coinmaker
12 years ago
auriga gold fires their ceo and gives themselves 1.8 million options
500,000 for the ring leader Mr. Glenn.
Looks like Gordon Glenn for his meritorious work over the last two months ( sorry but none of the accomplishments so far were under the good Mr. Glenn) has received the lions share of the low priced options for 5 years. The reason he got so many is that he was the one to break the news to Sutcliffe that he was being stabbed in the back by his board of directors and replaced.
Who gave out these options? The compensation committee of course and they are the "independent" directors. Yea right.
As of 11:59pm ET September 11th, 2012
Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction # or value acquired or disposed of Price
Sep 11/12 Sep 11/12 White, James David Alexander Direct Ownership Options 50 - Grant of options 250,000 $0.250
Sep 11/12 Sep 11/12 Robertson, Brian Ernest Direct Ownership Options 50 - Grant of options 250,000 $0.250
Sep 11/12 Sep 11/12 Glenn, Gorden Direct Ownership Options 50 - Grant of options 500,000 $0.250
Aug 21/12 Aug 17/12 Irwin, Christopher Indirect Ownership Options 50 - Grant of options 250,000 $.25
coinmaker
12 years ago
more drilling expansion
Auriga Gold Drills 2.33 Meters of 12.60 g/t Gold and Continues to Extend Mineralization at the Maverick Gold Project, Manitoba
Press Release: Auriga Gold Corp. – 1 hour 23 minutes ago
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AURIGA GOLD CORP
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AIA.V 0.28 +0.00
TORONTO, ONTARIO--(Marketwire -02/28/12)- Auriga Gold Corp. (TSX-V: AIA.V - News) ("Auriga Gold" or the "Company") is pleased to report results from recent drilling at the Company's Maverick Gold Project. These results continue to extend high grade mineralization in the northern part of the Puffy Lake deposit.
Highlights from the recent drilling results include hole A3-83 that intersected 2.00 meters grading 11.96 g/t gold at a depth of 107 meters and hole A3-85 intersected 2.33 meters grading 12.60 g/t gold at a depth of 150 meters. Holes A3-83 and A3-85 are approximately 50 and 75 meters north respectively of hole A3-81 that intersected 47.2 g/t over 1.69 m, the highest grade intersection to date at the Puffy Lake deposit (see press release dated January 17, 2012).
Auriga Gold recently filed a Preliminary Economic Assessment (PEA) on the Maverick Gold Project that confirmed positive economics and pre-tax IRR of 84% (see press release dated January 5, 2012). The Project, located 65 km northeast of Flin Flon, Manitoba, includes the past-producing Puffy Lake Mine and on-site mill, the adjacent Nokomis deposit, and recently staked mining claims covering a total of 6,640 hectares (66.4 km2).
Richard Sutcliffe, Auriga Gold's President and CEO commented, "We are very encouraged with the latest drilling results. The northern part of the Puffy Lake deposit continues to provide some of best and most consistent results at Maverick Gold. We will continue to explore along the major mineralized structure that features a 20 km gold bearing horizon on the property hosting the Puffy Lake and Nokomis deposits and several gold showings."
----------------------------------------------------------------------------
MAVERICK GOLD PROJECT - PUFFY LAKE PROPERTY
----------------------------------------------------------------------------
SUMMARY OF SIGNIFICANT ASSAYS
----------------------------------------------------------------------------
FROM TO WIDTH Au
HOLE EASTING NORTHING AZIMUTH INCL (m) (m) (m) (gpt)
----------------------------------------------------------------------------
A3-79 373272 6100732 360 -90 48.87 49.12 0.25 10.40
----------------------------------------------------------------------------
A3-82 373226 6100761 360 -90 152.54 153.90 1.36 5.56
----------------------------------------------------------------------------
and 167.55 168.05 0.50 5.73
----------------------------------------------------------------------------
A3-83 373198 6100736 360 -90 44.13 44.63 0.50 4.40
----------------------------------------------------------------------------
and 100.30 100.77 0.47 14.30
----------------------------------------------------------------------------
and 107.03 109.03 2.00 11.96
----------------------------------------------------------------------------
and 117.25 118.25 1.00 5.27
----------------------------------------------------------------------------
A3-85 373179 6100761 360 -90 149.67 152.00 2.33 12.60
----------------------------------------------------------------------------
incl 151.51 152.00 0.49 24.33
----------------------------------------------------------------------------
Note: true intercept widths are currently estimated at 88-100% of drilled
widths. Hole numbers at Maverick Gold have not necessarily been drilled or
sampled sequentially.
----------------------------------------------------------------------------
In the latest drilling campaign, holes A3-79, 82, 83, and 85 all tested shallow underground mineralization north of the planned northern starter pit. The drill results reported here were completed subsequent to the Company's NI43-101 resource announced in August 2011 (see press release dated August 4, 2011).
Exploration drilling at Maverick Gold has continued through the winter season with the intention of both upgrading and expanding existing NI 43-101 resources around the Puffy Lake deposit as well as on the Nokomis deposit. As announced on February 22, 2012, Auriga is drilling the Nokomis deposit located 7 km northeast of the Puffy lake mill with particular emphasis on testing near surface mineralization. Over 1,200 meters of drilling over 18 holes is now complete at Nokomis; initial assay results are anticipated in early March, followed by an upgraded and expanded resource estimate.
A plan section showing the location of the Puffy deposit diamond drill holes is available on the Company's website at http://www.aurigagold.ca/i/maps/Drill.Hole.Location.pdf.
Please visit our booth #2926 at the PDAC Investors Exchange to be held March 4 to 7, 2012, in Metro Toronto Convention Centre.
About Auriga Gold
Auriga Gold Corp. is a Canadian mine development and exploration company focused on developing the Puffy Lake Mine and expanding gold resources on its Puffy Lake and Nokomis deposits (the "Maverick Gold Project"). The Company plans to upgrade and expand the resources at the Maverick Gold Project, initiate test mining, complete feasibility studies of mineral reserves, and bring the Puffy Lake Mine back into production. The Puffy Lake Mine includes a 1,000 tpd flotation mill, a developed underground ramp to 135 metres depth, is fully road accessible and close to existing mining infrastructure. The Maverick Gold Project is located in the Flin Flon Greenstone Belt of Central Manitoba.
coinmaker
13 years ago
More drilling results - and 43-101 by early summer. Maybe 1 million oz's????? which is only a 20% increase- surely doable. I guess we will see sometime in July. Fingers crossed.
News
Jun 22, 2011
Auriga Gold Provides Further Assay Results from its Confirmation Drill Program at the Maverick Gold Project, Manitoba; Including 4.7 meters of 7.85 g/t Gold
TORONTO, ONTARIO June 22, 2011 - Auriga Gold Corp. (TSX-V: "AIA") ("Auriga Gold" or the "Company") is pleased to report the final set of assay results from the Phase 1 and 2 drilling programs at the Maverick Gold Property, located 65 km northeast of Flin Flon, Manitoba. The results from the confirmation drill program will be incorporated into the initial NI 43-101 resource estimate, currently being prepared by P&E Mining Consultants and expected to be completed in early summer.
The Puffy Lake Deposits consists of a number of east-dipping, parallel, mineralized vein structures including the Upper, Sheridan, Main and Lower Zones. Four drill holes (A3-08, A3-10, A3-11, and A3-13) reported in this release were confirmation holes that tested areas of the historic (Non- NI 43-101) resource blocks contained in the Puffy Lake deposit. Specifically, A3-10 tested the Lower Zone in the southern area of the Puffy Lake deposit and intersected 4.78 meters grading 7.85 g/t gold. While, A3-13 tested the Upper Zone in the central area and intersected 1.56 meters grading 10.48 g/t gold.
A second set of four drill holes (A3-38, A3-39, A3-40, and A3-41) tested the near surface mineralization associated with Main and Lower Zones in the northern area of the Puffy Lake deposit. Hole A3-39 intersected three gold bearing veins, including 5.05 meters grading 4.79 g/t gold. This result combined with previously announced intersections in hole A3-36 with 1.72 meters grading 28.41 g/t gold and A3-37 with 2.20 meters grading 16.25 g/t gold (press release dated May 17, 2011) confirm significant near surface mineralization in this section of the deposit. One hole (A3-35) tested the near surface projection of the Sherridon Zone in the central area of the deposit.
Richard Sutcliffe, Auriga Gold's CEO, commented, "Our initial drill program on the Puffy Lake deposit successfully confirmed gold mineralization in the resource blocks identified by the previous operators. We are very pleased with the consistency and continuity of the mineralized vein structures and the high gold grades intersected. This new data will be combined with the historical drill results to complete an NI 43-101 resource estimate and mineralization model".
MAVERICK GOLD PROJECT - PUFFY LAKE DEPOSIT
SUMMARY OF SIGNIFICANT ASSAYS
Hole Location Azimuth/Dip From (m) To (m) Length (m) Au gpt
Confirmation Drilling
A3-08 373700/6100890 0/-90 298.78 299.28 0.50 2.37
A3-10 373850/6100036 0/-90 198.35 203.13 4.78 7.85
incl. 202.04 202.53 0.49 28.95
A3-11 373884/6100064 0/-90 208.08 209.2 1.12 3.69
A3-13 373728/6100540 0/-90 156.13 157.69 1.56 10.48
Northern Near Surface Mineralization
A3-38 373185/6100579 0/-59 55.70 57.25 1.55 6.26
A3-39 373185/6100579 235/-45 23.83 24.16 0.33 9.19
and 36.51 41.56 5.05 4.79
incl. 37.01 40.51 3.50 6.49
incl. 37.51 38.01 0.50 23.26
and 46.00 46.25 0.25 27.55
A3-40 373174/6100600 0/-90 no significant assays
A3-41 373174/6100600 235/45 46.35 51.05 4.70 0.90
Sherridon Zone Near Surface Mineralization
A3-35 373218/6100538 235/-45 38.35 42.38 4.03 2.63
incl. 39.85 41.85 2.00 4.30
Note: true widths are currently estimated at 85-90% of drilled widths
A plan section showing the location of the diamond drill holes in relation to historical reserve blocks is available on the Company's website at www.aurigagold.ca.
Auriga Gold expects to commence a summer drill program in July that will focus on increasing gold resources at the Puffy Lake mine property and the adjacent and on strike properties. In addition, we have initiated the mine redevelopment program with an environmental study, reactivation of existing mining permits and an evaluation of the cost to refurbish the on-site 1,000 tonne per day mill.
About Auriga Gold
Auriga Gold Corp. is a Canadian mine development and exploration company which is developing the Puffy Lake Mine and expanding gold resources on its Puffy Lake and Nokomis properties (the "Maverick Gold Project"). The Company plans to upgrade and expand the historic resources at the Maverick Gold Project and bring the Puffy Lake Mine back into production. The Puffy Lake Mine includes a 1,000 tpd flotation mill, a developed underground ramp to 135 metres depth, is road accessible and close to existing mining infrastructure. In 1993, Kilborn Engineering Pacific Ltd. estimated that the property contained probable resources of 1,346,200 tonnes of mineralization @ 8.57 g/t Au and possible resources of 833,700 tonnes @ 7.15 g/t Au. The resource was estimated as part of a 1993 feasibility study prepared for Pioneer Metals and uses a cut-off grade of 3.5 g/t Au and a minimum mining width of 1.2 metres. The Maverick Gold Project is located in the Flin Flon Greenstone Belt of Central Manitoba.
NI 43-101: A qualified person has not done sufficient work to verify the historical resource estimates at Puffy Lake and Nokomis. These historic estimates predate NI 43-101, are not compliant with current definitions, have not been verified by the company and consequently should not be relied on by investors. The historical estimates are provided as an indication of historically reported estimates.
Qualified Person
The Company's Qualified Person ("QP") for the drill program at the Maverick Gold Project is Bruce Mackie, P.Geo. As QP, Mr. Mackie has prepared or supervised the preparation of the scientific or technical information for the property and has verified the data disclosed in this press release.
Sample Preparation, Analyses and Security
The assay and sample information as well as geological descriptions are taken from drill logs as prepared by the project geologists for the drill program. All drill cores are NQTW in size and assays are completed on split or sawed half-cores, with the second half of the core kept for future reference. The samples are put into rice bags which are sealed with security locks for shipping directly to Accurassay Laboratories, an accredited assay laboratory, in Thunder Bay, Ontario. The samples are analysed using standard fire assay procedures with an AA/ICP finish, using 50g aliquots. Assay results greater than 2.50 gram per tonne will be rerun using a gravimetric finish. In addition to the standard quality control of the laboratory, a series of blanks and standards are inserted in every shipment for quality control purposes.
For more information, please contact:
Auriga Gold Corp.
Dr. Richard H. Sutcliffe, President and CEO
Alison Tullis, Manager, Investor Relations
Phone: 416-214-2785
atullis@aurigagold.ca
info@aurigagold.ca
http://www.aurigagold.ca
db7
13 years ago
AIA.v/AGRDF.pk(.40), Auriga Gold Intersects Near Surface Mineralization Including 5.0 Meters Grading 6.59 g/t Gold at Maverick Gold Project, Manitoba
Press Release Source: Auriga Gold Corp. On Tuesday April 12, 2011, 6:30 am EDT
TORONTO, ONTARIO--(Marketwire - April 12, 2011) - Auriga Gold Corp. (TSX VENTURE:AIA - News; "Auriga Gold" or the "Company") reports encouraging results from drilling at the Company's Maverick Gold Project, including initial results from the Phase 2 drilling program to test near-surface gold mineralization. The Maverick Gold Project, located 65 km northeast of Flin Flon, Manitoba, includes the past-producing Puffy Lake Mine and Mill, the adjacent Nokomis Property, and staked mining claims covering a total of 6,640 hectares (66.4 km2).
Drill hole A3-03 was drilled to confirm previously defined resource blocks in the northern area of the Puffy lake deposit on section 1000N. A3-03 identified two 1.50 meter wide zones grading 7.73 g/t and 7.88 g/t gold. The hole completes the confirmation drilling on this section of the existing deposit, which has shown excellent continuity and grade (See press releases dated March 7 and March 24, 2011).
Richard Sutcliffe, Auriga Gold's President and CEO stated, "We continue to demonstrate continuity of high-grade gold mineralization at the Puffy Lake deposit; and now plan to establish near-surface gold resources that could potentially contribute to a rapid restart of the past producing mine. The Maverick Gold Project has excellent location and infrastructure and we expect to quickly establish a mine development plan at Maverick Gold."
Holes A3-16 to A3-23 were drilled in the southern area of the Puffy Lake deposit to test near surface gold mineralization southeast of the mine portal in the vicinity of section 325N. A highlight includes A3-16 which intersected 5.0 meters grading 6.59 g/t gold from a depth of 8.20 meters. To date, mineralization in these holes has been less consistent than the northern section of the deposit. However, additional assay results are pending on a further six holes from this area which is one of three near surface targets that is being evaluated in the Phase 2 drilling campaign.
---------------------------------------------------------------------------- MAVERICK GOLD PROJECT - PUFFY LAKE PROPERTY ---------------------------------------------------------------------------- SUMMARY OF SIGNIFICANT ASSAYS ---------------------------------------------------------------------------- Azimuth/ From To Length GoldHole Location Dip (m) (m) (m) gpt----------------------------------------------------------------------------A3-03 373310E/6100655N 0/-90 96.98 98.48 1.50 7.73----------------------------------------------------------------------------and 129.07 130.57 1.50 7.88----------------------------------------------------------------------------A3-16 373435E/6100181N 0/-90 8.20 13.20 5.00 6.59----------------------------------------------------------------------------incl. 11.20 13.20 2.00 11.98----------------------------------------------------------------------------A3-17 373435E/6100181N 235/-45 12.10 14.50 2.40 2.77----------------------------------------------------------------------------A3-18 373454E/6100152N 0/-90 no significant assays ----------------------------------------------------------------------------A3-19 373454E/6100152N 235/-45 18.50 18.90 0.40 19.06----------------------------------------------------------------------------A3-20 373457E/6100102N 0/-90 10.80 12.80 2.00 2.99----------------------------------------------------------------------------A3-21 373457E/6100102N 235/-45 8.60 11.80 3.20 3.60----------------------------------------------------------------------------A3-22 373457E/6100052N 0/-90 16.10 17.60 1.50 1.29----------------------------------------------------------------------------and 23.60 29.10 5.50 1.18----------------------------------------------------------------------------A3-23 373457E/6100052N 235/-45 13.20 15.45 2.25 2.29----------------------------------------------------------------------------and 22.50 23.50 1.00 4.06----------------------------------------------------------------------------note: true widths are currently estimated at 85-100% of drilled widths ----------------------------------------------------------------------------
The Phase 1 drilling (15 holes for 3,350 meters) to confirm historical (pre NI 43-101) gold resources at the past-producing Puffy Lake mine has recently been completed and assay results on six remaining holes are pending. The Phase 2 program has commenced and includes 32 planned drill holes for a total of 1,600 meters to test the potential of shallow open pit mining of the mineralized vein system. Eight holes totaling 326 meters from the Phase 2 program are reported here and assays are pending on a number of additional holes.
A plan section showing the location of the diamond drill holes in relation to historical reserve blocks is available on the Company's website at www.aurigagold.ca.
About Auriga Gold
Auriga Gold Corp. is a Canadian mine development and exploration company with an experienced team focused on expanding gold resources and developing the combined Puffy Lake and Nokomis properties (the "Maverick Gold Project"). The Company plans to upgrade and expand the historic resources at the Maverick Gold Project and bring the Puffy Lake Mine back into production. The Puffy Lake Mine includes a 1,000 tpd flotation mill, a developed underground ramp to 130 metres depth, is road accessible and close to existing mining infrastructure. In 1993, Kilborn Engineering Pacific Ltd. estimated that the property contained probable resources of 1,346,200 tonnes of mineralization @ 8.57 g/t Au and possible resources of 833,700 tonnes @ 7.15 g/t Au. The resource was estimated as part of a 1993 feasibility study prepared for Pioneer Metals and uses a cut-off grade of 3.5 g/t Au and a minimum mining width of 1.2 metres. The Maverick Gold Project is located in the Flin Flon Greenstone Belt of Central Manitoba.
NI 43-101: A qualified person has not done sufficient work to verify the historical resource estimates at Puffy Lake and Nokomis. These historic estimates predate NI 43-101, are not compliant with current definitions, have not been verified by the company and consequently should not be relied on by investors. The historical estimates are provided as an indication of historically reported estimates.
Qualified Person
The Company's Qualified Person ("QP") for the drill program at the Maverick Gold Project is Bruce Mackie, P.Geo. As QP, Mr. Mackie has prepared or supervised the preparation of the scientific or technical information for the property and has verified the data disclosed in this press release.
Sample Preparation, Analyses and Security
The assay and sample information as well as geological descriptions are taken from drill logs as prepared by the project geologists for the drill program. All drill cores are NQTW in size and assays are completed on split or sawed half-cores, with the second half of the core kept for future reference. The samples are put into rice bags which are sealed with security locks for shipping directly to Accurassay Laboratories, an accredited assay laboratory, in Thunder Bay, Ontario. The samples are analysed using standard fire assay procedures with an AA/ICP finish, using 50g aliquots. Assay results greater than 2.50 gram per tonne will be rerun using a gravimetric finish. In addition to the standard quality control of the laboratory, a series of blanks and standards are inserted in every shipment for quality control purposes.
Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be achieved nor that the proposed operations will be economically viable.
Neither 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.
Contact:
Dr. Richard H. SutcliffeAuriga Gold Corp.President and CEO416-214-2785info@aurigagold.caAlison TullisAuriga Gold Corp.Manager, Investor Relations416-214-2785atullis@aurigagold.cawww.aurigagold.ca
coinmaker
13 years ago
Drill results
Auriga Gold’s Drilling at Maverick Gold Project, Manitoba, Intersects High Grade Mineralization including 30.44 g/t Gold over 2.0 Meters
TORONTO, ONTARIO, March 24, 2011. Auriga Gold Corp. (TSXV: “AIA”) (“Auriga Gold” or the “Company”) is pleased to report that ongoing drilling at the Company’s Maverick Gold Project, has continued to intersect parallel zones of high-grade gold mineralization including intersections of 30.44 g/t gold over 2.0 meters and 9.19 g/t over 2.0 meters. The Maverick Gold Project, located 65 km northeast of Flin Flon, Manitoba, includes the past-producing Puffy Lake Mine and the adjacent Nokomis Property.
Richard Sutcliffe, Auriga Gold’s President and CEO stated, “Our drilling program is showing encouraging continuity of high-grade gold mineralization at the Puffy Lake Mine. Our initial focus of drilling to confirm and extend the existing resources is progressing very well. The Maverick Gold Project has excellent location and infrastructure and we anticipate an opportunity to quickly establish a mine development plan at Maverick Gold.”
Diamond drill holes A3-02, 04, 07, 09 and 12 are part of the Phase 1 confirmation drilling program that commenced in December 2010 and are the second set of holes for which assay results have been received. All five drill holes reported in this release intersected gold mineralization associated with quartz veins and silicification within the host rocks. This drilling continues to confirm several parallel gold mineralized zones that dip toward the northeast at approximately 30 degrees. Phase 1 is a 15 hole, 3,350 meter drilling program to confirm historical (pre NI 43-101) gold resources at the past-producing Puffy Lake Mine. Phase 1 drilling has recently been completed and assay results on the seven remaining holes are pending. The Phase 2 program has commenced and includes 32 planned drill holes for a total of 1,600 meters to test the potential of shallow open pit mining of the mineralized vein system. Eight holes totaling 326 meters from the Phase 2 program have been completed as of March 20, 2011 and assays are pending.
A plan section showing the location of the diamond drill holes in relation to historical reserve blocks is available on the Company’s website at www.aurigagold.ca.
MAVERICK GOLD PROJECT – PUFFY LAKE PROPERTY
SUMMARY OF SIGNIFICANT ASSAYS
Hole
Location
Azimuth/Dip
From (m)
To (m)
Length (m)
Gold gpt
A3-02
373415E/6100730N
0/-90
175.75
177.75
2.00
9.19
incl.
176.25
176.75
0.50
23.80
A3-04
373270E/6100630N
0/-90
58.80
59.35
0.55
3.32
and
63.50
65.00
1.50
11.88
incl.
63.50
64.00
0.50
28.55
A3-07
373575E/6100805N
0/-90
298.10
300.10
2.00
30.44
A3-09
373815E/6100007N
0/-90
165.13
165.64
0.51
9.64
A3-12
373686E/6100519N
0/-90
216.80
217.80
1.00
2.17
note: true widths are currently estimated at 85-90% of drilled widths
About Auriga Gold
Auriga Gold Corp. is a Canadian mine development and exploration company with an experienced team focused on expanding gold resources and developing the combined Puffy Lake and Nokomis properties (the "Maverick Gold Project"). The Company plans to upgrade and expand the historic resources at the Maverick Gold Project and bring the Puffy Lake Mine back into production. The Puffy Lake Mine includes a 1,000 tpd flotation mill, a developed underground ramp to 130 metres depth, is road accessible and close to existing mining infrastructure. In 1993, Kilborn Engineering Pacific Ltd. estimated that the property contained probable resources of 1,346,200 tonnes of mineralization @ 8.57 g/t Au and possible resources of 833,700 tonnes @ 7.15 g/t Au. The resource was estimated as part of a 1993 feasibility study prepared for Pioneer Metals and uses a cut-off grade of 3.5 g/t Au and a minimum mining width of 1.2 metres. The Maverick Gold Project is located in the Flin Flon Greenstone Belt of Central Manitoba.
NI 43-101: A qualified person has not done sufficient work to verify the historical resource estimates at Puffy Lake and Nokomis. These historic estimates predate NI 43-101, are not compliant with current definitions, have not been verified by the company and consequently should not be relied on by investors. The historical estimates are provided as an indication of historically reported estimates.
Qualified Person
The Company’s Qualified Person (“QP”) for the drill program at the Maverick Gold Project is Bruce Mackie, P.Geo. As QP, Mr. Mackie has prepared or supervised the preparation of the scientific or technical information for the property and has verified the data disclosed in this press release.
Sample Preparation, Analyses and Security
The assay and sample information as well as geological descriptions are taken from drill logs as prepared by the project geologists for the drill program. All drill cores are NQTW in size and assays are completed on split or sawed half-cores, with the second half of the core kept for future reference. The samples are put into rice bags which are sealed with security locks for shipping directly to Accurassay Laboratories, an accredited assay laboratory, in Thunder Bay, Ontario. The samples are analysed using standard fire assay procedures with an AA/ICP finish, using 50g aliquots. Assay results greater than 2.50 gram per tonne will be rerun using a gravimetric finish. In addition to the standard quality control of the laboratory, a series of blanks and standards are inserted in every shipment for quality control purposes.
For more information, please contact:
Auriga Gold Corp. Dr. Richard H. Sutcliffe, President and CEO Alison Tullis, Manager, Investor Relations Phone: 416-214-2785
info@aurigagold.ca http://www.aurigagold.ca
Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and
services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be achieved nor that the proposed operations will be economically viable.
Neither 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.
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