Aurelian Files 43-101 Initial Inferred Resource Report
posted on
Nov 19, 2007 04:50AM
The company whose shareholders were better than its management
TORONTO, ONTARIO--(Marketwire - Nov. 19, 2007) - Aurelian Resources Inc. (TSX:ARU) today announced that the complete Technical Report on the previously announced National Instrument 43-101-compliant initial inferred resource for the Fruta del Norte gold-silver deposit has been filed on SEDAR and is also available on Aurelian's web site www.aurelian.ca. Mr. B. Terrence Hennessey, P.Geo., of Micon, Mr. Richard Gowans, P.Eng., of Micon, Mr. Eugene Puritch, P.Eng., of P&E Mining Consultants Inc. and Mr. Stephen Leary (MAusIMM), Aurelian's Exploration Manager, are the authors of the Technical Report. They are Qualified Persons in accordance with NI 43-101. Messrs. Hennessey, Puritch and Gowans are independent of Aurelian as defined by NI 43-101. About Aurelian Aurelian Resources Inc. is a publicly-listed (TSX:ARU) resource company engaged in the business of exploring, discovering and developing mineral wealth in Ecuador. The Fruta del Norte (FDN) discovery lies at the heart of the Condor Project properties, located in south-eastern Ecuador and consisting of 38 mining concessions totalling approximately 95,000 hectares. The initial inferred resource for FDN was released in October 2007 and included 58.9 million tonnes grading 7.23 g/t gold and 11.8 g/t silver for 13.7 million ounces of contained gold and 22.4 million ounces of contained silver. Aurelian is committed to working with the government and people of Ecuador to achieve a modern, sustainable mining industry, which will play an important role in the future growth of the country. Visit www.aurelian.ca for more information. Forward Looking Statement Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralisation and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. FOR FURTHER INFORMATION PLEASE CONTACT: Aurelian Resources Inc. Marla Gale Investor Relations (416) 868-9100 Email: mgale@aurelian.ca Website: www.aurelian.ca |