AuRo Appoints John Buckle as President & COO, Director
June 04 2012 - 8:33AM
Marketwired Canada
AuRo Resources Corp. (TSX VENTURE:ARU)(FRANKFURT:NXP3) is pleased to announce
the appointment of John Buckle, P. Geo., P. Geoph., as President and Chief
Operating Officer, and a Director. During Mr. Buckle's 40 year career he has
participated in major discoveries throughout North and South America, with both
majors and junior mining companies. Mr. Buckle's most recent discovery was the
rich El Domo polymetallic deposit where he targeted the discovery drill holes.
El Domo is Ecuador's largest VHMS deposit and still growing. Mr. Buckle has been
President of the Canadian Exploration Geophysical Society, and President of the
Association of Professional Geoscientists of Ontario from 2003-2004. For further
information on Mr. Buckle's background, please see AuRo's April 19, 2012 news
release
(http://www.auroresources.com/s/NewsReleases.asp?ReportID=519804&_Type=News-Releases&_Title=AuRo-Appoints-John-Buckle-as-Vice-President-of-Exploration).
It is a logical transition at this stage of the Company's evolution to have a
member of management with exploration expertise driving our projects to the
advanced exploration and discovery stage. AuRo has assembled an attractive,
large portfolio of properties in Colombia's richest gold camps including in
Tolima host to AngloGold Ashanti's world class La Colosa deposit.
With reported resources of approximately 24.2 million ounces, La Colosa is by
far Colombia's largest gold discovery and is the 7th largest undeveloped gold
deposit in the world. The Anaima-Toche area, near the La Colosa project, is one
of AngloGold's top 3 greenfield exploration projects worldwide. Auro also has
one of the largest land positions in Colombia's Cal-Vetas-Surata mining
districts, home to the multimillion ounce Angostura and La Bodega gold deposits
owned respectively by Greystar, now Eco Oro Minerals and Ventana Gold (acquired
by EBX Group). AuRo intends to enter into partnerships with select mining
exploration companies to advance its highly prospective properties.
Mr. Buckle will be based in AuRo's office in Bucaramanga, Colombia where he has
already assembled a talented geological team. Given his extensive experience
managing Latin American projects we are confident that he will be able to add to
his long list of discovery successes. As President and COO, Mr. Buckle will be
best positioned to take early advantage of the many opportunities in Colombia
and navigate the Company through the country's socio-political landscape.
AuRo Resources CEO Mark Lawson comments, "We are excited to have John dually
leading our exploration in Colombia and more integrated within the operations of
the Company. This move is congruent with our previously stated strategy to
continue to expand our board and management team."
AuRo Resources President John Buckle states, "I'm delighted to take a greater
role with AuRo given our enviable land position in Colombia's most prolific gold
districts. Our objectives include advancing our key projects to the drill stage,
and finding partners to unlock the value of our properties."
In conjunction with this appointment, John Buckle will be granted a total of
1,000,000 incentive options, 250,000 will vest immediately, and the remainder
will vest every 4 months. This appointment is subject to TSX Venture Exchange
approval.
About AuRo Resources Corp.
AuRo Resources is a mineral exploration company with major land positions in
Colombia's leading gold camps. The Company holds property interests in three of
the country's most prolific gold regions in Antioquia, Tolima-Quindio, and
Santander-Norte de Santander. AuRo shares trade on the TSX Venture Exchange
under the symbol ARU. For further information please visit
www.auroresources.com.
ON BEHALF OF THE BOARD
Mark Lawson, CEO
Aurania Resources (TSXV:ARU)
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