By: Matt Rego
Aureus Incorporated (OTC Pink: ARSN) is a developing mining company that focuses on the exportation and development of precious metals and minerals within its properties across the United States. Shares of the mining company are down nearly 11% on Monday, August 8, 2016, on heavy volume. Over the past three months, the junior mining company has seen average daily volume of around 1.01 million shares. However, nearly 1.94 million shares of dollar volume of around $1,222,200 has already exchanged hands in the early morning trading session on Monday.
Aureus Incorporated (OTC Pink: ARSN) is seeing shares get clipped after the company announced that they had acquired two mining claims in Montana’s Confederate Gulch mining district, which has history of producing gold. The first claim is on the Keene Placer claim, which consists of almost 20 acres. The other acquired claim, the Western Star Lode Claim and milling site sit upon 13.22 acres within the Confederate Gulch mining district in Montana. Here is the press release detailing of the recent mining acquisitions:
Aureus Incorporated (OTC Pink: ARSN) Press Release
HELENA, Mont., Aug. 08, 2016 (GLOBE NEWSWIRE) — Aureus Incorporated (ARSN) (“Aureus” or the “Company”) is pleased to announce its recent acquisition of two mineral properties in Montana’s Confederate Gulch mining district, historically known for placer gold discoveries.
The two properties are the Keene Placer claim and Western Star Load claim and mill site. The Keene Placer claims consists of 19.67 acres, in the Montana Gulch, the known feeder of gold for the Confederate Gulch in Broadwater County, MT. Historical work was completed on the Keene Placer property in the early 1990’s which has shown positive indications of mineralization. Aureus intends to use the historical information along with a phase one exploration program to complete a NI 43-101 report. Western Star Lode Claim and Mill site is 13.22 acres and located in the northern half of the Confederate Gulch mining district in Broadwater County, MT.
The Confederate Gulch mining district, containing some of the richest placer ground in Montana, lies on the western slope of the Big Belt Mountains between Helena and Townsend east of the Missouri River (now Canyon Ferry Reservoir).
Mr. Tracy Fortner, Aureus’s CEO, commented, “Over the years, I have worked on many mineral properties, and I believe there is great potential on our two newly acquired properties. Our goal is to explore both properties with the focus on the discovery of gold and ultimately to build a processing facility to service both properties.”
The two properties were acquired through a Purchase Agreement, dated July 21, 2016 between the Company and Montana Mine Land Holdings LLC, a company controlled by Tracy Fortner, our President & CEO.
Additional information regarding the Purchase Agreement discussed here can be found in the Company’s Form 8K/A filed with the U.S. Securities and Exchange Commission on July 28, 2016.
About Aureus Incorporated
Aureus Incorporated is a junior gold exploration and mining company with mineral interests in Nevada and Montana, both known for being gold areas. The Company was founded in 2014 with the goal of acquiring and exploiting minerals claims in North America with a focus on the western region, where historical many large gold discoveries have been made.
For additional information, please visit the Company’s website www.aureusgold.com, the contents of which are not incorporated into this press release.