Aurora Acquisition Corp (AURC)

[WhiteSahara]

More independent information is available on “Klyon” and “Chukotka” than prior mines AURC acquired, but it isn’t much. Here are copies of two articles mentioning them. The date on the first article is May of 2002 with an estimated production date of 2007. I think it is wonderful that we now have 7.1 million ounces of gold reserves, but I too would really like the financials and production schedules in hand. Also, since it looks like we won’t be producing gold at Chukotka this year, perhaps the reindeer herding will come in handy. Does anyone know if this is a lucrative business?

AIMHO Airdale

http://www.novosib.ru/news/?index=2122&english=t
22.05.02 Chukotka Autonomous District to Develop New Gold-Ore Deposit

KHABAROVSK, May 22. /FIS/. Northern Ore Technologies JSC has started design and equipment the development of a new gold-ore deposit called "Klyon" (Maple) in the Bilibinsk district of the Chukotka autonomous region. The first commercial batch of gold is expected for production in 5 years. On May 20, a special committee headed by the district's governor will select the sites for construction of industrial facilities and installation of equipment. Approval of technical and project documentation will be made this fall.



http://www.lngplants.com/ChukotkaMinerals.html

Geography: Chukotka is located on the Chukotka Peninsula and adjoining mainland. The area includes Wrangel, Ratmanov, and other islands. It borders on Yakutia, Kamchatka and Magadan, and three major arctic seas: the East Siberian, Chukchi, and Bering. The area is located at the confluence of two large rivers, the Sernoi and Enmyvaam. The Anadyr River flows through the very center of the area.

Economy: Gold mining is the peninsula's primary industry. The leading industrial sectors are the power, coal, gold-mining, food, and fishing industries. The city of Anadyr is a center of the food industry, while Uelen is a center for artistic trades. Agriculture specialities include reindeer herding, fur farming and trapping, sea mammal hunting, and greenhouse vegetable growing.