InvestorsHub Logo
Post# of 99
Next 10
Followers 35
Posts 12463
Boards Moderated 8
Alias Born 12/17/2002

Re: None

Tuesday, 09/21/2004 7:32:27 PM

Tuesday, September 21, 2004 7:32:27 PM

Post# of 99
Aurogin Resources Ltd.: Final Assay Results In From El
Sastre

TORONTO, ONTARIO--(CCNMatthews - Sept. 21, 2004) -

Program Confirms Significant Depth Extent to Deposit

Aurogin Resources ("Aurogin" AUQ -- TSX Venture) has received
final assay results from the summer field program at the
company's El Sastre Gold deposit in Guatemala. The program was
successful in determining significant depth extent of the flat
lying, high grade mineralization identified in surface trenches
by the previous operators. The deposit is being modeled using the
exploration results generated by the previous operators and the
results from the Aurogin exploration efforts. The previous
operators Radius Gold Inc. and Goldfields Mining provided
approximately 1,000 assay points mainly from trenches and channel
and chip samples. Aurogin's results consist of 350 samples in the
form of composites from 38 short air track drillholes as well as
backhoe trenches (up to 13m deep), channel samples (up to 6m in
length) and chip samples.

The data will be used for the development of a pit design, mine
plan and economic model. A Mineral Exploitation Application has
been submitted to the Ministry of Energy and Mines and approval
is pending acceptance of the EIS (Environmental Impact Study).

New results from vertical channel samples starting from surface
include 13 g/t over 6.8 meters, 15 g/t over 5.0 meters, 10 g/t
over 4.2 meters and 20 g/t gold over 1.6 meters.-

Column testing carried out on the bulk sample which was taken in
July shows that the majority of leachable gold can be extracted
within a period of one month. The column tests simulate run of
mine heap leach conditions with no agglomeration, which indicates
that the gold can be extracted with low capital and operating
costs. Bottle roll tests carried out in February this year
returned gold recoveries ranging from 95.0% to 99.3% in 24 hours.
Final column test results are expected by the end of September.

"These results provide confidence that the El Sastre deposit can
be developed into a high profit margin, small tonnage open pit,
gold mining operation", said Aurogin President John Paterson, "We
are very encouraged by both the grade and metallurgical test
results and are excited about the prospects for corporate growth
through the development of a heap leach gold mine at El Sastre in
the year ahead."

- The program was carried out under the supervision of John H.
Paterson, P.Eng. President and qualified person for Aurogin.

Aurogin is actively exploring in Canada and Guatemala. Further
information can be found on the company's web site at:
www.auroginresources.com

Issued: 22,309,055 common shares

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Aurogin Resources Ltd
John H. Paterson, P.Eng.
(416) 214-4809
jpaterson@bellnet.ca
www.auroginresources.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for this News release.


Ed

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.