Aura Silver Resources Inc. (TSX-V:AUU) (“Aura Silver” or the “Company”) announces that as a result of a review by staff of the Ontario Securities Commission, the Company is issuing this news release regarding our disclosure on the Taviche Project, Mexico and the filing of certain amendments to the Company’s National Instrument 43-101 technical report entitled Taviche Project, Resource Estimate & Preliminary Economic Assessment for the Higo Blanco Project, Oaxaca, Mexico (the “NI 43-101 Report”) dated September 28, 2011 and prepared by Geoffrey S. Carter, an independent qualified person under NI 43-101. The NI 43-101 Report was originally filed on SEDAR on November 16, 2011.
The NI 43-101 Report has been amended as of September 5, 2013 (the “Amended NI 43-101 Report”) to include the following: (i) disclosure of the cut-off grades utilized in the inferred mineral resource estimates of 30.77 g/t for silver and 0.33 g/t for gold. There is no change in the previously disclosed inferred mineral resource estimates for silver and gold; and (ii) the summary section of the NI 43-101 Report has been amended to include a summary of the significant assumptions and results of the preliminary economic assessment which were contained in section 22.0 Economic Analysis of the NI 43-101 Report and were also previously disclosed by the Company in Press Release #11-14 dated October 5, 2011.
The Amended NI 43-101 Report is available under the Company’s profile on SEDAR (www.sedar.com).
Geoffrey S. Carter, P. Eng. of Broad Oak Associates is an independent qualified person (as defined by National Instrument 43-101) and is the author of the Amended NI 43-101 Report and has reviewed and approved the scientific and technical information in this press release.
About Aura Silver
Aura Silver is a TSX Venture listed company engaged in the acquisition, exploration and development of precious metal prospects in Canada (100% owned Greyhound project) and in Oaxaca, Mexico. Aura Silver has 101,680,844 common shares outstanding.
For further information regarding this press release contact: Robert Boaz, President and CEO at (905) 403-8010 or by e-mail at [email protected] Aura Silver’s web site is located at www.aurasilver.com
This press release may contain forward looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business including the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, the private placement financing activities of the Company, plans and references to the Company’s future successes with its business and the economic environment in which the business operates. All such statements are made pursuant to the ‘safe harbour’ provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company’s most recent annual MD&A and the Company’s continuous disclosure documents that can be found on SEDAR at www.sedar.com. Aura Silver does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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