Frankfurt: WKN: A1H66Z
Canada: AIA TSX-V Market Capitalization $13.4 M
Shares Outstanding 33.5 M
Warrants and Options 19.7 M
Shares Fully Diluted 53.2 M
Major Shareholders Pioneer Metals (Barrick) 4.0 M
Officers and Directors 2.5 M
Xstrata Canada 1.3 M
http://www.aurigagold.ca http://www.aurigagold.ca/i/pdf/Profile.pdf http://www.aurigagold.ca/i/pdf/FactSheet.pdf AURIGA
GOLD PROJECTS Maverick Gold Project
• 600,000 ounces Au (Non-NI 43-101)
• Upgrading and expanding historic gold resources
• Historical (pre NI 43-101) resources:
– Underground: 2,229,895 tonnes containing
543,352 oz Au at 8 g/t;
– Open Pit: 10,045,493 tonnes containing
867,195 oz Au at 2.7 g/t
Mokoman Copper-Gold Property • 100% owned claims, subject to 1.5% NSR royalty
• 1,500 ha property
• Historic resources of 6.0 million tonnes at 0.90% Cu
and 0.18 g/t Au (Non NI 43-101)
Fox River PGM-Nickel-Copper Properties • Various licenses/claims 75-100% owned, subject to
NSR and back in right
• High potential for PGMs + Ni/Cu – Great Falls zone
with grab samples up to 5 g/t Pt-Pd+Au, 1.1% Ni and
2.3 % Cu
Auriga Gold Corp. (
AIA:TSXV) is a Canadian gold company
with properties in the Flin Flon greenstone belt,
Manitoba, Canada, where there is a long history of
mining, good infrastructure and government support.
Highlights
• Near surface resources and onsite 1000 tpd mill
• Existing ramp to underground workings
• Exploring additional targets at Puffy and Nokomis
• Favourable location (Canadian greenstone belt)
• Solid mine development experience
• Near term gold production
1. Measured, Indicated and Inferred Resources; 2. Historical pre 43-101 Resource estimate.
Auriga drills 2.5 m of 11.99 g/t Au at Maverick 2011-03-07 14:14 ET - News Release
Dr. Richard Sutcliffe reports
AURIGA GOLD'S INITIAL DRILLING AT MAVERICK GOLD PROJECT, MANITOBA, INTERSECTS PARALLEL ZONES OF HIGH GRADE GOLD MINERALIZATION
Auriga Gold Corp.'s initial drilling at its Maverick gold project has intersected several parallel zones of high-grade gold mineralization including intersections of 11.99 grams per tonne gold over 2.50 metres,
65.42 g/t gold over 0.5 metre and 18.65 g/t gold over 0.84 metre. The Maverick gold project, located 65 kilometres northeast of Flin Flon, Man., includes the past-producing Puffy Lake mine and the adjacent Nokomis property.
Richard Sutcliffe, Auriga Gold's president and chief executive officer, stated: "We are very pleased to receive these encouraging results from our initial assays at the Maverick gold property. While our focus will initially be on drilling to confirm and extend the resource, this property has excellent location and infrastructure, and we anticipate an opportunity to quickly establish a mine development plan at Maverick gold."
Diamond drill holes A3-01, 05 and 06 are part of the phase 1 confirmation drilling program that commenced in December, 2010, and are the first three holes for which assay results have been received. All three drill holes intersected high-grade gold mineralization associated with quartz veins and silicification within the host rocks. This drilling confirms several parallel gold-mineralized zones that dip toward the northeast at approximately 30 degrees. Phase 1 is a 15-hole, 3,350-metre 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 remaining holes are pending. The phase 2 program has recently commenced and includes 32 planned drill holes for a total of 1,600 metres to test the potential of shallow open-pit mining of the mineralized vein system.
MAVERICK GOLD PROJECT -- PUFFY LAKE PROPERTY
SUMMARY OF SIGNIFICANT ASSAYS
Hole From (m) To (m) Length (m) Gold g/t
A3-01 245.20 245.70 0.50 3.71
and 247.20 247.70 0.50 8.17
and 251.25 251.75 0.50 28.79
A3-05 52.77 55.27 2.50 11.99
incl. 53.27 53.77 0.50 52.61
and 80.69 81.19 0.50 65.42
and 90.97 92.40 1.43 5.73
A3-06 8.77 9.61 0.84 18.65
and 35.16 35.41 0.25 11.23
and(i) 52.21 52.96 0.75 4.18
Note: True widths are currently estimated at
85 to 90 per cent of drilled widths.
(i) only partial assays received to date
A plan section showing the location of the diamond drill holes in relation to historical reserve blocks is available on the company's website.
The company announces that it has granted an aggregate of 400,000 options to purchase common shares of the company exercisable at a price of 30 cents per share for a period of five years, to certain independent consultants of the company.
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, PGeo. 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, Ont. The samples are analysed using standard fire-assay procedures with an AA/ICP finish, using 50-gram aliquots. Assay results greater than 2.50 grams per tonne were 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.
We seek Safe Harbor.
Auriga drills 2.5 m of 11.99 g/t Au at Maverick 2011-03-07 14:14 ET - News Release
Dr. Richard Sutcliffe reports
AURIGA GOLD'S INITIAL DRILLING AT MAVERICK GOLD PROJECT, MANITOBA, INTERSECTS PARALLEL ZONES OF HIGH GRADE GOLD MINERALIZATION
Auriga Gold Corp.'s initial drilling at its Maverick gold project has intersected several parallel zones of high-grade gold mineralization including intersections of 11.99 grams per tonne gold over 2.50 metres, 65.42 g/t gold over 0.5 metre and 18.65 g/t gold over 0.84 metre. The Maverick gold project, located 65 kilometres northeast of Flin Flon, Man., includes the past-producing Puffy Lake mine and the adjacent Nokomis property.
Richard Sutcliffe, Auriga Gold's president and chief executive officer, stated: "We are very pleased to receive these encouraging results from our initial assays at the Maverick gold property. While our focus will initially be on drilling to confirm and extend the resource, this property has excellent location and infrastructure, and we anticipate an opportunity to quickly establish a mine development plan at Maverick gold."
Diamond drill holes A3-01, 05 and 06 are part of the phase 1 confirmation drilling program that commenced in December, 2010, and are the first three holes for which assay results have been received. All three drill holes intersected high-grade gold mineralization associated with quartz veins and silicification within the host rocks. This drilling confirms several parallel gold-mineralized zones that dip toward the northeast at approximately 30 degrees. Phase 1 is a 15-hole, 3,350-metre 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 remaining holes are pending. The phase 2 program has recently commenced and includes 32 planned drill holes for a total of 1,600 metres to test the potential of shallow open-pit mining of the mineralized vein system.
MAVERICK GOLD PROJECT -- PUFFY LAKE PROPERTY
SUMMARY OF SIGNIFICANT ASSAYS
Hole From (m) To (m) Length (m) Gold g/t
A3-01 245.20 245.70 0.50 3.71
and 247.20 247.70 0.50 8.17
and 251.25 251.75 0.50 28.79
A3-05 52.77 55.27 2.50 11.99
incl. 53.27 53.77 0.50 52.61
and 80.69 81.19 0.50 65.42
and 90.97 92.40 1.43 5.73
A3-06 8.77 9.61 0.84 18.65
and 35.16 35.41 0.25 11.23
and(i) 52.21 52.96 0.75 4.18
Note: True widths are currently estimated at
85 to 90 per cent of drilled widths.
(i) only partial assays received to date
A plan section showing the location of the diamond drill holes in relation to historical reserve blocks is available on the company's website.
The company announces that it has granted an aggregate of 400,000 options to purchase common shares of the company exercisable at a price of 30 cents per share for a period of five years, to certain independent consultants of the company.
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, PGeo. 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, Ont. The samples are analysed using standard fire-assay procedures with an AA/ICP finish, using 50-gram aliquots. Assay results greater than 2.50 grams per tonne were 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.
We seek Safe Harbor.
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