AURC ; Aurus Signs Letter of Intent to Acquire the Klyon "Maple" Gold Ore Deposit ( Market Wire ) B: Aurus Signs Letter of Intent to Acquire the Klyon "Maple" Gold Ore Deposit ( arket Wire )
MONTREAL, Feb 23, 2006 (MARKET WIRE via COMTEX) -- Aurus Corporation. (OTC: AURC) announced today that it has signed a letter of intent to acquire the Klyon "Maple" Gold ore deposit located in the territory of Bilibinsk of Chukchi National district in Russia.
"This one has not been easy to lock up due to the amount of large Canadian and US-based multinationals wanting a piece of the Klyon ore deposit," said Mr. Feldbush, Chief Operating Officer of Aurus Corp. "The estimated gold and silver reserves in the Klyon deposit potentially make it our single most prized asset yet with over 1.9 million ounces of gold and 4.9 million ounces of silver and with gold still moving beyond the $550 per ounce and with experts predicting $1000 per ounce, this deposit can become our cash-cow for the next 30 years," further added Mr. Feldbush.
The company expects to sign the acquisition agreement by or before March 10 and release preliminary technical data by the end of March and release complete geological reports by end of April to early May.
About Aurus Corporation
Aurus Corporation is a publicly traded mining holding company, trading under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to acquire proven gold and other precious metal reserves in Russia and other emerging counties and operate through joint ventures and or partnerships.
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
SOURCE: Aurus Corporation mailto:gparkin@auruscorp.com http://www.auruscorp.com Copyright 2006 Market Wire, All rights reserved. *** end of story ***
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