Aurelian Announces Graduation to TSX
Tuesday February 27, 10:41 am ET
TORONTO, ONTARIO--(CCNMatthews - Feb. 27, 2007) - Aurelian Resources Inc. ("Aurelian")(TSX VENTURE:ARU - News) announced today that the Toronto Stock Exchange ("TSX") has approved the Company's application for listing of Aurelian's outstanding common shares on the TSX. Commencing market opening on Wednesday, February 28, 2007, the common shares of Aurelian will begin trading on the TSX under the symbol "ARU". On commencement of TSX trading, Aurelian's shares will be delisted and cease trading on the TSX Venture (TSX-V).
"We are very pleased that we were able to meet the listing conditions as set out by the TSX last week with such a quick turn around time," says Patrick F.N. Anderson, President and CEO. "This move will increase our exposure to a much larger investment community."
In conjunction with the listing, Aurelian will be filing on SEDAR a new NI 43-101 Technical Report that describes the geology of the FDN deposit as we now understand it and sets out our QA/QC procedures. Highlights from the report include:
- Drilling has outlined a large, complex body of epithermal mineralization between two subparallel strands of the north-striking Penas Fault zone, centred about 1.5 km north-northwest of the Bonza-Las Penas (BLP) deposit.
- Five mineral zones (FDN1 through FDN5) have been interpreted, distinguished on variations in texture, geochemical signature, and mineralogy. Gold occurs in all mineral zones in quartz veins varying from metre- to millimetre-scale widths.
- The core body of the mineralization is subvertical to steeply west-dipping, generally traceable over 230 m or more in vertical extent and up to 125 m in horizontal width.
- The FDN deposit formed in a subsiding block in a pull-apart basin, whose locating faults are believed to be part of the plumbing system for the fluids that formed the deposit. The overlying Suarez Formation is believed to have played an important role in protecting near-surface mineralization from later erosion.
- Micon concludes that Aurelian is conducting an industry-standard QA/QC program in conjunction with its sampling and assaying of FDN core.
- The FDN discovery reveals that there is good potential to find other sites of buried mineralization under the Suarez Formation.
The report, prepared by Micon International Ltd., is entitled 'A Review of the Geology of, and Exploration and Quality Control Protocols Used at the Fruta del Norte Deposit, Zamora-Chinchipe Province, Ecuador'. The report was authored by B. Terrence Hennessey, P.Geo. of Micon and Peter W. Stewart, P.Geo., a consultant to Aurelian, both of whom are Qualified Persons under NI 43-101.
About Aurelian:
Aurelian Resources Inc. is a publicly-listed (TSX VENTURE:ARU - News) junior resource company engaged in the business of exploring, discovering and developing mineral wealth in Ecuador. The Fruta del Norte discovery lies at the heart of the Condor Project properties, located in south-eastern Ecuador and consisting of 39 mining concessions totaling approximately 95,000 hectares.
Forward Looking Statement:
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contact:
Patrick F. N. Anderson
Aurelian Resources Inc.
President & CEO
(416) 868-9100
(416) 868-1807 (FAX)
Email: pfnanderson@aurelian.ca
Website: www.aurelian.ca
Source: Aurelian Resources Inc.
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