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Aurogin Completes Detailed Engineering and Commences Construction at El Sastre
4/11/2006
TORONTO, ONTARIO, Apr 11, 2006 (CCNMatthews via COMTEX News Network) --
Aurogin Resources Ltd. (TSX VENTURE:AUQ) ("Aurogin" or "the Company") is pleased to announce it has completed detailed engineering and commenced heap-leach pad construction at its El Sastre Main Zone in Guatemala, one of four mineralized gold zones on Aurogin's El Sastre Project located 30 kilometres northeast of Guatemala City.
Aurogin's El Sastre Main Zone is a high-grade, near-surface oxide gold deposit. The Company is constructing a heap-leach pad and metallurgical plant designed to bring the deposit into commercial production while confirming project design parameters. Phase 1 plans for the El Sastre Main Zone involve ramping up production levels to an initial rate of approximately 20,000 ounces of gold per year. Environmental permits are in place and Aurogin anticipates that construction will be completed in the third quarter of 2006, with the first gold pour slated for the fourth quarter of 2006.
Gold resources at the El Sastre Main Zone currently stand at 49,251 ounces of indicated resource (370,000 tonnes at 4.14 grams of gold per tonne (g/t Au)), and 117,265 ounces of inferred resource (1,165,000 tonnes at 3.13 g/t Au). In addition, Aurogin has defined 518,000 ounces of inferred resource (13,000,000 tonnes at 1.25 g/t Au) at its Lupita Zone, located 600 metres west of the El Sastre Main Zone. Coincident with its production plans, the Company is advancing exploration plans intended to expand the resources at both of these zones as well as across the entire El Sastre Project, which management believes has the potential to produce more than one million ounces of gold.
"Bringing the El Sastre Main Zone into production by 2006 demonstrates our commitment to convert Aurogin's growing gold resources into producing assets. In addition, we are fulfilling our earn-in agreement with our Guatemalan partners," stated John Paterson, President and CEO.
Aurogin Resources Ltd. is an emerging gold producer focused on the acquisition and development of profitable gold deposits in the Americas. The Company currently has two core projects: The El Sastre Project in Guatemala, an expanding resource that includes four zones, which management believes comprise more than one million ounces of gold potential; and, the Lone Mountain Project in Nevada located on the prolific Battle Mountain-Cortez Gold Trend, which has produced some 23 million ounces of gold over the past 30 years, making it the second most productive belt in the state after the Carlin District.
Aurogin Resources Ltd. Listed: AUQ: TSX-V
Issued: 44,645,721 common shares
SOURCE: Aurogin Resources Ltd.
Aurogin Resources Ltd. John H. Paterson, P.Eng. President (416) 214-4809 Aurogin Resources Ltd. Greg Taylor V.P. Investor Relations (416) 605-5120 info@auroginresources.com www.auroginresources.com
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