Scottsdale, Arizona 6/19/2009 12:36:58 AM
News / Finance

Aurelio Resource Corp. (AULO.OB) Completes Acquisition of 10 Nevada Gold Projects

QualityStocks would like to highlight Aurelio Resource Corp. (OTCBB: AULO). The company holds a 3% NSR interest in the Hill (Arizona) Copper-Zinc Project, which contains an estimated resource of 63.8 million tons grading 0.56% copper-equivalent. Aurelio has also acquired the rights to explore, and an option to purchase, the Gavilanes gold deposit in Durango, Mexico.

 

In the company’s news yesterday,

 

Aurelio Resource Corporation was pleased to announce that it has acquired a portfolio of ten highly-prospective gold exploration and development projects in Nevada from C3 Resources, Inc. The assets were purchased in exchange for 47,500,000 restricted common shares valued at $0.10 per share.

 

Stephen Doppler, President and CEO of Aurelio Resource Corporation stated, “The closing of this transaction provides Aurelio with a strong pipeline of gold projects in several of the major gold trends in Nevada, and represents an important step in the company’s strategic transformation to becoming a significant gold exploration and development company. As a result of this acquisition, the board will be strengthened by three highly-qualified and experienced directors who will add value to Aurelio’s projects. We are pleased to have structured this deal, which will create long-term value to both C3 and Aurelio’s shareholders, in these current markets.”

 

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Forward-Looking Statement:

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