I have posted the below ARU.v news releases after it's discovery on March 22, 2006.
Look at how similar these numbers are to those of GRG.v and GRG.v has a much much
smaller float then that of ARU.v at the time. Keep in mind gold was also trading at $500/oz
and not $1,000 an ounce. GRG.v is way undervalued at current prices and probably offers
a once in a life time chance for thopse who missed out on ARU.v.
April 7, 2006
Aurelian Resources arranged a bought deal private placement to raise Can$10 million for advancement of its mineral projects, and for general corporate purposes. Dundee Securities Corp. and Canaccord Capital Inc. agreed to purchase 3.64 million common shares at a price of $2.75 per share. The underwriters also have an option to increase the size of the financing by up to 3.64 million common shares raising a total of the placement to Can$20 million. The financing is scheduled to close on or about April 27, 2006.
April 5, 2006
Aurelian Resources has announced drill results from four of six holes completed at the FDN blind epithermal gold-silver discovery at its wholly-owned Condor Project in southeastern Ecuador. Highlights include a 237.25m intercept grading 4.14 g/t Au uncut (2.89 g/t with top cut of 31.1 g/t) in hole CP-06-51 and a 60.25m intercept grading 3.42 g/t Au in hole CP-06-52. Assay results are pending for the latest two drill holes to be completed (CP-06-53 and 54). Drilling is continuing along strike and down dip to confirm the grade, widths and orientation of the mineralization.
March 22, 2006
Aurelian reported copper-gold intersections at the Camp porphyry during an exploration drilling program in January at its Condor project in southeastern Ecuador. Highlights include 116.0m at 0.35% Cu, 0.09g/t Au from 185.40m in hole 06-47; and 57.35m at 0.29% Cu, 0.04g/t Au from 241.0m in hole 05-46. Both holes intersected copper-porphyry stockwork, with both the intensity of the mineralization and the copper and gold grades steadily increasing down the hole. The Camp copper-gold-porphyry target is currently defined by an 800m by 500m intense magnetic anomaly that is open to the west.