Past year: ▼ 90%(0.00c – 0.10c USD)
Each one in plain English, with the numbers worked through for a shareholder.
17 Mar 2006drilling result● Neutral
Aurora Gold reported rock-chip results from Sao Domingos, with gold up to 42.56 g/t and some samples also carrying copper and silver, and plans more mapping, sampling and airborne surveys ahead of drilling. It also decided not to follow up on the Novo Porto property or exercise its option to acquire it, so that option is being dropped.
17 Mar 2006drilling result▲ Good
Aurora Gold reported first rock-chip sample results from its Santa Isabel property (four gold readings from 7.50 to 24.99 g/t) and Ouro Mil (up to 3.00 g/t gold). It says it is negotiating with drill contractors, with drilling expected to begin in late March 2006. These are early surface samples, not drilling results, and the company has not yet drilled.
15 Feb 2006material agreement● NeutralMajor
Aurora Gold's wholly owned Brazilian subsidiary signed an option agreement on the Sao Domingos gold project in Para, Brazil, and has started early exploration with four target areas outlined. To earn 100% it must make cash payments totalling USD $1,026,000 between January 30, 2006 and December 30, 2008 (the last being USD $675,000), and the vendor keeps a 2.0% royalty that can be bought back for USD $500,000; the company can end the option at any time and owe no further payments.
15 Feb 2006material agreement● NeutralMajor
Aurora Gold's Brazilian subsidiary signed a second option agreement, on the Sao Joao gold project, about 20km west of Sao Domingos, and has started early exploration. To earn 100% it must pay USD $1,435,000 in instalments from April 12, 2006 to September 12, 2009 (the last being USD $1,250,000), with a 1.5% royalty to the vendor that can be bought back for USD $1,000,000; the company can terminate at any time without owing later payments.
