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Aurora Gold Corporation Announces Initial analysis results of the drilling on the Front Range Gold Project

Aurora Gold Corporation Announces Initial analysis results of the drilling on the Front Range Gold Project known DJ DGAP-News: Aurora Gold Corporation is first analysis results of the drilling on the Front Range Gold Project Aurora Gold Corp. announced. / Keyword (s): Interim Report

Train, Switzerland. 16. November 2010. Aurora Gold Corporation (WKN 904 846, USA, OTCBB: ARXG), a mineral exploration company focused on exploration and development in the Tapajos Gold Province, State of Pará, and on the Front Range Gold Project in Boulder County, Colorado, USA reported from the latest work in the Front Range Gold Project (‘FRGP’) in Boulder County, Colorado.

The FRGP is about 15 km from the city of Boulder, Colorado, and was removed since the discovery of gold in this district in the mid-1800s years, the center of gold mining. In June 2010, Aurora acquired a 50 -% stake in the Black Cloud Mine, a gravity-flotation plant with a capacity of 50 tons per day and an Operating Agreement of Global Minerals Ltd.. To date have been funded in this area over 180,000 ounces of gold and 400,000 ounces of silver.

In August 2010, Aurora began exploration core drilling on the project area, the courses aim to Mack and St. Joe. It is Aurora’s plan, in 2011, begin production on the FRGP with Mack and St. Joe recorded as a medium-ore resources. The FRGP has a two year’s supply of gold telluride ore and Aurora tries to expand the resource base through drilling, enabling the company to extend the mine life of 5 years and can collect information to facilitate investment decisions on increasing capacity of the project.

Murray Watts Drilling Company Incorporated was responsible for the implementation of resource drilling, until now, BTW core holes were drilled with a total length of 4,400 feet, which were aimed at the gears Mack and St. Joe. The end of drilling is planned depending on the weather in mid to late November, as it is impossible to continue the drilling program on the FRGP with the current drilling rig in the winter.

The samples are analyzed by ALS Laboratories in Reno, Nevada.

Aurora announces the first arrivals of ALS results. The main findings include:

AGCDD0001 20.9 feet with 4.09 g / t Au & 14.53 g / t Ag from 48.8 feet deep. AGCDD0002 no significant results AGCDD0003 8.6 feet with 21.31 g / t Au and 103.61 g / t Ag from 488.1 feet deep. AGCDD0004 10.0 feet with 2.38 g / t Au & 11.81 g / t Ag from 202.2 feet deep. AGCDD0005 1.7 feet with 9.04 g / t Au & 287.0 g / t Ag from 305 feet deep. AGCDD0006 1.7 feet with 2.57 g / t Au & 9.5 g / t Ag from 424.4 feet deep.

According to Aurora, these results are very significant. The company is currently reviewing the data and tabulated the results. Aurora’s president and CEO, Lars Pearl said:

‘Aurora is the excellent results received to date. The drilling is not run very smoothly. Several holes encountered old galleries and the tragic events of forest fires in September delayed the progress and caused minor damage to the equipment. The program’s success is the contribution of all stakeholders. We are confident that the drill results received to date will enable us to extend the mine life of 5 years and give us a good basis will explore the various scenarios with a higher production on the project. ”

It is expected that upon completion of the 2010 drill program quantifies the new information on the mineralization in a NI 43-101 technical report to be included.

Aurora’s common shares are also traded on the stock exchanges in Germany in Stuttgart, Berlin and Bremen under the symbol ‘A4G’.

For further information please contact:

Aurora Gold Corporation Lars Pearl President, CEO & Director C / – Coresco AG, Gotthard road 20, 3rd 6304 stock train, Switzerland Tel (+41) 96 966 7887 http://www.aurora-gold.com

AXINO AG, Investor Relations king street 26 70173 Stuttgart Germany Tel +49 (711) 25 35 92-30 Fax +49 (711) 25 35 92-33 http://www.axino.de/

AMUN very interesting player in the gold market

Westerburg (aktiencheck.de AG) – Analyst Henning Wagener of AC Research reiterates the speculative investors in their initial assessment to buy the shares of AMUN precious metals trading business.

AMUN precious metal trading post was established in 2003. While the company has recently specialized in the field of management service, the company after a successful restructuring has now repositioned as a pure commodity buyers and trading company specializing in the gold trade in the market. The raw gold are supported by businesses in the usually purchased directly and locally in the respective mining areas in Africa. This strategy could have the key advantage that AMUN handle it the middleman completely and therefore acquire the gold at relatively reasonable prices (about 700 U.S. dollars per ounce). Since AMUN pay for the raw gold is usually in cash, the company is a highly reliable partner for African miners. In addition, the locals were treated in the gold rush towns of Amun to European principles. In this context, the company had already done several times development aid.

After purchasing the Gold in the United Arab Emirates / Dubai are supplied. The operator may ask refineries a price premium of up to 50% on the paid raw gold price demand and thereby to secure its profit margin. The most important trade partner is the sales Lamasat Jewellery Trading LLC. This will get the raw gold refined and then either in the international wholesale or become locally processed into finished products for the jewelry industry. Another important trade partner of Amun was the African Mibaco. Here, if it were some trading posts in key African sites over which the trade would be made. The customers of Amun could be located, ensuring that the resources offered would not come from conflict zones, and thus less “ethically acceptable” are.

In the first quarter of fiscal year 2010/2011 have AMUN be able to generate sales revenues of 0.193 million euros a surplus of 0.111 million euros or 0.30 euros per share. The company planned to increase by a considerable expansion of Rohgoldhandels revenues of 3.1 million euros in the 2010/2011 financial year until the fiscal year 2014/2015 to 23.4 million €. In the same period was to increase the projected net income of 1.02 million euros to 4.43 million euros. In addition, the company will likely enter 2011 in the trade in rough diamonds.

Analysts had valued the shares of AMUN precious metal trading business based on projected figures provided by the company with a return value model. Here we have identified a fair enterprise value of approximately 22.5 million euros. As the Company had outstanding two convertible bonds, which are expected would be exchanged for in stock, the number of shares will still increase to 0.832 million. Thus, a fair value per share is clear from € 27.08. As the company but only at its beginning to its operating performance, stand, and the further course of business is therefore still subject to higher risks, keep it at a discount of 25% to this value is appropriate and put therefore establishes the 12-month price target to 20 euros. At the same time AMUN precious metal trading business stock on Friday was trading at 10.50 euros.

The analyst says look in the stock of precious metals trading business AMUN a very interesting, but clearly speculative investment opportunity.