AuRo Controls the Largest Contiguous Land Package in the California-Vetas-Surata Mining District, Colombia
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/02/11 -- AuRo Resources Corp. (TSX VENTURE: ARU)(FRANKFURT: NXP3) is pleased to provide further details of its 18,734 hectare Surata Gold Project, the largest contiguous land package in the California-Vetas-Surata Mining District of Colombia. This area is one of the most prolific gold camps in Colombia, host to the multi-million ounce Angostura and La Bodega gold-silver deposits, and several recent major gold discoveries.
The Surata Gold Project is located approximately 10 kilometers west of CB Gold's (TSX VENTURE: CBJ) 800 hectare Vetas Gold Project in Santander, Colombia. On October 24, 2011, CB Gold Inc. reported drill results from its Vetas Project which includes an intercept of 114.98 metres at 7.57 g/t gold, including 40.89 metres at 17.17 g/t gold at the Real Minera Stockwork Zone.
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The Surata Project's 18,734 hectares consists of eleven concessions of which six have titles and five are in the application stage pending title. The titles are 100% owned by AuRo's Colombian subsidiary, Oro Barracuda, through contracts with the Colombian government, and are not option agreements. The concessions are all below 3,200 metres in elevation.
Exploration and studies by Ingeominas (the Colombian national geological institute) have identified several intrusive bodies that are closely related in age and composition to intrusives that host significant gold-silver mineralization in the region, including CB Gold Inc.'s (TSX: CBJ) Vetas Project, Eco Oro Minerals' (TSX: EOM) (formerly Greystar), Angostura Project, AUX's LaBodega and La Mascota deposits (formerly owned by Ventana Gold), and Galway's (TSX VENTURE: GWY) California gold discoveries, located approximately 10 kilometres east of the Surata Project. Gold mineralization in the district is also associated with a system of northeast trending faults that control gold deposition. At the Surata Gold Project, two similar northeast trending faults transect part of the property.
Between, 2008 and 2010, one hundred and fourteen rock samples and nine stream sediment samples were collected on and around the property. Assay results ranged from below detection to a high of 3.06 g/t gold. One sample of sulphide bearing (pyrite) quartz vein was collected on the Surata property and had a unique geochemical signature with a strong epithermal association including elevated arsenic, antimony, bismuth and copper. This sample was taken in an area with silicic, phyllic and sericitic alteration and quartz vein mineralization within a granodiorite-quartz monzonite intrusive. The alteration zone appears to extend about 3400 meters in a northeast-southwest direction and to be at least 3200 meters wide.
Further exploration is planned to test the Surata property's potential for hosting structurally controlled, intrusive related epithermal gold and gold-silver mineralization, similar to other significant deposits in the California-Vetas mining districts.
The next phase of exploration at Surata will be comprised of airborne geophysics, structural mapping, stream sediment sampling, and rock sampling. Significant targets identified by this program will be tested by diamond drilling.
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.
Contacts:
AuRo Resources Corp.
Mark Lawson
President & CEO
416-623-0565
AuRo Resources Corp.
John Gomez
Director
604-484-7118
www.auroresources.com
Pinnacle Capital Markets
Stephen Goodfellow
416-900-3719
Pinnacle Capital Markets
Spyros Karellas
416-800-8291
