Auryx Gold Advises on Exploration and Development Schedule for the Otjikoto Gold Project in Namibia

Auryx Gold Corp. (TSX:AYX) reports the exploration and development program at its Otjikoto gold deposit and the Otavi exploration area for July 2011 to June 2012.

The press release is quoted as saying:

Auryx is targeting the delivery of a new National Instrument 43-101 resource estimate for the Otjikoto gold deposit in Q1 2012, followed by a preliminary economic assessment (“PEA”) in Q2 2012 and a Definitive Feasibility Study (“DFS”) by Q2 2013. After completion of the PEA and certain associated technical studies, the Company will be in a position to request a Mining Licence from the Namibian government. Subject to timely permitting and financing, and the successful completion of the PEA and DFS, the Company is targeting the production of gold at Otjikoto by Q1 2015.

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