Auriga Gold Reports High-Grade Gold Intersections from Nokomis Deposit, Maverick Gold Project, Manitoba, Including Uncut Valu...

Auriga Gold Corp. (TSX VENTURE:AIA) ("Auriga Gold" or the "Company") today
reports high grade gold intersections from initial drill results from the
Nokomis deposit, Maverick Gold Project, Manitoba. Intersections included A4-02
with 7.63 meters grading 9.22 g/t gold (cut to 2 troy ounces/tonne), hole A4-03
with 5.20 m grading 12.27 g/t gold, hole A4-11 with 6.43 m grading 5.10 g/t
gold, hole A4-12 with 5.55 m grading 9.55 g/t (cut). Uncut results included an
assay of 1,830 g/t over 0.5 m in hole A4-02. The Nokomis deposit is located 7 km
northeast of the Company's Puffy lake deposit and 1,000 tpd on-site mill with
related infrastructure. 


Richard Sutcliffe, Auriga Gold's President and CEO commented, "We are extremely
pleased with the initial results of drilling at the Nokomis deposit. We have
encountered some spectacular gold grades and wide intervals of mineralization.
All of the intersections reported here are at depths of 63 meters or less and
will be potentially amenable to open pit mining. The Nokomis deposit displays
consistently wider intercepts than the adjacent Puffy Lake deposit and
demonstrates the significant potential of the regional gold mineralized
structure on the north boundary of the Flin Flon greenstone belt."




---------------------------------------------------------------------------
                  MAVERICK GOLD PROJECT - NOKOMIS DEPOSIT                  
---------------------------------------------------------------------------
                       SUMMARY OF SIGNIFICANT ASSAYS                       
---------------------------------------------------------------------------
                                      FROM           WIDTH      Au   Cut Au
HOLE   EASTING NORTHING   AZ  INCL     (m)  TO (m)     (m)   (gpt) (gpt)(i)
---------------------------------------------------------------------------
A4-01   380144  6104099  360   -90   51.79   59.06    7.27    1.91         
---------------------------------------------------------------------------
A4-02   380144  6104099  300   -60   39.85   47.48    7.63  125.08     9.22
---------------------------------------------------------------------------
incl.                                45.35   46.48    1.13  820.28    37.94
---------------------------------------------------------------------------
incl.                                45.35   45.85    0.50 1830.27         
---------------------------------------------------------------------------
A4-03   380076  6104066  360   -90    8.74   13.94    5.20   12.27         
---------------------------------------------------------------------------
A4-04   380104  6104054  360   -90   31.20   35.81    4.61    2.95         
---------------------------------------------------------------------------
A4-11   380156  6104073  300   -85   56.76   63.19    6.43    5.10         
---------------------------------------------------------------------------
A4-12   380156  6104073  300   -50   48.81   54.36    5.55    9.65     9.62
---------------------------------------------------------------------------
incl.                                50.31   52.84    2.53   18.85    18.83
---------------------------------------------------------------------------
incl.                                51.81   52.34    0.53   62.23         
---------------------------------------------------------------------------
Note: true intercept widths are currently estimated at 80-95% of drilled   
widths. (i)Cut to 2.0 troy oz/tonne. Hole numbers at Maverick Gold have not
necessarily been drilled or sampled sequentially.                          
---------------------------------------------------------------------------



The company has recently completed a 19 hole program for a total of
approximately 1,300 meters at the Nokomis deposit. Further assay results are
pending. A plan section showing the location of the Nokomis deposit diamond
drill holes is available on the Company's website at:
http://www.aurigagold.ca/s/maverickgold.asp. 


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.


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 BQTW 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.
(TSXV:AIA)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024