Shearwater Regulatory News (SWG)

7 Dec 2006 09:27

Aurum Mining PLC07 December 2006 For Immediate Release 7 December 2006 AURUM MINING PLC ("Aurum" or "the Company") New mineralised zone discovered at Andash: possible faulted extension to Zone 1 Aurum Mining plc (AIM: AUR), the company formed to acquire gold and othermineral extraction projects in the Former Soviet Union (FSU), is delighted toannounce details of the discovery of a new exploration zone within the Andashlicence area. The new zone, called Nakhodka, shares the geological andmineralogical features of Andash Zone 1, where 1.5 million ozs of gold and goldequivalent have already been identified. The company is presently finalising thebankable feasibility study for zone 1 and expects to deliver this shortly. During a recent geological mapping campaign in the northern region of the Andashlicence area, a body of eruptive diorite breccia was delineated for a distanceof approximately 3.5km, with a visible width of approximately 1.5km. Within thisbreccia, a new mineralised zone was identified, with a strike length ofapproximately 1000m. The zone is represented by strongly altered breccia with intensive sulphidemineralisation (pyrite/chalcopyrite) and visible gold. Structurally it is a flatNorth-dipping thrust zone with distinct geological and mineralogical featuressimilar to Zone 1. It is believed that the mineralisation represents the upperpart of the Zone 1 orebody, faulted by a flat thrust moving it North around 2km.This new area and Zone 1 are structurally similar and have the same host rocksand similar chemical elements both in type and grade. Initially, 14 grab and chip samples were taken from the surface. Nine samplesreturned elevated gold and copper values up to 124 g/t of gold and 1.05% copper. Sample Location Type of sampling Length, m Grade X Y Au, g/t Cu, %A-06-801 33814 11572 grab 0.39 0.39A-06-802 33782 11510 grab 31.6 0.84A-06-807 33522 11432 chip 2.0