DGAP-News: Auris AG appoints Klaus Eckhof as Technical Director Exploration
(firmenpresse) - DGAP-News: AURIS AG / Key word(s): Miscellaneous/Miscellaneous
Auris AG appoints Klaus Eckhof as Technical Director Exploration
23.04.2012 / 14:18
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AURIS AG
ISIN: CH0112933400, WKN: A1CYLE
News 1/2012 of April 23rd, 2012
Auris AG appoints Klaus Eckhof as Technical Director Exploration
Auris AG, through its 100% owned subsidiary Auris Congo S.P.R.L., is
currently exploring the well known Pangoy project in the world famous gold
belt in Eastern Congo (DRC) on a licence area of around 3.250 qkm = 325.000
ha . Auris AG has 30 million shares outstanding. They are traded on the
Open Market of Frankfurt Stock Exchange (ISIN: CH0112933400; WKN: A1CYLE).
The Board of Auris AG is pleased to announce that the renowned geologist,
Mr. Klaus Eckhof, has been appointed head of exploration. This is an
important step in the company's strategy, as Mr. Eckhof has first-class
knowledge of the East Congo region. His scientific research of the region's
geology had as a result, that this area was recognised as a continuous gold
belt. Based on this, he developed this project in his capacity as chief
technical director of Moto Goldmines Ltd. into the feasibility study stage.
Moto Goldmines Ltd. owned 60% of the Moto-Project and has been taken over
in 2009 by Randgold Resources Ltd. and Anglogold Ashanti Ltd. for US$ 500
million, in a time, when the gold price was just US$ 900 per ounce. The
take over price gave the project a total valuation of US$ 833 million.
Meanwhile, a run began for the remaining licences in this gold belt. The
big gold producers are represented as well as smaller companies.
The many years of exploration experience of Mr. Exckhof and his excellent
knowledge of this gold belt are now at disposal for Auris AG. Under his
guidance the experienced geologist, Maurits van den Berg, is heading an
80-strong team at the on-site exploration. We will be reporting about the
progress.
The Board
Basel, April 23rd, 2012
Disclaimer: This press release contains statements that plan for or
anticipate the future, called 'forward-looking statements.' In some cases,
you can identify forward-looking statements by terminology such as 'may,'
'will,' 'should,' 'could,' 'expects,' 'plans,' 'intends,' 'anticipates,'
'believes,' 'estimates,' 'predicts,' 'potential' or 'continue' or the
negative of those terms and other comparable terminology. These
forward-looking statements appear in a number of places in this press
release and include, but are not limited to, statements about: our market
opportunity; revenue generation; our strategies; competition; expected
activities and expenditures as we pursue our business plan; the adequacy of
our available cash resources; our ability to acquire properties on
commercially viable terms; challenges to our title to our properties;
operating or technical difficulties in connection with our exploration and
development activities; currency fluctuations; fluctuating market prices
for precious and base metals; the speculative nature of precious and base
metals exploration and development activities; environmental risks and
hazards; governmental regulations; and conduct of operations in politically
and economically less developed areas of the world. Many of these
contingencies and uncertainties can affect our actual results and could
cause actual results to differ materially from those expressed or implied
in any forward-looking statements made by, or on behalf of, us.
Forward-looking statements are not guarantees of future performance. All of
the forward-looking statements made in this press release are qualified by
these cautionary statements. We disclaim any intention or obligation to
update or revise any forward-looking statements whether as a result of new
information, future events or otherwise, except to the extent required by
applicable laws. This press release is for informational purposes only and
is not and should not be construed as an offer to solicit, buy, or sell any
security. The content of this press release may not be accessed directly or
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Australian or Canadian securities laws or the laws of another jurisdiction.
End of Corporate News
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166089 23.04.2012
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