Aurora Energy Resources Inc.
TSX : AXU

Aurora Energy Resources Inc.

December 05, 2006 10:10 ET

Aurora Extends the Depth of Jacques Lake Uranium Deposit to 235 Metres

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 5, 2006) - Aurora Energy Resources Inc. ("Aurora") (TSX:AXU) is pleased to announce that new drill holes from the Jacques Lake deposit ("Jacques Lake") in coastal Labrador have further expanded the size of the deposit.

Results from drill holes JL-06-43 and JL-06-45 are highly significant as they now firmly establish that uranium mineralization extends from surface to a depth of 235 metres in the central part of the deposit. Mineralization remains open at depth for further expansion.

"Aurora has delivered on one of its key 2006 objectives," says Dr. Mark O'Dea, Aurora President and CEO. "We've advanced Jacques Lake from a conceptual target to a growing uranium resource. Our findings suggest that this is just the beginning of a strategically significant uranium district."

Highlights are as follows:

1. JL-06-43 intersected 0.11% U3O8 over 29.00 metres, including 0.30% U3O8 over 3.42 metres.

2. JL-06-45 intersected two parallel zones of mineralization:

- 0.13% U3O8 over 27.50 metres; including 0.25% U3O8 over 5.35 metres, and

- 0.12% U3O8 over 10.0 metres.

To date, mineralization at Jacques Lake has been intersected intermittently over a strike length of approximately 600 metres. The best results, thus far, define a thick, central, high grade zone that is similar in size, shape and grade to Michelin, located 30 kilometres to the southwest. This high grade zone currently has been defined to a depth of 235 metres, with an average true thickness of 20 metres and remains open for expansion. For comparison purposes, mineralization at Michelin has been intersected to depths of 750 metres and it too remains open for expansion. The stated widths are between 70% and 90% of true widths

For a current long section of Jacques Lake please visit http://www.aurora-energy.ca/files/AN06-26JLlongsection_web.jpg



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Hole ID From (m) To (m) Interval (m) %U3O8
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JL-06-43 9.58 39.00 29.42 0.11
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including 9.58 13.00 3.42 0.30
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and incl. 19.00 25.18 6.18 0.16
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and incl. 30.30 39.00 8.70 0.12
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JL-06-45 278.50 306.00 27.50 0.13
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including 278.50 283.00 4.50 0.16
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and incl. 287.80 293.50 5.35 0.25
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and 347.00 357.00 10.00 0.12
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Four exploration holes were drilled to test other discrete targets along the five kilometre long Jacques Lake uranium anomaly; however, no significant values were returned. Additional drill results from Jacques Lake are pending.

About Aurora

Aurora stands out amongst the world's uranium exploration and development companies as having one of the best combinations anywhere of resource size, extractability, exploration potential, management skills, as well as low technical, environmental and country risk. Aurora continues to explore, discover and define Labrador's Central Mineral Belt as Canada's next long term uranium district.

Ian Cunningham-Dunlop, P.Eng, Vice President, Exploration for Aurora, is the designated Qualified Person for Aurora on the Central Labrador Uranium Project.

Drill core was prepared and analyzed in accordance with industry standards by Activation Laboratories Ltd, Ancaster, Ontario. Except for the statements of historical fact contained herein, certain information presented constitutes "forwardlooking statements". Such forward-looking statements, including but not limited to, those with respect to the timing and amount of estimated future resources and resource conversion rates potential for expansion and potential size of future exploration programs involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Aurora to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to the actual results of current exploration activities, future technical and country risks and mineability of the deposits, conclusions of economic evaluations, uncertainty in the estimation of mineral resources, changes in project parameters as plans continue to be refined, future prices of uranium, environmental risks and hazards, increased infrastructure and/or operating costs, labor and employment matters, and government regulation as well as those factors discussed in the section entitled "Risk Factors" in Aurora's Prospectus dated March 8, 2006 available on SEDAR at www.sedar.com . Although Aurora has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Aurora disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements.

Contact Information

  • Aurora Energy Resources Inc.
    Dr. Mark O'Dea
    President & CEO
    (604) 632-4677 or Toll Free: 1-877-632-4677
    or
    Aurora Energy Resources Inc.
    Dr. Rick Valenta
    Chief Geoscientist
    (604) 632-4677 or Toll Free: 1-877-632-4677
    Website: www.aurora-energy.ca