Augen Gold Founder and CEO, David Mason, To Resign
26 8월 2011 - 5:29PM
Marketwired
The Board of Directors of Augen Gold Corp. ("Augen Gold" or the
"Company") (TSX VENTURE: GLD) announces with regret the resignation
of J. David Mason, founder, president, and CEO of Augen Gold, as
director and officer of the Company, effective immediately.
Mr. Carmelo Marrelli, Augen Gold's CFO, will act as interim
Chief Operating Officer of the Company.
The Board wishes to recognize the contribution of Mr. Mason, and
thanks him for his dedication and years of service.
About Augen Gold
Augen Gold is a gold exploration company with 23,685 hectares of
staked and patented mining claims in the Southern Swayze Greenstone
Belt, including the formerly producing Jerome Gold Mine. The claims
cover a 45-kilometre long section of the Ridout Deformation Zone,
believed to be the western extension of the Kirkland Lake/Larder
Lake Break. The geological setting is comparable to the major gold
camps of Timmins and Kirkland Lake, and the claims contain numerous
gold showings that have received very little historical
exploration. Augen Gold is the first company to have assembled such
a coherent ground position. Augen Gold has performed a detailed
airborne geophysical survey over the whole area. The correlation of
many gold showings with geophysical features indicates excellent
potential for the discovery of additional deposits. On July 18,
2011 Augen Gold announced an initial National Instrument 43-101 -
Standards of Disclosure for Mineral Projects ("NI 43-101")
compliant Mineral Resource estimate at Augen Gold's Jerome Mine
Project outlining a 1.03 million ounce Inferred gold resource (18.7
million tonnes grading 1.7 g/t) at a cutoff grade of 0.3 g/t. The
Company's objectives are to aggressively explore the gold showings
that correlate with geophysical anomalies, continue resource
definition at the Jerome Mine, and to expand its property portfolio
with highly prospective mineral assets.
For more information on the Southern Swayze Project, please
refer to the Company's NI 43-101 compliant technical report
"Amended and Restated Technical Report on the Augen Gold Corp.
Claims, Porcupine Mining Division, District of Sudbury, Ontario,
Canada" (effective April 8, 2008, available on the Company's
profile at www.sedar.com, along with the Company's other continuous
disclosure documents).
The information contained in this news release has been approved
by Augen Gold's Project Geologist, Gordon McRoberts, P.Geo., who is
a Qualified Person as defined in NI 43-101.
For more information on Augen Gold, visit our website at
www.augengold.ca.
Follow our blog at www.augengold.wordpress.com, and follow us on
www.twitter.com (#augengoldcorp).
This news release contains forward-looking statements. These
statements are based on information currently available to the
Company and the Company provides no assurance that actual results
will meet management's expectations. Forward-looking statements
include estimates and statements that describe the Company's future
plans, objectives or goals, including words to the effect that the
Company or management expects a stated condition or result to
occur. Forward-looking statements may be identified by such terms
as "believes", "anticipates", "expects", "estimates", "may",
"could", "would", "will", or "plan". Since forward-looking
statements are based on assumptions and address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. Actual results relating to, among other things,
results of exploration, project development, reclamation and
capital costs of the Company's mineral properties, and the
Company's financial condition and prospects, could differ
materially from those currently anticipated in such statements for
many reasons such as: changes in general economic conditions and
conditions in the financial markets; changes in demand and prices
for minerals; litigation, legislative, environmental and other
judicial, regulatory, political and competitive developments;
technological and operational difficulties encountered in
connection with the activities of the Company; and other matters
discussed in this news release. This list is not exhaustive of the
factors that may affect any of the Company's forward-looking
statements. These and other factors should be considered carefully
and readers should not place undue reliance on the Company's
forward-looking statements. The Company does not undertake to
update any forward-looking statement that may be made from time to
time by the Company or on its behalf, except in accordance with
applicable securities laws.
Shares outstanding: 148,373,202
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.
Contacts: Augen Gold Corp. Robin M. Sundstrom Strategy and
Communications 647-822-8111 robin@augengold.ca www.augengold.ca
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