NEW YORK, NY--(MARKET WIRE)--Sep 21, 2006 -- Aurus Corporation (Other OTC:AURC.PK - News) announced today that it has acquired all the outstanding shares of Krong Ltd. which assets include a production plant with 2,800,000 ounces of gold reserves.
"We are very enthusiastic with the possibilities presented with the acquisition of Krong Ltd. Our proven reserves combined with theirs will add up to over 7 million ounces and therefore will make AURUS one of the new leaders in the industry," said Mr. Gerald Parkin, President of Aurus Corp. "Their production plant and the technology employed for the extraction of gold tailings is exceptional and will assure us an edge which will enable us to increase production dramatically," further added Mr. Parkin. Krong Ltd. has a unique technology in treating tailings and this method shall be used in extracting ore from the other reserves of gold tailings owned by Aurus as well as from other sites throughout the federation of Russia.
-------------------- Good judgment comes from experience, and often experience comes from bad judgment. Posts: 242 | From: Canada | Registered: Jul 2005
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