Auryx Gold Corp. (TSX:AYX,NSX:AYX) announced the filing on SEDAR of its NI 43-101 Preliminary Economic Assessment on the Otjikoto project.
As quoted in the press release:
Auryx Gold Corp. (TSX:AYX)(NSX:AYX) is a Canadian, growth-focused resource company engaged in the acquisition and exploration of gold projects in Namibia. The Company is currently advancing the Otjikoto gold deposit, located 300 km north of Namibia’s capital city, Windhoek. By virtue of its location, the Project benefits significantly from Namibia’s well established infrastructure with paved highways, a railway, power grids, and the water grid all close by. Located in southwest Africa, Namibia is mining-friendly and lauded as one of the continent’s most politically and socially stable jurisdictions. On October 11, 2011, Auryx announced the signing of a binding agreement with B2Gold Corp. to combine the two companies. The agreement is subject to the approval of Auryx shareholders, who are to vote at the Annual and Special Meeting to be held in December, 2011.