Aurora lifts gold reserves

Fri, 15 Aug 1997 | Source: REUTERS

PERTH (Reuter): Aurora Gold Ltd. said yesterday it had increased gold and silver reserves at its Toka Tindung project in North Sulawesi, Indonesia, by about 50 percent to 612,000 gold equivalent ounces.

Total estimated proven and probable ore reserves are now 4.74 million tonnes grading 3.9 grams per ton (g/t) gold and 11 g/t silver, Aurora said.

A decision over whether to develop the prospect will be made following the completion of a feasibility study at the end of September, Aurora said.

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