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Corporate profile

Aurigin is a private company incorporated in the Province of Ontario, Canada. The company’s focus is on the exploration and development of gold properties in relatively underexplored districts in western Ethiopia and north-eastern Tanzania with rich prospects. Both Ethiopia and Tanzania are low risk environments with emerging economies and established regulatory frameworks encouraging foreign investment.

Aurigin holds licenses totalling 402km2 in western Ethiopia with known gold deposits. Exploration to date confirms significant gold bearing structures in at least 4 main prospects.  This large scale exploration area provides Aurigin with low risk targets as well as the potential for multiple new discoveries.

In Tanzania, Aurigin owns a 92% stake in two contiguous tenements in the Handeni region - Kwadijava and Negero - which total an area of approximately 200km2. Mineral deposits in these areas have been historically verified by the drilling results of neighbouring gold exploration companies, and continue to be verified by the presence of artisanal miners. Local geology and known gold occurrences exposed by artisanal diggers suggest that the mineralization is controlled by regional structures, typically shear zones.

Having acquired these properties in January 2010, the company has applied modern exploration techniques in order to prove resources. Current exploration results confirm gold-bearing structures and significant prospects in the license areas.

Each member of Aurigin’s management team has extensive experience in mineral exploration and development in Africa. Former employers include BHP Billiton, AngloGold Ashanti, De Beers and Petra Diamonds.

  • Aurigin is preparing to build on the high quality existing license base via exploration and future acquisitions in the medium and long term
     
  • The company will seek to become a producer of gold in the medium term through developing exploration assets through to production and/or acquiring and developing near-production assets on an opportunistic basis