Barron Steps Down
posted on
Apr 07, 2008 05:04AM
The company whose shareholders were better than its management
Breaking News
08:50 EDT Monday, April 07, 2008
TORONTO, ONTARIO--(Marketwire - April 7, 2008) - Aurelian Resources Inc. (TSX:ARU) today announced that Dr. Keith Barron has stepped down from the company's Board of Directors. Aurelian previously announced the addition of two new board members effective March 31, 2008.
"As many shareholders are aware, Aurelian began as the dream of Patrick Anderson and myself in December, 2000, when we decided to mount an expedition to the hinterland of Ecuador in search of exploration opportunities," says Dr. Barron. "At the time, the gold price was around $250/oz, we had limited personal resources, and many of our friends and family were rightly sceptical that two geologists would ever be successful, even more so of my personal belief that gold would eventually climb back to historic highs, and Ecuador would yield a world-class deposit. I admit we were sceptical too, but we were determined. Gradually, as the Aurelian story unfolded we were able to secure some excellent exploration ground, as well as an even more excellent exploration staff; both have been key to success. Many good explorationists have cycled through our project since inception and all have left significant contributions. Our knowledge base has grown tremendously."
Dr. Barron concluded, "Now we are at a juncture where the mining engineers, geo-statisticians, hydrologists, and an army of technicians take over to transform the Fruta del Norte deposit into a producing world-class gold-silver mine and make Ecuadorian history. It is normal in the course of evolution of a successful junior company for exploration to eventually yield the torch to development; most juniors never get the chance and I feel privileged and blessed. I will be most keenly following the progress of Aurelian and wish to thank the staff in Canada and Ecuador, my fellow directors, the analysts who have followed our progress, and most of all the shareholders who have supported the company and shared in its success."
"We're very appreciative of Keith's contributions to Aurelian. As a co-founder of the company, he recognized the tremendous potential of southeastern Ecuador, the area that hosts our FDN gold-silver deposit, and has continued to contribute as a board member," says Bill Fisher, Chairman. "We wish him all the best in his future endeavours."
About Aurelian
Aurelian Resources Inc. is a publicly-listed (TSX:ARU) company engaged in exploring, discovering and developing mineral wealth in Ecuador. The Fruta del Norte (FDN) discovery lies at the heart of the Condor Project properties, located in south-eastern Ecuador and consisting of 38 mining concessions totalling approximately 95,000 hectares. The initial Inferred Resource for FDN was released in October 2007 and included 58.9 million tonnes grading 7.23 g/t gold and 11.8 g/t silver for 13.7 million ounces of contained gold and 22.4 million ounces of contained silver. Aurelian is committed to working with the government and people of Ecuador to achieve a modern, sustainable mining industry, which will play an important role in the future growth of the country. Visit www.aurelian.ca for more information.
Forward Looking Statement
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralisation and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.
FOR FURTHER INFORMATION PLEASE CONTACT:
Aurelian Resources Inc.
Marla Gale
Investor Relations
(416) 868-9100
Email: mgale@aurelian.ca
Marketwire 07/04/08 at 9:00 AM
Marketwire 07/04/08 at 9:00 AM
Marketwire 07/04/08 at 9:00 AM
Marketwire 07/04/08 at 9:00 AM
Marketwire 07/04/08 at 9:00 AM