Aurus Acquires the Klyon "Maple" Deposit: 1.9 Million Ounces of Gold Ore
Posted on: Tuesday, 14 March 2006, 12:00 CST
Aurus Corporation. (OTC: AURC) announced today that it had acquired the Klyon "Maple" Gold ore deposit located in the territory of Bilibinsk of Chukchi National district in Russia.
The Klyon "Maple" Gold Ore deposit has an estimated reserve of 1.9 million ounces of gold and 4.9 million ounces of silver. "We are pleased with the conclusion of this transaction. The Klyon Gold Ore deposit truly makes this property our most valued assets," said Mr. Feldbush, Chief Operating Officer of Aurus Corp. "The test carried on veins 1 and 2 clearly demonstrate high maintenance per ton and recommendations will be made to the board of directors to concentrate efforts on this property," further added Mr. Feldbush.
The company expects to release preliminary technical data by the end of March and release complete geological reports by early May.
About Aurus Corporation
Aurus Corporation is a publicly traded mining holding company, trading under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to acquire proven gold and other precious metal reserves in Russia and other emerging counties and operate 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
SOURCE: Aurus Corporation
Source: MARKET WIRE
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