Auris AG appoints Klaus Eckhof as Technical Director ExplorationCategory: Company News
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.
Basel, April 23rd, 2012
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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 indirectly in the U.S., Canada, Japan and Australia, to U.S. citizens or persons resident in the named countries, yet brought in their territory transmitted, or distributed. Persons into whose possession this document comes should inform themselves about possible legal restrictions on the dissemination of such research and comply with them. Any failure to comply with this restriction may constitute a violation of U.S., Japanese, Australian or Canadian securities laws or the laws of another jurisdiction.
- Auris_AG_vom_23.04.2012_Englisch.pdf99 K