Press Releases

Aurora resumes drilling on Sudbury projects

See News Release (C-ARP) Aurora Platinum Corp

Mr. Daniel Innes reports

AURORA PLATINUM CORP. EXPLORATION UPDATE DRILLING RESUMES ON ITS SUDBURY, ONTARIO PROJECTS, AND COMMENCES ON ITS TEMISCAMINGUE, QUEBEC PROJECT

Aurora Platinum Corp. has resumed drilling on its Sudbury projects and a new drill program will be initiated on its Temiscamingue joint venture project with Fieldex Exploration Ltd.

On Jan. 10, 2005, drilling resumed on hole OF-02, a Foy joint venture (Aurora 60 per cent/Falconbridge 40 per cent) hole targeting a 250-metre-by-300-metre conductor modelled from a previously run borehole UTEM 4 (electromagnetic) survey (drill hole OF-01). The conductor is at a vertical depth of 880 metres and is interpreted to lie along the hanging wall of the Foy offset dike in the vicinity of a modelled flexure in the dike. This target is located 900 metres east and down plunge of the near-surface NI-15 intersection (see news release in Stockwatch dated Feb. 12, 2003) that reported an intersection of massive sulphide from surface to 17.87 metres grading 1.69 per cent nickel, 0.43 per cent copper, 0.07 per cent cobalt, 0.23 gram per tonne gold, 0.64 gram per tonne platinum and 0.88 gram per tonne palladium, and included a 6.02-metre higher-grade zone from 9.65 metres to 15.67 metres that gave a weighted average grade of 4.38 per cent nickel, 0.93 per cent copper, 0.16 per cent cobalt, 0.55 gram per tonne gold, 1.27 grams per tonne platinum and 1.75 grams per tonne palladium. Drilling along this corridor has resulted in several significant sulphide intersections rich in nickel, copper, platinum and palladium (see news releases in Stockwatch dated May 3, 2004, June 14, 2004, and Sept. 14, 2004). Geophysical results and drilling to date indicate that the sulphides represent a pipe-like or subvertical, ribbon-like body exhibiting a moderately steep westerly plunge. This phase of drilling will consist of three holes (totalling 4,000 metres) and will focus on exploring the mineralized corridor down plunge to the west. Geophysical electromagnetic (UTEM-4) surveys have been completed on all existing boreholes with subsequent modelling of the results in progress.

Within the Nickel Lake joint venture (Aurora/Inco Ltd.) previously drilled boreholes NI-20, NI-21, NI-22, NI-25 and NI-25-A have established the presence and continuity of the Nickel Lake zone, a 100-metre-long conductive and sulphide mineralized zone that extends in excess of 435 metres in depth along the hanging wall of the offset dike. The latest borehole, NI-24-A, a wedge hole drilled off NI-24, was drilled to test the projected western down plunge extension of the Nickel Lake zone. The hole intersected a 26.55-metre section (776.30 metres to 802.85 metres) containing approximately 10 per cent to 15 per cent sulphide mineralization, of which a 4.98-metre section returned grades of 0.62 per cent copper and 0.81 per cent nickel. A borehole UTEM-4 electromagnetic geophysical survey has been completed and preliminary modelling indicates that the drill hole intersected the upper portion of a strong channel 1 conductor.

In a news release in Stockwatch dated April 7, 2004, new high-grade copper-nickel-gold-silver-platinum group mineralization (Cu-Ni-Au-Ag-PGM) mineralization was reported from the Crazy Creek zone, located within the offset dike approximately four kilometres west of the Nickel Lake zone. In July, 2004, the company completed 15 line kilometres of surface induced polarization (IP) to help identify additional Crazy Creek-type targets and to further delineate known mineralization along strike. Processing of the geophysical data has been completed and drill targets defined.

A deep penetrating surface electromagnetic survey within the lower Foy joint venture ground (Aurora 60 per cent/Falconbridge 40 per cent) is currently in progress and should be finished by the end of January. This ground covers an unexplored part of the Sudbury igneous complex (SIC) contact just west of Falconbridge's Roland Lake deposit, as well as a highly prospective and distinctive protuberance of SIC norite that extends over 200 metres into the footwall and is associated with zones of well-defined late granite breccia and Sudbury breccia. Both the late granite breccia and Sudbury breccia are favoured host rocks for footwall mineralization. Recent mapping in the area has resulted in the discovery of several new sulphide showings within the norite protuberance. A winter drill program will target conductive zones, as determined from the geophysical survey, as well as provide borehole geophysical platforms to test the SIC contact and norite protuberance at depth.

Drilling has also commenced on Aurora's 100-per-cent-owned North Range project. Throughout 2004, the company carried out extensive prospecting and mapping activities within its extensive North Range claim group, located a few kilometres north of the SIC. Work focused on identifying areas most prospective for hosting typical Sudbury footwall-style copper, platinum, palladium and gold (Cu-Pt-Pd-Au) mineralization hosted by Sudbury breccia belts developed within footwall rocks. Recent footwall-style discoveries by Wallbridge Mining Company on ground adjacent to Aurora's have confirmed the area's potential for hosting this type of mineralization. Initial drill targets will consist of ground electromagnetic anomalies in association with favourable geology/geochemistry.

A fixed-wing airborne magnetic survey was completed in June, 2004, covering all the company's Temiscamingue joint venture project area in Quebec (Aurora 50 per cent/Fieldex Exploration 50 per cent). Data from this survey were merged with three other detailed airborne surveys that Aurora had previously flown throughout the Temiscamingue region. The resulting product helped define initial target areas that were investigated in the first phase of field activities which consisted of prospecting, reconnaissance mapping, outcrop stripping and washing, detailed mapping, and channel sampling. As previously reported (see news release in Stockwatch dated Sept. 16, 2004), the results of this program led to the discovery of new gold showings and the significant expansion of some previous known showings. Initial grab samples of some of these areas returned gold values of 59.8 grams per tonne, 42.7 grams per tonne, 18.35 grams per tonne and 16.05 grams per tonne. On Jan. 15, 2005, the joint venture initiated a first phase 3,000-metre drill program to further test some of the showings of interest.

HIGHLIGHTS OF 2004 FIELD EXPLORATION
PROGRAM -- TEMISCAMINGUE JOINT VENTURE

Assay result occurrenceHighlightsDescription
Petosa59.8 g/t Au, 18.0 g/t Au, 7.43 g/t Au (grab samples) mineralization occurs within quartz veins and strongly sheared, silicified, and sericitized quartz diorite.
Gauthier19.0 g/t Au (grab sample), 5.47 g/t Au (one-metre channel sample), 7.48 g/t Au (one-metre channel sample), 11.15 g/t Au (0.5-metre channel sample) Quartz ankerite veins cutting sheared gabbro. The 15-metre- wide shear zone returned anomalous gold values over its entire exposed 100-metre length from 0.2 g/t Au to 19.0 g/t Au.
Belle- terre16.0 g/t Au, 12.0 g/t Au (grab samples) Mineralization in quartz vein hosted by a three-metre-wide highly sheared gabbro.
Harding East 0.97 per cent zinc, 0.22 per cent copper, 0.17 per cent nickel (channel samples) Intensely altered and deformed mafic to ultramafic schist hosted by gabbroic rocks.
Roy 2.03 g/t Au, 0.86 per cent copper, 1.25 per cent zinc (grab samples) Pyrite and chalcopyrite mineralized pillow and pillow breccia basalt.
Sisco 2.0 g/t Au (grab sample) Quartz vein cutting sheared gabbro.
Lac Bluff1.75 g/t Au, 0.55 per cent Cu Interbedded dacitic tuff (grab samples) and volcani- clastic rocks (7 per cent combined pyrite and chalcopyrite).
Belle- humeur2.0 g/t Au, 4.36 per cent copper (grab samples) Intensely sericitized and silicified mafic volcanic and gabbroic rocks.

New areas favourable for hosting nickel-copper-platinum group metals deposits have also been identified and prospected. A helicopter borne electromagnetic survey of over 1,300 total line kilometres was completed in late December, 2004, on the komatiitic and gabbroic terrains to locate conductors indicative of massive sulphide mineralization for subsequent drilling this winter.

The Temiscamingue joint venture project is being supervised by Dr. Michael J. Byron (PGeo), the qualified person for this project.