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.