Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Sept. 6, 2011) – AuRo Resources Corp. (TSX VENTURE:ARU)(FRANKFURT:NXP3) is pleased to announce that a National Instrument 43-101 Technical Report entitled “Technical Report on the Arboledas Property, Norte De Santander, Colombia” (the “Technical Report”) has been filed on SEDAR. The Technical Report dated January 20, 2011 was prepared by Andrew J. Turner, B.Sc., P. Geo, and is available at www.sedar.com and on the Company’s website.
The Arboledas gold property consists of four concession areas that total approximately 14,077 hectares, located in the departments of Norte de Santander and Santander. This is approximately 55km north of the city of Bucaramanga, and 15km southwest of the town of Arboledas. These concessions are also located approximately 18km north of the California-Vetas gold-silver mining camp, host to EBX Group’s La Bodega multimillion ounce gold discovery (formerly owned by Ventana Gold Corp.), and Eco Oro Minerals’, formerly Greystar Resources, Angostura gold-silver deposit, as well as Galway Resources.
The Arboledas property is being explored for structurally controlled, intrusive related epithermal gold and gold-silver deposits. Sampling on the Quebrada Ventanas area of the property in 2009 was conducted between the elevations of 2300 and 2800m. Of the 48 rock samples collected, eight (8) samples returned assay results greater than, or equal to, 0.50 g/t gold, including an assay of 8.43 g/t gold. Subsequent exploration will include float mapping and sampling, and stream sediment sampling of drainages. AuRo is in the process of building a road to improve access to the Arboledas property.
The content of this news release has been reviewed by Mr. Ken Thorsen, P. Eng., who serves as the Qualified Person in accordance with National Instrument 43-101.
About AuRo Resources Corp.
AuRo Resources is a mineral exploration company with major land positions in Colombia’s leading gold camps. The Company holds property interests in three of the country’s most prolific gold regions in Antioquia, Tolima-Quindio, and Santander-Norte de Santander. AuRo shares trade on the TSX Venture Exchange under the symbol ARU. For further information please visit www.auroresources.com.
ON BEHALF OF THE BOARD
Mark Lawson, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
