Aurora Gold (OTCQB:ARXG), a mineral exploration company that at the end of last year held $3.96 million in cash, announced Thursday an update on its activities in the Tapajós Gold Province of Brazil, saying the area for the new field camp has now been secured, with more exploration underway.
Construction of the new complex has been initiated, the company told investors today, and will include accommodation and messing facilities, and sample storage - expected to be completed during the fourth quarter.
More facilities, such as an on-site laboratory and maintenance workshops, are anticipated to be completed in the third quarter, it added.
The company holds claims in a strategic land package of four exploration licenses and two applications covering 16,589 hectares, which are grouped together and referred to as the Săo Domingos project.
Aurora, which is planning to move its listing to the TSX Venture, also announced Thursday the filing for the environmental license - representing the first step toward its trial mining license. The company is planning to test bulk samples and trial oxide, eluvial and alluvial material from various targets, including the previously unidentified Toucano gold occurrence.
The junior explorer said it is preparing to drill test the Toucano gold occurrence with conventional diamond drilling, and expects to sign an agreement with the drilling company shortly.
Meanwhile, an auger drill rig has arrived in Brazil, and is waiting to clear customs before transportation to Sao Domingos, with auger drilling to be used as a follow up in anomalous areas of alluvial and eluvial sampling carried out in the latter half of last year, the company said, as well as in the area of the Toucano target.
A soil geochemistry program is also underway, and will target areas interpreted from mapping and air photography as "potential hosts of economic mineralization", Aurora said. Initial grid lines have already been established, with sampling to begin shortly.
Aurora Gold Corp, with a market cap of $6.25 million, said it is working closely with Haywood Securities to complete its application to migrate to the TSX Venture Exchange. Reported by Proactive Investors 13 hours ago.
Construction of the new complex has been initiated, the company told investors today, and will include accommodation and messing facilities, and sample storage - expected to be completed during the fourth quarter.
More facilities, such as an on-site laboratory and maintenance workshops, are anticipated to be completed in the third quarter, it added.
The company holds claims in a strategic land package of four exploration licenses and two applications covering 16,589 hectares, which are grouped together and referred to as the Săo Domingos project.
Aurora, which is planning to move its listing to the TSX Venture, also announced Thursday the filing for the environmental license - representing the first step toward its trial mining license. The company is planning to test bulk samples and trial oxide, eluvial and alluvial material from various targets, including the previously unidentified Toucano gold occurrence.
The junior explorer said it is preparing to drill test the Toucano gold occurrence with conventional diamond drilling, and expects to sign an agreement with the drilling company shortly.
Meanwhile, an auger drill rig has arrived in Brazil, and is waiting to clear customs before transportation to Sao Domingos, with auger drilling to be used as a follow up in anomalous areas of alluvial and eluvial sampling carried out in the latter half of last year, the company said, as well as in the area of the Toucano target.
A soil geochemistry program is also underway, and will target areas interpreted from mapping and air photography as "potential hosts of economic mineralization", Aurora said. Initial grid lines have already been established, with sampling to begin shortly.
Aurora Gold Corp, with a market cap of $6.25 million, said it is working closely with Haywood Securities to complete its application to migrate to the TSX Venture Exchange. Reported by Proactive Investors 13 hours ago.