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| Aurora Exercises Option to Form Joint Venture with Falconbridge
VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 12, 2003--Aurora Platinum Corp. (TSX Venture:ARP) announced today that it has exercised the option in its Option/Joint Venture Agreement with Falconbridge Limited and has acquired 60% of Falconbridge's interest in the Foy and Footwall Properties, Sudbury Mining District. Aurora will assume operatorship of the joint venture for both properties, with expenditures on the properties being shared pro rata, based on the parties' then current interest. The 1,600 hectare Footwall Property is located along the South Range of the Sudbury Igneous Complex (SIC) between the Garson and Norduna nickel-copper-PGM mines. The Property covers approximately 8 kilometres of the SIC contact and footwall rocks immediately adjacent to and including the down-dip extension of the Falconbridge, Falconbridge East, and Cryderman deposits. The Foy Property covers more than 10 kilometres of the Foy offset dyke on the North Range of the SIC lying between the Nickel Lake and the Nickel Rim nickel-copper-PGM deposits. The contact and adjacent footwall environments in the Footwall Property and the offset dyke environment on the Foy Property are the primary host rocks to nickel-copper-PGM deposits in the Sudbury Camp. BizVantage – Beyond the news: when knowing counts. Aurora Platinum Corp. is actively exploring for nickel-copper-PGM deposits in Ontario and Quebec. The Company has option/joint ventures with Inco Limited, including the AEM Project in northwestern Ontario and the AEM Abitibi Project in eastern Ontario/western Quebec and the Nickel Lake Project in the Sudbury Mining District. Aurora is also aggressively exploring 100%-owned properties in Ontario and Quebec, and the Midrim/Belleterre Projects in Quebec. The Company has exposure to gold and base metals exploration through its 57% interest in Lake Shore Gold Corp. and diamonds through its 57% interest in Superior Diamonds Inc. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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