Aurogin Completes 43-101 Report on Lupita & Bridge Zones.TORONTO -- Lupita Inferred Resource Estimated to be 518,000 Ounces Aurogin Resources Ltd. ("Aurogin") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:AUQ) is pleased to announce that it has completed a 43-101 Technical Report on the Lupita and Bridge Zones of its El Sastre Gold Project located 30 km northeast of Guatemala City.The Report, which has been filed on SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review and on Aurogin's web site, was prepared by Neil Gow (P. Geo.) of Cargill Consulting Geologists Limited ("Cargill"), an Independent Qualified Person under NI 43-101 standards. Lupita Zone Cargill has estimated the inferred resource at Lupita to be 13 million tonnes grading 1.24 g/t Au for 518,000 ounces of contained gold.Assay results from over 900 metres of reverse circulation drilling from seven drill holes were used in the estimates. The Lupita Zone, located 600 metres west of Aurogin's El Sastre Main Zone, is flat lying and consists of hydrothermal quartz with minor disseminated sulphides in phyllites.Aurogin, which is earning a 70% interest in Lupita (see Aurogin press release #2005-11, September 20, 2005), is currently conducting metallurgical testwork on Lupita samples to examine processing alternatives. The project wide 43-101 resources now stand at 54,000 ounces of indicated resource at the El Sastre Main Zone, and 635,000 ounces of inferred resource (including 117,000 ounces at the El Sastre Main Zone; see Aurogin press release #2005-5, March 29, 2005). The Lupita Zone is open for extension both along strike and at depth. "With the Lupita resource estimate, we have quadrupled the 43-101 gold resources at the El Sastre Project, and are well on our way to defining our target of one million ounces of gold in the four known Zones" said John H. Paterson, P.Eng., President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Aurogin. "We are very excited about Lupita's economic potential. Given its extremely low strip ratio and its proximity to El Sastre, mining costs are expected to be very low." Bridge Zone Aurogin has an option to earn a 70% interest in the Bridge Zone, located immediately west of the Lupita Zone. The Bridge zone consists of gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. related to hot springs that are actively depositing sulphur at the vent site.The underlying geology is comprised of friable friable /fri·a·ble/ (fri´ah-b'l) easily pulverized or crumbled. fri·a·ble adj. 1. Readily crumbled; brittle. 2. Relating to a dry, brittle growth of bacteria. carbonaceous argillite ar·gil·lite n. A metamorphic rock, intermediate between shale and slate, that does not possess true slaty cleavage. [Latin argilla, argil; see argil + -ite1. overlain by Tertiary felsic tuff and quaternary ash. Exploration on the Bridge Zone traced the mineralization over a 600 metre by 300 metre area before it disappeared under ash cover. Channel and trench samples within the mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. unit at the Bridge zone returned gold values in the range of 2.0 to 4.0 grams of gold per tonne over significant widths, including 3.59 grams of gold per tonne over 85 metres.The tuff units overlying overlying suffocation of piglets by the sow. The piglets may be weak from illness or malnutrition, the sow may be clumsy or ill, the pen may be inadequate in size or poorly designed so that piglets cannot escape. the hot spring sites are locally silicified si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. and sulfidized with anomalous gold and silver values. Previous drilling conducted by Radius and Goldfields at the Bridge zone intersected significant mineralization including: - 146.3 metres grading 0.56 grams of gold per tonne; - 19.8 metres grading 7.29 grams of gold per tonne beginning at surface; (including 6.1 metres grading 14.49 grams of gold per tonne). Cargill considers that the character of the Bridge zone merits further exploration. Aurogin plans to carry out additional drilling to examine a number of targets including an area to the southeast of the zone where recent surface sampling returned values of 8.0 grams of gold per tonne from 4.0 metre wide calcite veins. A drill program is expected to begin March 1st. Aurogin Resources Ltd., a TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. listed company ("AUQ"), is an emerging gold producer focused on the acquisition and development of profitable gold deposits in the Americas.Further information can be found on Aurogin's web site at: www.auroginresources.com. Aurogin Resources Ltd. Listed:'AUQ' - TSX Venture Issued: 43,205,721 common shares THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESP RESP Response RESP Registered Education Savings Plan (Canada) Resp Responsibility Resp Respektive (Sweden: respectively) Resp Respiration RESP Respironics, Inc. ONSIBILITY FOR THE ADEQUACY OF THIS NEWS RELEASE. Aurogin Resources Ltd. (TSX VENTURE:AUQ) |
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