posted in:

Auriga Gold Corporate and Maverick Gold project update

Monday, Dec 03, 2012

Auriga Gold Corp. (TSX VENTURE:AIA) ("Auriga Gold" or the "Company") is pleased to provide an update on our Maverick Gold Project and other corporate developments.

Maverick Gold Project - Exploration and Development

Auriga is now in receipt of all outstanding assays, including gravimetrics and metallics which were run on higher grade core samples, taken during the 2011/12 diamond drill program.

Results from holes A3-100 to A3-114 into the PL deposit are encouraging and confirm the north eastern extension of gold mineralization beyond the current mine plan. Highlights include 48.33 gpt /0.9 metres in Hole A3-100 and 11.38 gpt /1.5 metres holes A3-105.

Maverick Gold Project - Future Exploration

Management and consultants to the company believe there is significant untested exploration potential on the MGP. We have completed a detailed review of the highly prospective mine stratigraphy in conjunction with results of a VTEM survey completed earlier this year and have identified a number of significant and previously untested conductive anomalies located close to existing mineralization at the PL and Nokomis deposits and along strike.

Source: Marketwire 

posted in:

Other Mining News

Ore grades spike in North Raise area of LKA's Golden wonder mine 21-04-2014
Marathon completes successful sprite zone winter drilling program, Valentine Lake property 18-04-2014
Aureus Mining Inc. - appointment of MonuRent to provide and maintain fleet for owner mining operation at the New Liberty Gold Project in Liberia 18-04-2014
Vista Gold Corp. announces option agreement on the Guadalupe de los Reyes project 16-04-2014
Ivanhoe Mines' drilling program extends depths of rich zinc and copper zones at the Kipushi Mine in D.R. Congo 16-04-2014
Vorkutaugol to commission 11 new coal faces across its mines in 2014 16-04-2014
Vanstar updates on Liam drilling 15-04-2014
Lakeland Resources Inc. acquires 5 new uranium properties in the Athabasca Basin 14-04-2014
Comstock Mining provides update 11-04-2014
Sierra Mining Limited announces registration of scheme booklet 11-04-2014

Advertisers