TORONTO, ONTARIO--(CCNMatthews - Sept. 5, 2006) - Aurogin Resources Ltd. ("Aurogin" or "the Company") (TSX VENTURE:AUQ -
News; OTO:AROG) is pleased to announce that it has encountered significant gold mineralization in the four most recent holes drilled at the Bridge Zone in Guatemala. The holes were drilled in a zone measuring 600 m in length and up to 300 m wide before dipping under ash cover.
Aurogin holds three contiguous concessions located 37km northeast of Guatemala City, with the Bridge concession being the westernmost. The Bridge Zone is currently the main target of interest on the Bridge concession. The Company can earn a 70% interest in the project by completing a feasibility study and arranging production financing (see press release 2005-12 dated Sept. 21, 2005). The Bridge Zone is located four kilometers west of Aurogin's El Sastre Main Zone, where construction of the Company's first gold mine is nearing completion.
Assay results have been received on 10 holes to date (the results of the first six holes were released in News Release 2006-16 dated July 10th, 2006). The mineralization, which starts virtually at surface, occurs in altered volcanic ash, breccia and altered phyllite. Hole BDH-2 cut 4.1 g/t over 14.5 m, BDH-1S intersected 3.2g/t over 16.4 m, BHD-2S returned 1.3g/t over 7.5 m and BDH-3S had 1.5g/t over 22.2 m. This drilling confirms and expands the previous drilling conducted by Goldfields Mining and Radius Gold Inc. at the Bridge Zone.
Management considers these results significant because the zone is near-surface and potentially mineable by open pit. Bottle roll testing of previous samples collected by Aurogin gave a cyanide leach recovery of 83% indicating the material is not metallurgically complex. The Company plans to continue drilling to further delineate the mineralization. Neil Gow (P. Geo.) is the Qualified Person under NI 43-101 standards on this Project.
Aurogin Resources Ltd. is an emerging gold producer focused on the acquisition and development of profitable gold deposits in the Americas. The Company currently has two core projects: The El Sastre Project in Guatemala, an expanding resource that includes at least four mineralized zones, on which management is aiming to define a resource of more than one million ounces of gold; and, the Lone Mountain Project in Nevada located on the prolific Battle Mountain-Cortez Gold Trend, which has produced some 23 million ounces of gold over the past 30 years, making it the second most productive belt in the state after the Carlin District.
Issued: 49,645,721 common shares
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Contact:
Greg Taylor
Aurogin Resources Ltd.
V.P. Investor Relations
(416) 605-5120
info@auroginresources.com
www.auroginresources.com
biz.yahoo.com
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regards,
John |
