Aurum Mining PLC
06 December 2005
For immediate release 6 December 2005
AURUM MINING PLC
('Aurum' or 'the Company')
Andash Exploration Update: significant extension to Zone 1 indicated
Aurum Mining plc (AIM: AUR), the company formed to acquire gold and other
mineral extraction projects in the Former Soviet Union, is pleased to announce
an update on the exploration programme at its Andash gold and copper project in
the Kyrgyz Republic.
A programme of re-opening, cleaning and extending trenches in Zones 1 and 2 was
completed in November 2005. In addition a new exploration opportunity,
Tokhonysay, within the Andash exploration licence area was identified and
trenched. A total of 1324m of trenching was undertaken with 536 samples sent for
assay.
Trenching at an outcrop location 250m east of Zone 1 intersected 13m of
mineralisation containing gold at 1.2 g/t and copper at 0.5%. The area between
Zone 1 and this outcrop location is covered by overburden. This is an indication
of a significant extension to Zone 1. Further surface work and drilling will be
initiated in January 2006 to confirm this.
Zone 1 obtained Kyrgyz reserve status in August 2005 when the State Commission
of Resources of the Kyrgyz Republic included 21.7 million tonnes of C1 and C2
reserves, containing gold and gold equivalent of more than 1.5 million oz.
Trenching close to Zone 2 intersected 4m of mineralisation containing gold at
13.3 g/t, highlighting the significant potential of the Andash licence area.
This mineralisation indicates an extension of the outcrop zone. Previous
published work mapped the outcrop zone to be about 65m by 135m with average
grades of 0.51 g/t of gold and 0.19% copper.
Trenching at a new exploration opportunity, Tokhonysay, intersected 33m of
mineralisation at an average grade of 1.4 g/t gold and 1.6% copper. This new
area is located 2.4km north-east of Zone 1.
Aurum secured its exploration licence for the Andash gold and copper exploration
project through the acquisition, in January 2005, of Kaldora Company Ltd.
Commenting on the latest exploration results, Mark Jones, Aurum's Chief
Executive, said: 'These new results confirm that we have significant upside
potential on our resource. In particular the extension to Zone 1, which already
has Kyrgyz reserve status, and the finding of a new opportunity in Tokhonysay
will be pleasing to stakeholders. With our consultants Wardell Armstrong
International we have completed the planning of exploration programmes for Zones
2 and 3 and for four new exploration areas. We look forward to this work
starting in the new year.'
For further information please contact:
Aurum Mining Tel: 020 7478 9050
Mark Jones, Chief Executive
WH Ireland Tel: 0121 616 2101
Tim Cofman
Buchanan Communications Tel: 020 7466 5000
Mark Court
Notes for editors
About Aurum Mining
Aurum Mining joined the AIM market of the London Stock Exchange in May 2004 with
the strategy of seeking, evaluating and acquiring gold and other mineral
extraction projects in the Former Soviet Union (FSU). In January 2005 the
Company completed its first acquisition, giving the Company an exploration
licence over a gold and copper project in the Kyrgyz Republic. In its State
Register, the State Commission of Resources of the Kyrgyz Republic has included
21.7 million tonnes of C1 and C2 reserves from the project, amounting to gold
and gold equivalent of more than 1.5 million ozs.
This information is provided by RNS
The company news service from the London Stock Exchange END
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