Aurora Acquisition Corp (AURC)

[WhiteSahara]

See how AURC compares with this goldmine. This was pasted on Rigatoni's Platinum board. Please note the word "rich" used with 6+ grams per ton of ore. I laugh out loud. Some of our mines are up over 20-28 grams of AU per ton. What would they call that?? By the way, after talking to Mr. Parkin today, my valuation of AURC went up about 10%. IMHO Airdale


Pearl Asian Mining Industries: Significant Gold and Silver Deposits Discovered at the XYZ Gold Mine: Geologist Recoverable Yield Estimate 1.5 Million Tons, an Average Grade of 6.34 Grams/Ton Gold (AU) and 37.24 Grams/Ton Silver (AG) in 20 Hectares Only
Wednesday February 8, 2:02 pm ET
Estimated Gross Value of $327,930,000.00 at $500.00/Ounce of Gold and $19,444,300.00 at $8.00/Ounce of Silver


PASIG CITY, Philippines--(BUSINESS WIRE)--Feb. 8, 2006--Pearl Asian Mining Industries (OTC:PAIM - News) releases the summary report on the Geological Resource Studies within the 20 hectares of the XYZ Gold Mines Site Mineral Deposits.
The current tenement portfolios of PAIM are: (1) Small Scale Mining Claim Permit (SSMP) - 20 hectares, (2) Mineral Production Sharing Agreement (MPSA) - 720.00 hectares, (3) Exploration Permit Application (EPA) - 1,807.4773 hectares.

The recent exploration based on the Geological report of the Gil Apuya's MAYON Geological Company states that the present Geologic Resource of XYZ Gold Mine is about 1.5 million tons at a grade of 3.04 g/t-Gold (AU) and 19.96 g/t-Silver (AG). PAIM's team interpretation or projection as to mineable resource (projected to be mined or extracted) is about 446,592 tons at a grade of 5.13 g/t-Gold and 31.14 g/t-Silver. The mineable resources are categorized into low grade source of about 120,000 tons at a grade of 1.84 g/t (grams per ton)-Au (Gold) and 14.50 g/t (grams per ton)-Ag (Silver). The high grade source of about 326,592 tons at a grade of 6.34 g/t-Au; 37.24 g/t-Ag. These ores to be mined will be processed by heap leaching C-I-L and ELSA methods. The abandoned tunnels 3 and 4 are included in the projected high grade zone. The high grade zone or block of mineable resource of 326,592 tons using interpolation started from trench no. 1 at elevation 220 meters up to trench no. 4 at elevation 300 meters with a strike length of 400 meters. The 400 meters strike length was projected downward until elevation 160 meters, where abandoned tunnel no. 1 is situated. The average grade of the block of 6.34 g/t-AU; 37.24 g/t-AG were derived from the surface of tunnels 3 and 4 samples. The block grades were projections and will be confirmed once the tunnels are rehabilitated and sampled.

The estimates are based on projections derived from trench 1 down to tunnel 1 and possibly beyond tunnel 1 extending east and is subject for field investigation. Basing on the initial exploration results, the XYZ mineral deposit is an epithermal vein type deposit. The extent of the deposit at depth must be further studied through rehabilitation of old tunnels and core drilling to acquire more geological data and increase resource potential.