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FRONT RANGE PROPERTY

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FRONT RANGE PROPERTY
Classification: Active/Verified
Status: Exploration
Type of Work: Underground
Location: USA, Colorado
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Property News

August 13, 2010
Aurora Gold announced that the Company acquired from Global Minerals Ltd., its 50% participating interest in the Front Range Gold Project in Boulder Colorado, USA. The acquisition includes the Gold Hill Mill, permitted to 70,000 tons per year, along with associated mining equipment and a 50% equity interest in the Black Cloud Mine Claim Group tenements located within the Front Range Gold property. The Company is the operator of the Front Range Gold Project and intends to reopen the Cash mine, which has been inactive since 2008, and is currently investigating permitting issues with the local authorities.
February 27, 2009
As Global Minerals Ltd. was not in commercial production during the year ended June 30, 2008, gold and silver concentrate revenues and related operating costs have been deferred and included with mineral property costs. Fourteen truck loads of concentrates with an estimated sales value of $964,027 were shipped to the smelter. The mill operated on a 24 hour basis processing 1.8-2.2 tons of concentrate per hour with excellent recoveries. On average 35-40 tons of concentrate per day was recovered. Three shipments of concentrates with an estimated sales value of $240,000 were shipped to the smelter. The Company has temporarily suspended mineral concentrate extraction activity to assess the efficiency of operations and to explore more cost effective extraction processes.
October 3, 2008
Announced that due to the intermittent and sporadic payment schedule from the smelter in Mexico, Global Minerals Ltd will temporarily suspend mining, development and shipping of concentrate from its Colorado operation.
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