Aurora Platinum Corp.: Recent Success On Foy Project,Sudbury Results In Expanding Winter Drill...

Business Editors

VANCOUVER, B.C.--(BUSINESS WIRE)--Dec. 21, 2000

Aurora Platinum Corp. (CDNX:ARP.) announced today that a recently completed detailed airborne magnetic/electromagnetic survey over the Company's Foy Project has defined a number of high profile magnetic and electromagnetic

The Company also believes that a large embayment in the footwall of the Sudbury Nickel Irruptive at Foy has been defined by this airborne survey. Modelling suggests that the embayment covers an area of 5 kilometers by 3.5 kilometres and is buried approximately 200 metres below the present surface. Embayments in the footwall along the basal Nickel Irruptive contact are prime locations for hosting some of the largest and richest Cu-Ni-PGM deposits in the Sudbury camp and the Foy Embayment offers exceptional exploration targets.

On the basis of the positive geophysical results, the Company has decided to contract a second drill rig in early January 2001 for the Foy Project to test targets in the interpreted embayment area.

At present, one rig is operating on the Foy Project and is drilling the second hole of a three hole program designed for a downhole geophysical survey. The three holes which are collared north of significant Cu-Ni-PGM mineralization discovered by Aurora in the Foy Offset Dyke, are being drilled over a strike length of 500 metres and to a depth of 800 metres. Although the three holes are strictly designed as part of a downhole geophysical survey, a number of pods, lenses and vein of both disseminated and massive sulphide have been intersected in both hole one and two. These holes are currently being logged and sampled. Assay results will be released when received.

The success of the first phase of exploration on the Foy Project has resulted in an increase in the winter drilling program from 5,000 metres to 8,000 metres.

A detailed airborne magnetic/electromagnetic survey was also completed on the Falconbridge Township Footwall Project. This property is located between the Garson and Norduna Mines and is adjacent to the Falconbridge and Falconbridge East mines. The Property contains both sublayer and footwall targets. The airborne survey has identified a number of strong anomalies within both of these target environments, and a winter drilling program on the Falconbridge Township Footwall Project is planned.