUS one of the
new leaders in the industry," said Mr. Gerald Parkin, President of Aurus
Corp. "Their production plant and the technology employed for the
extraction of gold tailings is exceptional and will assure us an edge which
will enable us to increase production dramatically," further added Mr.
Parkin. Krong Ltd. has a unique technology in treating tailings and this
method shall be used in extracting ore from the other reserves of gold
tailings owned by Aurus as well as from other sites throughout the
federation of Russia.
About Aurus Corporation
Aurus Corporation is a publicly traded mining holding company with several
precious metal properties with over 5 million ounces in gold reserves,
trading under the ticker symbol AURC on the US Pink Sheets market. Aurus
seeks to continue acquire proven gold and other precious metal reserves in
Russia and other emerging counties and operate its mines through joint
ventures and or partnerships.
About Krong Ltd.
Krong Ltd. is a privately owned company founded in 1997. It is a fully
operational mining extracting and processing enterprise situated within 125
miles from Moscow. The tailings represent a total of 80,000 tons of
material laying on the surface; engineering reports demonstrate an average
of 0.69 gms/ Ton. The enterprise has developed unique technologies which
allow the extraction of metals from tailings and, in addition, it uses the
waste remaining after the process to make building materials. There is no
comparable technology in the world.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of
historical facts are forward-looking statements, which contain our current
expectations about our future results. Forward-looking statements involve
numerous risks and uncertainties. We have attempted to identify any
forward-looking statements by using words such as "anticipates,"
"believes," "could," "expects," "intends," "may," "should" and other
similar expressions. Although we believe that the expectations reflected in
all of our forward-looking statements are reasonable, we can give no
assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those
results to differ materially from those indicated in any forward-looking
statements made by us or on our behalf. Such factors include our limited
operating history; our need for significant capital to finance internal
growth as well as strategic acquisitions; our ability to attract and retain
key employees and strategic partners; our ability to achieve and maintain
profitability; fluctuations in the trading price and volume of our stock;
competition from other providers of similar products and services; and
other unanticipated future events and conditions.
Contact:
Gerald Parkin
President
Aurus Corporation
gparkin@auruscorp.com
514-591-3666
www.auruscorp.com
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