SOURCE: Aurora Gold Corporation

August 24, 2009 15:27 ET

Aurora Gold Corporation Announces That It Is in Advanced Discussions to Acquire Several Properties in Brazil Suitable for Early Start Up Gold Production in the Tapajos Area in Brazil

ZUG, SWITZERLAND--(Marketwire - August 24, 2009) - Aurora Gold Corporation (the "Company," "Aurora Gold") (PINKSHEETS: ARXG) (FRANKFURT: A4G) (XETRA: A4G) (BERLIN: A4G), a mineral exploration company focusing on exploration and development in the Tapajos Gold Province, State of Pará, Brazil, is pleased to announce that the Company is in advanced negotiations to acquire majority interests in several projects and move into production of oxide gold bearing material.

After lengthy negotiations with several potential oxide opportunities in the Pará State of Brazil, Aurora Gold has selected several projects considered suitable for rapid start up and gold production. The projects were chosen for their proximity to the Company's current operations and infrastructure and be managed form the Company's Sao Domingo base.

Initially the Company will focus on a property where historically the area was the scene of a large gold rush. Technical investigations have shown that the source of the alluvial material was shed from mineralised material contained in veins and stock work systems on the topographic highs bounding the previous alluvial activity. Aurora Gold initially will be sourcing mineralised material from five (5) active mining areas operated by the vendor. As current mining activity is restricted to small scale underground and surface alluvials, Aurora Gold intends to introduce a much more mechanised approach to significantly increase the tonnage of mineralised material available for processing. Earth moving equipment has been sourced and is prepared to be available for the start up.

On completion of the independent environmental studies the Company intends to open up the second and the third production opportunities located close to the Company's Sao Domingo project. Production on both of these projects is scheduled to begin during the fourth quarter of 2009. Both areas have demonstrated high grade gold recoveries in the past and Aurora Gold intends to initiate oxide production concurrent with subsurface exploration to test the depth potential for future larger scale mining.

The Company is incorporating surface mining of alluvials and oxide material to complement the exploration over these areas, due to the availability of equipment and experienced personnel. Concurrently Aurora Gold will continue to appraise the Colibri discovery on the Atacadao project located adjacent to Sao Domingo.

With becoming a small scale producer the Company has the opportunity to become a major force in a region that is fast becoming attractive location for small to medium sized gold operations.

Aurora Gold is a mineral exploration company focusing on the exploration and development of its 4 exploration properties and 2 applications in the Tapajos Gold Province, State of Pará, Brazil. The project areas were selected due to their proximity to known gold occurrences and from historical records of gold production. Please note that proximity to an area having historical records of gold production provides no assurance that we will discover any commercial resources on our property. The lithologies associated with the projects are similar to those that have proven to be the host of significant gold occurrences elsewhere in the Tapajos. The Company's stock is quoted for trading in the United States of America on the OTC Pink Sheets under the symbol "ARXG.PK," under the symbol "A4G.F" on the Frankfurt Exchange, "A4G.DE" on XETRA and "A4G.BE" on the Berlin-Bremen Stock Exchanges in Germany.

ON BEHALF OF THE BOARD

"Lars Pearl"
Lars Pearl
President, CEO and Director

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains statements that plan for or anticipate the future, called "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of those terms and other comparable terminology.

These forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements about: our market opportunity; revenue generation; our strategies; competition; expected activities and expenditures as we pursue our business plan; the adequacy of our available cash resources; our ability to acquire properties on commercially viable terms; challenges to our title to our properties; operating or technical difficulties in connection with our exploration and development activities; currency fluctuations; fluctuating market prices for precious and base metals; the speculative nature of precious and base metals exploration and development activities; environmental risks and hazards; governmental regulations; and conduct of operations in politically and economically less developed areas of the world.

Many of these contingencies and uncertainties can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to our most recent annual report on Form 10KSB and other filings made by us with the United States Securities and Exchange Commission for more detailed discussions of the contingencies and uncertainties enumerated above and the factors underlying the forward-looking statements. These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities and Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities and Exchange Commission at 1-800-SEC-0330. The U.S. Securities and Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities and Exchange Commission at http://www.sec.gov.

We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

This press release is for informational purposes only and is not and should not be construed as an offer to solicit, buy, or sell any security.

Contact Information

  • For further information, please call:
    Lars Pearl
    Phone: (+41) 7887 96966
    Address: level 1, 10 Baarestrasse, Zug, Switzerland 6400
    Website: http://www.aurora-gold.com