Aurora Platinum Corp.: Gold Discovery Reported from the Temiscamingue Project, Quebec.
In March 2004 (see news release March 31, 2004) Aurora entered into a Joint Venture agreement with Fieldex Exploration Inc. to jointly explore the Belleterre Greenstone Belt in the Temiscamingue region of Quebec for gold, copper, nickel, platinum group metals and volcanogenic massive sulphide base metal deposits. The agreement consolidated claims held by both companies, resulting in the largest land package in the Belleterre Gold Belt and surrounding Cu-Ni-PGM terrains (1,300 claims covering 56,000 hectares).
A fixed-wing airborne magnetic survey was completed in June 2004, covering the eastern portion of the Belleterre Belt including all Joint Venture claims. Data from this survey was merged with three other detailed airborne surveys that Aurora had previously flown in the Temiscamingue region. The resulting product assisted Aurora, as operator, in targeting areas to be investigated in this first phase of field activities that consisted of reconnaissance mapping and prospecting. Prospecting activities will continue into the fall, including outcrop stripping, washing, and detailed mapping and sampling of the showings, and are currently underway on several of the new bonanza-grade gold showings. Gold mineralization is associated with sulphide mineralization within strongly altered and persistent shear zones. Results will be reported upon completion. This program will be followed by a drilling campaign later this year.
New areas favorable for hosting nickel-copper-platinum group metals deposits have also been identified and a number of new mineralized areas discovered. A helicopter borne electromagnetic survey will be flown in the fall over the newly identified komatiitic and gabbroic terrains to locate conductors indicative of massive sulphide mineralization.
Aurora has implemented a quality control program to ensure best practice in the sampling and analysis of the drill core. Half of the drill core is sampled for analysis and the remaining half of the core is stored in a secure location. The drill core is transported in security-sealed bags for preparation at ALS Chemex in Mississauga, Ontario. Samples are dried, crushed and approximately 250 grams are pulverized to pass 75 microns. Pulps are then shipped to Chemex's laboratory in Vancouver, BC for analyses. This ISO 9001:2000 registered laboratory is preparing for ISO 17025 certification.
Silver, copper, lead, nickel and cobalt are digested in a partial extraction and analyzed by atomic absorption. For values greater than 10,000 ppm, a total digestion with atomic absorption finish is undertaken. Gold, platinum and palladium are analyzed by fire assay with an ICP finish. Gravimetric analysis is done for values greater than 1,000 ppb. In addition to ALS Chemex standard quality assurance procedures, Aurora submits field duplicates, blank samples, and analytical standards every one in 40 samples.
The Temiscamingue Joint Venture project is being supervised by Dr. Michael J. Byron, (P.Geo), the Qualified Person for this project.
Aurora Platinum Corp. is actively exploring for nickel-copper-PGM deposits in Ontario and Quebec. It has a joint venture with Fieldex for exploration of the 36,000 hectare Temiscamingue Nickel-Copper-PGM and Gold Project in western Quebec. The Company also has a joint venture with Falconbridge Limited in the Sudbury District (Foy and Footwall properties) and option/joint ventures with Inco Limited including the AEM Project in northwestern Ontario and the AEM Abitibi Project in eastern Ontario/western Quebec and the Nickel Lake Project in the Sudbury District. The Company has exposure to gold and base metals exploration through its 38.6% interest in Lake Shore Gold Corp. and diamonds through its 26% interest in Superior Diamonds Inc.
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the corporation's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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|Date:||Sep 16, 2004|
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