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Aura Silver Resources Flat, But Being Bid Lower After Double Announcement

Aura Silver Resources Inc. (AUU.V) is flat at 16 cents, but is being bid lower to 15 cents after announcing that the second phase of the 2011 drilling program is underway on its wholly-owned Greyhound property, NU. It said this 2,200 metre program will test a new area of bedrock gold and silver targets located in the northeastern part of the property. Several target areas are defined by broad extensive soil anomalies up to 2.0 g/t Au, bedrock grab samples up to 6.49 g/t Au and surface gossans associated with sulphide zones in magnetite iron formation.

Aura Silver Resources also announced that it has uncovered additional bedrock gold and silver targets east of Whitehills Lake and south of its wholly-owned Greyhound claim group. Limited prospecting of the area in 2011 has located extensive gossan and massive sulphides containing highly anomalous gold and silver values. The company recently staked 20 claims comprising 20,848 hectares (51,495 acres) to cover this new target area. The addition of these new claims brings the company's total Nunavut claim holdings to over 55,000 hectares (135,850 acres). Additional prospecting and sampling of the new claims will take place before winter sets in.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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