Aurora drilling adding to resources (November 05, 2007)

Drilling by Guyana Goldfields (GUY-T) and Aranka Gold (ARK-V) at the Aurora gold project in north-central Guyana has indicated extensions beyond the recently calculated resources on the Rory’s Knoll and Aleck Hill zones.

Two step-out holes on Rory’s Knoll intersected multiple zones of mineralization on the northern and western edges of the mineralized body. Hole RKD-70, on the northern edge, intersected 144 metres grading 2.3 grams gold per tonne, including a higher-grade interval of 14 metres at 7.4 grams per tonne. Another intersection, nearer surface, cut 9 metres averaging 15.7 grams per tonne.

Hole RKD-75, on the western edge, cut 27 metres of 7.3 grams gold per tonne and 68 metres at 2.1 grams.

Two infill holes confirmed grades in the resource envelope.

On the Aleck Hill zone, three holes tested targets at depth below the known resource. One intersected four zones, ranging from 1.5 to 4.2 metres in core length; gold grades were mainly at 1 to 2 grams per tonne, but one 4-metre intersection ran 8.7 grams per tonne. In two other holes, zones of 3 to 11 metres graded in the 0.5-gram to 2.7-gram range, and a narrow intersection (0.8 metres) averaged 14.9 grams per tonne.

A resource estimate earlier this month showed 11.7 million tonnes, indicated, grading 3.4 grams gold per tonne on Rory’s Knoll, with another 20.2 million tonnes inferred at 3.5 grams per tonne. Aleck Hill had an indicated resource of 5.3 million tonnes at 3.6 grams per tonne, plus 1.6 million tonnes inferred at 2.1 grams per tonne. A third zone, East Walcott, has an inferred resource of 1.5 million tonnes grading 3.8 grams gold per tonne.

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