OK for gold project.
OK FOR GOLD PROJECT. Aurogin Resources Ltd. (based in Toronto,
Ont.) on Aug. 23 announced that it has received the Resolution of the
Guatemala Ministry of the Environment and Natural Resources The Ministry of the Environment and Natural Resources (MARENA), formally known as the Nicaraguan Institute of Natural Resources and the Environment (IRENA), was created in 1979 by the Sandinistas of the Nicaraguan government. approving
the Environmental Impact Assessment (EIA (Electronic Industries Alliance, Arlington, VA, www.eia.org) A membership organization founded in 1924 as the Radio Manufacturing Association. It sets standards for consumer products and electronic components. ) of Aurogin's El Sastre
Gold Project located 30 km northeast of Guatemala City. Plans call for
construction to commence this fall with production scheduled for the
spring of 2006, said John Paterson, Aurogin 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. , adding
that Aurogin is in discussions with several parties regarding a
combination of debt and equity financing Equity Financing
The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. for the project. Production
from the open pit mine is scheduled to start at a rate of 20,000 oz/yr,
increasing to 40,000 oz/yr as more resources are defined. Details: John
H. Paterson, P. Eng. Tel: (416) 214-4809: Email: jpaterson@bellnet.ca.
Web: www. auroginresources.com.
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