AURC .35 This is just part of their holdings.
Aurus Provides Technical Data on Its Klyon "Maple" Property and Its 1.9M Ounces of Gold and 4.9 Ounces of Silver
Today Market Value of 1.9 Million Ounces of Gold and 4.9 Million Ounces of Silver Is Approximately: USD $1,350,000,000
May 16, 2006 9:00:00 AM
MONTREAL -- (MARKET WIRE) -- 05/16/06 -- Aurus Corporation. (OTC: AURC) provided today some technical details on its Klyon property "Maple" deposit, which has 1.9 million ounces of gold and 4.9 million ounces of silver.
2 veins of volcanic structures represent the Klyon reserve. The length of Vein 1 is equal to 1,700 meters. The vein presents a complex structure that is non-uniform on proceeding and falling abruptly with an inclination of 84 to 90 degree in the direction of the southwest. The vertical slope is 220 meters and a uniform body flanks the vein. The maximal capacity of the ore body reaches 26.8 meters and the maintenance ranges from 0.01 up to 163.1 grams per ton for gold and 0.01 to 1067.9 gram per ton for silver.
Vein 2 is tracked by mountain developments and proceeds on 1,250 meters in length. The vein 2 falls in view of an erosive cut estimated at 500 meters. Capacity of the vein caries 0.4 meters to 5.9 meters. The maintenance of gold on vein 2 ranges from 0.01 to 380.5 grams per ton and from 0.01 to 211.9 grams per ton of silver.
The company stated a complete independent report will soon be available and posted on its website. The company also reported that the financial statement should read reserves instead of debt, since the ore reserves are in operation, a offsetting transaction is need to balance the financial statement and the financial currently show long-term debt. The company does not have any long-term debt.
About Aurus Corporation
Aurus Corporation is a publicly traded mining holding company with several precious metal properties with over 5 million ounces in gold reserves, trading under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to continue acquire proven gold and other precious metal reserves in Russia and other emerging counties and operate its mines 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 |
