InvestorsHub Logo
Followers 25
Posts 956
Boards Moderated 0
Alias Born 01/23/2012

Re: None

Friday, 08/02/2013 11:41:36 AM

Friday, August 02, 2013 11:41:36 AM

Post# of 11
Aurora Gold Corporation Announces Update of Activities on Sao Domingos

http://www.otcmarkets.com/stock/ARXG/news

Aurora Gold Corporation Announces Update of Activities on Sao Domingos

ZUG, SWITZERLAND, Aug 02, 2013 (Marketwired via COMTEX) -- Aurora Gold Corporation (the "Company," or "Aurora") (OTCQB: ARXG)(BERLIN-BREMEN: A4G), is a mineral exploration company focusing on exploration and development in the Tapajos Gold Province, State of Para, Brazil.


-- POU-7 Miniplant and Minilab systems completed and trialed on Sao
Domingos.
-- Auger drill arrives on site at Sao Domingos.
-- New Camp construction continues.
-- Soil results show extensive continuity to interpreted mineralization
west of the Fofoca resource.
-- Site visit completed by Independent Qualified Person in relation to the
NI43-101 technical report.

The Board of Aurora Gold Corporation is pleased to announce an update on the activities.
POU-7 Miniplant and Minilab systems have arrived on Sao Domingos and have undergone initial trials. Results confirmed that coarse gold can be efficiently extracted. Preparations are underway to initiate the bulk sampling program of several areas delineated as potential economic elluvial and alluvial gold accumulations. The prime targets are located in and around the priority Toucano gold occurrence.

Testing of the mobile Miniplant involved processing garimpeiro reject material and realized some coarse gold results demonstrating the high potential for gold recoveries from the Trial mining areas once granted. Aurora will continue to bulk sample the several identified target areas in preparations for the focused stock piling and treatment of interpreted economic targets.

The Aurora Auger drill rig has arrived on site and is being positioned to follow up geochem anomalies in and around the Toucano gold occurrence.

The new camp area is nearing completion and several of the buildings have been completed. The work shop areas and the mini lab locations have been defined in accordance with local regulations and located adjacent to the main camp compound.

Aurora has also extended community relations to include assisting in revamping the local school and assisting in the implementation of a local police force.

The soil sampling results over the Fofoca grid received to date confirm the presence of further gold mineralization west of the Fofoca resource area. Interpretations of the gold in soil results have shown a good correlation to the previously completed ground geophysics. Interpretations suggest that the mineralization has been offset, as also interpreted from geophysics, and that there is a continuation of anomalous areas which will be followed up. Further mineralized areas are noted to extend further to the north outside of the current grid area and preparations are underway to extend the grid to cover these areas.

Aurora continues to work closely with Haywood Securities Inc and the Company's advisors to complete its application to migrate from the Securities and Exchange Commission (SEC) to the Toronto Stock Exchange -Venture (TSX-V). Completion of the site visit during June by Michael Montgomery of Geosure Australia, marked the final stage of the independent technical report, NI43-101, required for the listing of Aurora. The report was filed with the TSX-V for review, along with all other relevant records and documents.

Mr. Pearl commented that with all the activity and the success of the current exploration, Aurora is in a position to move into a new and exciting phase of the Company's desire to become a major force in the Tapajos region. The Company has included local community initiatives including revamping the local school, assisting in the implementation of a four man police force in the town and providing local employment. Several aspects of the Company's vision will be realized contemporaneously in the near future. The Company expects to achieve the listing in Canada, the granting and implementation of the trial mining license, the delineation of further hard rock targets with the drilling on the high grade Toucano target and the extension to the known mineralization of Fofoca. Several other gold targets have also been noted and will be prioritized for follow up. The new camp is also expected to ready and functioning to support the extended field team and workshops for a prolonged period of activity on Sao Domingos.

ON BEHALF OF THE BOARD

Lars Pearl, CEO and Director

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains statements that plan for or anticipate the future, called "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of those terms and other comparable terminology.

These forward-looking statements appear in a number of places in this press release 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 acquire properties on commercially viable terms; challenges to our title to our properties; operating or technical difficulties in connection with our exploration and development activities; currency fluctuations; fluctuating market prices for precious and base metals; the speculative nature of precious and base metals exploration and development activities; environmental risks and hazards; governmental regulations; and conduct of operations in politically and economically less developed areas of the world.

Many of these contingencies and uncertainties can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to our most recent annual report on Form 10KSB and other filings made by us with the United States Securities and Exchange Commission for more detailed discussions of the contingencies and uncertainties enumerated above and the factors underlying the forward-looking statements. These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities and Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities and Exchange Commission at 1-800-SEC-0330. The U.S. Securities and Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities and Exchange Commission at http://www.sec.gov.

We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

This press release is for informational purposes only and is not and should not be construed as an offer to solicit, buy, or sell any security.

CUSIP No. 051642106

WKN: (Germany) 904846

Picture available at the following address: http://media3.marketwire.com/docs/ARXG0802.jpg



Contacts:
Aurora Gold Corporation
Lars Pearl
President, CEO & Director
(+41) 41 711 0281

Aurora Gold Corporation
C/- Coresco AG,
Level 3, Gotthardstrasse 20
6304 Zug, Switzerland
www.aurora-gold.com


SOURCE: Aurora Gold Corporation



CONTACT: http://www.aurora-gold.com

(C) 2013 Marketwire L.P. All rights reserved.
-0-

SUBJECT CODE: Manufacturing and Production:Mining and Metals

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.