ASSESSMENT OF A CANADIAN EXPLORATION COMPANY
Assessment by David I Groves, 2012 Using Corporate Slide Presentation, February 2012
AURO RESOURCES CORP (ARU)
• Management have extensive collective experience in the business and exploration/mining sectors, with specific expertise in Columbia
• Technical advisors are well qualified with extensive experience in South America
• Company has had expertise provided by the geological team that discovered the giant La Colosa deposit
• They have sufficient budget to carry out proposed exploration, including First-Phase drilling in 2012
ASSESSMENT OF MANAGEMENT AND TECHNICAL TEAM
COLOMBIA AS A GREAT GOLD DESTINATION
From NewGenGold Presentation by Richard Schodde of MinEx Consulting Pty Ltd
• Within Santander-Norte de Santander prolific gold region• Surata Gold Project is largest contiguous land package in the
California-Vetas world-class gold district• Surata property includes extensions of fault zones that
control gold deposits at California and Vetas• Some parts of property have similar geology and fertile
porphyries• Arboledas Project has artisinal workings in tenement• All prospects in an early phase of exploration
AURO RESOURCES TENEMENTS: SURA GOLD CAMP
• Large land position in Antioquia Gold District• 20 km from the Gramalote 2.4Moz deposit• Numerous artisinal workings in intrusion-
hosted stockworks-orogenic gold deposits?• Strong gold-in-soil geochemical anomalies
similar to those at Gramalote• Exploration still at an early stage
AURO RESOURCES TENEMENTS: EL TESORO PROJECT
• Large land position in an emerging porphyry Au-Cu district
• 5-20km from AngloGoldAshanti giant gold discovery
• Strong gold-in-soil geochemical anomalies, some continuous with La Colosa
• Exploration still at an early stage
AURO RESOURCES TENEMENTS: LA COLOSA WEST
• Auro Resources has an experienced management and technical team• It’s projects are in one of the “hot” gold provinces• It has one of the most extensive land positions in known world-class
gold provinces/districts for any junior company I have reviewed• There are indications from geological and geochemical data and the
presence of artisanal workings that there are robust gold targets on the properties
• Exploration is at an early stage in three highly prospective gold provinces, so a more comprehensive assessment is not possible at this stage
SUMMARY
• Large land position in Antioquia Gold District• 20 km from the Gramalote 2.4Moz deposit• Numerous artisinal workings in intrusion-
hosted stockworks-orogenic gold deposits?• Strong gold-in-soil geochemical anomalies
similar to those at Gramalote• Exploration still at an early stage
AURO RESOURCES TENEMENTS: EL TESORO PROJECT
• Large land position in an emerging porphyry Au-Cu district
• 5-20km from AngloGoldAshanti giant gold discovery
• Strong gold-in-soil geochemical anomalies, some continuous with La Colosa
• Exploration still at an early stage
AURO RESOURCES TENEMENTS: LA COLOSA WEST
• Auro Resources has an experienced management and technical team• It’s projects are in one of the “hot” gold provinces• It has one of the most extensive land positions in known world-class
gold provinces/districts for any junior company I have reviewed• There are indications from geological and geochemical data and the
presence of artisanal workings that there are robust gold targets on the properties
• Exploration is at an early stage in three highly prospective gold provinces, so a more comprehensive assessment is not possible at this stage
SUMMARY