Aurelian Files Second Quarter Financials and MD&A
posted on
Aug 14, 2008 06:44AM
The company whose shareholders were better than its management
AURELIAN RESOURCES INC.
Trading Symbol TSX:ARU
NEWS RELEASE
August 13, 2008
For immediate release
TORONTO, ON – Aurelian Resources Inc. (TSX:ARU) has filed its Financial Statements and Management’s Discussion & Analysis for the three months ended June 30, 2008. This information will be available at www.sedar.com.
"While field exploration and development activities were suspended for most of the second quarter in compliance with the Mining Mandate, we have been able to make some technical progress on FDN development design and testwork, as shown by our second round of metallurgical results," says Patrick F.N. Anderson, President and CEO. "We are awaiting results from shareholder tendering to the friendly Kinross takeover offer, which expires on September 3, 2008. The Board of Directors has determined that the offer is in the best interests of Aurelian and our shareholders and unanimously recommended that shareholders accept the offer and deposit their shares."
Q2 2008 and Subsequent Period Summary:
This Press Release is available as an Acrobat PDF document from the following link:
http://aurelian.ca/dynamic/press/pr-...
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, located in south-eastern Ecuador. 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 (Report titled “A Mineral Resource Estimate for the Fruta del Norte Deposit, Cordillera del Condor Project, Zamora-Chinchipe Province, Ecuador” and dated November 15, 2007 filed on www.sedar.com). Visit www.aurelian.ca for more information.
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding future political events, potential mineralisation, metallurgy and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk and may not be within the control of the Company. 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, the uncertainty of access to additional capital, and political risks in Ecuador.
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Keith McKay, Chief Financial Officer
Phone: (416) 868-9100
kmckay@aurelian.ca