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Aurania Resources Ltd V.ARU

Alternate Symbol(s):  AUIAF | V.ARU.WT.B | AUIWF

Aurania Resources Ltd. is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities - Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes Mountain range of southeastern Ecuador. It holds 100% of the Lost Cities - Cutucu project that covers approximately 208,000 hectares (ha) in southeastern Ecuador. It has also applied for mineral concessions in adjacent northern Peru, and for an exploration license in the Brittany Peninsula of northwestern France. Epithermal targets for Gold-Silver include Kuri-Yawi, Tatasham and Kuripan. Intrusive-related copper targets include Tatasham and Awacha. It has discovered a 15-kilometer-long trend in which silver-zinc-lead-barium occurs in the Shimpia target area, which is enclosed by the various Tiria epithermal gold-silver targets.


TSXV:ARU - Post by User

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Post by advice4U2on Dec 03, 2006 12:00am
227 Views
Post# 11796672

Rusoro

RusoroChased away by Chavez's mining rules? ---- RUSORO MINING TO ACQUIRE MENA RESOURCES & 100% OF VENEZUELA PROJECTS November 28, 2006 Vancouver, Canada – Rusoro Mining Ltd. (“Rusoro”) and Mena Resources Inc. (“Mena”) are pleased to announce that Rusoro will acquire (the “Acquisition”) all of the issued and outstanding securities of Mena. The shares of both companies are listed on the TSX Venture Exchange. The companies currently hold jointly the Increible 6 and Valle Hondo Projects in Venezuela (Rusoro 76%; Mena 24%). As a result of the Acquisition, Rusoro will own 100% of these projects as well as 100% in Mena's Trinidad and Zulo projects in Venezuela, thus strengthening its position in its main region of focus. Mena also has mineral properties in North, Central and South America, including the Minoro Project in Honduras; the Vaquillas Project in Chile, a portion of which is optioned to Teck Cominco, and the Mike Lake Project in Yukon, Canada which is optioned to Dynamite Resources Ltd. Mena has 21,129,134 shares outstanding, and Rusoro will issue to the Mena shareholders one share of Rusoro for every 1.7 Mena shares held, resulting in the issuance by Rusoro of approximately 12,428,902 shares. All outstanding options and warrants in Mena will be converted to options and warrants to purchase Rusoro shares, at the same ratio. The Acquisition is subject to regulatory and other approvals on behalf of both companies. There will be no change of control or management of Rusoro. The completion of the Acquisition will result in a stronger single company in terms of gold ounces and advanced projects comprising a significant position in the major mining districts in Bolivar State, Venezuela. Rusoro will have NI43-101 resources which total 1.03 million ounces indicated oz Au (9.1 million tonnes @ 3.5 g/t Au) and 3.02 million inferred oz Au (59.0 million tonnes @ 1.6 g/t Au) (see Rusoro news release dated November 9, 2006 for details). The combining of the assets and the expertise of Rusoro’s management both in Venezuela and in the financial markets will be of significant benefit to the shareholders of both companies. ON BEHALF OF THE BOARD ON BEHALF OF THE BOARD OF RUSORO MINING LTD. OF MENA RESOURCES INC. “Mario Szotlender” “Simon Ridgway” Mario Szotlender, President Simon Ridgway, Director CONTACT INFORMATION Ross Gatensbury Tel: 604-682-1545 Fax: 604-682-1514 Toll Free: 1-800-668-0091 830 – 355 Burrard Street Vancouver, BC V6C 2G8 Email: info@rusoro.com Email: info@menaresources.com Website: www.rusoro.com Website: www.menaresources.com The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.
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