Aura Silver Discovers New Gold/Copper Targets at Dingo

Aura Silver Discovers New Gold/Copper Targets at Dingo Prospect,
Greyhound, Nunavut/Provides Update 
OTTAWA, ONTARIO -- (Marketwire) -- 01/21/13 -- Aura Silver Resources
Inc. (TSX VENTURE:AUU) ("Aura Silver" or the "Company") is pleased to
announce that a high quality gold target referred to as the Dingo
prospect and an adjacent copper prospect have been outlined through a
comprehensive interpretation of geochemical data at its wholly-owned
Greyhound property in Nunavut. These new discoveries add to the
excellent potential of the property where previous results identified
one gold and two silver targets located to the east and south-east of
Aura Lake, as well as an untested silver target on the Greyhound
north-east claims. These latest results complete Aura Silver's
extensive geochemical interpretation where six drill-ready targets
have been clearly identified along an Archean greenstone belt
stretching over twenty five kilometres from the southwest to the
northeast. 
Robert Boaz CEO and President of Aura Silver states that, "During the
past year, we have concentrated our efforts on isolating the sources
of high grade surface samples of gold, silver and base metals at
Greyhound. We now believe that Greyhound likely represents the most
exciting exploration property for gold, silver, copper and zinc of
any other property in Nunavut or for that matter likely northern
Canada, especially given the high quality infrastructure currently in
place. It is most unusual to explore this far north and to have such
excellent logistics". 
The Dingo Prospect lies 5.5 kilometres NNE of Greyhound's Aura Lake
area and only thirty kilometres north of Baker Lake, NU with access
via the all-weather road leading to Agnico Eagle's Meadowbank mine.
The prospect is a discontinuous north-south striking quartz-vein
system traced over 1.7 kilometres of strike at the margin of a major
felsic sub-volcanic intrusion and mafic volcanics with a possible
east-west trending shear zone structure; a classic gold environment.
The vein system has been traced by outcrop and a discontinuous, but
linear, gold-in soil anomaly with values in excess of 2,000 ppb Au.
Sampling was conducted at 50 metre intervals along lines spaced at
100 metres. Grab samples from exposed outcrop assayed from trace up
to 9.1 g/t A
u and from trace up to 96.6 g/t Ag as reported in the
table below. 
A significant gossan development lies near the quartz-vein system
near the south end of Dingo and bordering the east-west shear zone
structure and measures 5 by 150 metres. Mineralization consists of
pyrite, chalcopyrite and trace arsenopyrite as a sulfide vein
stringer zone. Precious metals associated with this copper stringer
zone are low but one sample reported a copper value of greater than
10,000 ppm (greater than 1% Cu). However, the Company speculates that
this zone may be associated genetically with the high grade surface
samples transported to the north end of Aura Lake which assayed 9.2%
copper and 18.5% zinc. 
Dingo Prospect Grab Samples 


 
SAMPLE NUMBER                                         GOLD            SILVER
                                                     (g/t)             (g/t)
                                                                            
AA03                                                   9.1               4.6
G0650994                                               7.4              96.6
98-AA-04                                               7.2              10.2
JS11-43                                                1.2              20.8
JS-11-44 (copper zone)                                 0.9              47.6
JS-11-45 (ext. of copper zone)                         0.1               2.8
JS11-46                                                0.8               9.8
G0650994                                               0.1               9.6
                                                                            
Note: All samples were assayed by fire assay by Actlabs, an accredited assay
laboratory, being one of the first labs in the world to achieve ISO 17025   
accreditation as well as CAN-P-1579 (Mineral Lab) and CAN-P-1578 (forensic  
lab) accreditations.                                                        

 
New interpretation of the Dingo soil results is the product of
Activation Laboratories Ltd. (Actlabs) deep-penetrating organic
geochemistry analysis which has been used in two other studies at
Greyhound. Spatiotemporal Geochemical Hydrocarbon (SGH) analyses (see
description below) has identified gold and silver targets across the
Greyhound property that are rated in excess of 5 out of a maximum 6
in terms of quality and probability of occurrence by the Actlabs
rating system. The Dingo prospect was first press released in
September 2010, noting the high grade gold values and copper
mineralization. The SGH data illustrates two distinct and separate
anomalous zones associated with a possible east-west trending shear
zone structure suggesting an association of shear hosted vein-gold.
The apical anomaly indicated at the northern edge of the Dingo survey
implies a ridge anomaly and represents the vertical projection of
possible gold mineralization with an interpretation of a shallow
source of less than 50 metres. Rating of the apical anomaly
mineralization plot is 5.0 out of 6.0, a significant and important
top rating Actlabs suggested that the rating could be a maximum
rating of 6 if additional samples to the north were available.
Unfortunately, the soil sampling ended at the point of disappearance
of the quartz veining under thick till cover.  
Two copper anomalies were located; one deep and at the southern end
of the survey area but west of the gold quartz vein system; and, one
shallow, both associated with the surface gossan and sulphides
stringer zones. An interpretative rating of 5.5 out of 6.0 was
assigned to this prospect by Actlabs. Aura Silver's geologists
believe the two anomalies are likely one mineralized zone with one
seen near surface and the other to depth.  
The map "South West Greyhound Property Showing Aura Lake and Dingo
Prospects" (available at
http://media3.marketwire.com/docs/Aura_Silver_map_0121.pdf or at
www.aurasilver.com under 'News') shows the proximity of the Dingo
prospect to our original discoveries around Aura Lake with the
all-weather Meadowbank road separating these two major zones. 
Spatiotemporal Geochemical Hydrocarbon (SGH) Analytical Method - An
Explanation 
SGH is the only known organic geochemistry tool that uses non-gaseous
semi-volatile organic compounds interpreted using a forensic
signature approach. SGH is a deep penetrating geochemistry that
involves the analysis of surficial samples from directly over
potential mineral or petroleum targets. SGH analysis incorporates a
very weak leach, essentially aqueous, that only extracts the
surficial bound hydrocarbon compounds and those compounds in
interstitial spaces around the sample particles. It should not be
confused with other hydrocarbon tests of traditional analyses that
measure C1 (methane) to C5 (pentane) or other gases.  
Actlabs has continued to successfully develop, refine, and implement
their organic Spatiotemporal Geochemical Hydrocarbon analysis which
detects the organic decomposition products from bacteria and microbes
that feed directly on mineral or petroleum targets and which provide
a forensic signature identifying the target buried at depth of as
much as 1,000 metres. The analysis involves the testing for 162
hydrocarbon compounds in the C5-C17 
carbon series range in a wide
variety of sample types. Actlabs' SGH analysis has experienced a high
success rate in the past with over 900 exploration targets
interpreted for a range of major mining companies and junior
explorers in both the mining and petroleum industries. Past research
projects have attracted sponsors such as Western Mining Corporation,
BHP-Billiton, Inco, Noranda, Outokumpu, Xstrata, Cameco, Cominco, Rio
Algom, Alberta Geological Survey, Manitoba Geological Survey, and
OMET. In fact Actlab's SGH analysis has been described as a "REDOX
cell locator" by the Ontario Geological Survey which is crucial in
determining mineralization location. 
Company Update 
Aura Silver is in ongoing discussions with strategic partners focused
on both of our properties in Mexico and Nunavut which have the
potential to add value for shareholders.  
Robert Boaz states, "Difficult market conditions have led us to seek
out partners who can provide sufficient capital to make further
progress on our Taviche/Alma Delia property in Mexico as well as our
Greyhound property in Nunavut. We anticipate that further updates
will become available over the course of the next few months." 
Paul Pitman, P. Geo. is Aura Silver's qualified person (as defined by
National Instrument 43-101) and has reviewed and approved the
scientific and technical information in this press release.  
About Aura Silver 
Aura Silver is a TSX Venture listed company engaged in the
acquisition, exploration and development of precious metal prospects
in Canada (100% owned Greyhound project) and in Oaxaca, Mexico. Aura
Silver has 101,680,844 common shares outstanding.  
Aura Silver's web site is located at www.aurasilver.com 
FORWARD-LOOKING STATEMENTS: 
This press release may contain forward looking statements that are
made as of the date hereof and are based on current expectations,
forecasts and assumptions which involve risks and uncertainties
associated with our business including the uncertainty as to whether
further exploration will result in the target(s) being delineated as
a mineral resource, capital expenditures, operating costs, mineral
resources, recovery rates, grades and prices, estimated goals,
expansion and growth of the business and operations, the private
placement financing activities of the Company, plans and references
to the Company's future successes with its business and the economic
environment in which the business operates. All such statements are
made pursuant to the 'safe harbour' provisions of, and are intended
to be forward-looking statements under, applicable Canadian
securities legislation. Any statements contained herein that are
statements of historical facts may be deemed to be forward-looking
statements. By their nature, forward-looking statements require us to
make assumptions and are subject to inherent risks and uncertainties.
We caution readers of this news release not to place undue reliance
on our forward-looking statements as a number of factors could cause
actual results or conditions to differ materially from current
expectations. Please refer to the risks set forth in the Company's
most recent annual MD&A and the Company's continuous disclosure
documents that can be found on SEDAR at www.sedar.com. Aura Silver
does not intend, and disclaims any obligation, except as required by
law, to update or revise any forward-looking statements whether as a
result of new information, future events or otherwise. 
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Contacts:
Robert Boaz
President and CEO
(905) 403-8010
boaz@aurasilver.com
www.aurasilver.com
 
 
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