Dec 7 2010
Augen Gold Corp. (TSX VENTURE:GLD) announced that it is starting a 13-hole, 3,000-metre drilling program in the eastern part of its South Swayze Property located near the Cote Lake gold deposit, the promising new gold discovery of Trelawney Mining and Exploration Inc.
The focus of the drilling will be Soil Gas Hydrocarbon (SGH) anomalies potentially indicative of gold mineralization, I. P. chargeability anomalies, and sulphide-bearing zones exposed by mechanical stripping of outcrop.
There are numerous chargeability anomalies within or adjacent to anomalous gold SGH (in pink) and near grab samples with anomalous gold. Also note the trench on TRR's claims, 50 metres SE of our claim 3010943. This is reputed to be high grade and the trend can be picked up on Augen Gold's claims for a distance of more than one kilometer," said J. David Mason, President and CEO of Augen Gold.
Augen Gold has been successful in raising approximately $9.1 million in 2010 and is focused on achieving its exploration milestones. Since inception in October 2006, the Company has raised more than $20 million for the South Swayze Project.
The information contained in this news release has been prepared by Augen Gold's Project Geologist, Gordon McRoberts, P.Geo., who is a Qualified Person for the Company's Jerome Project under the definitions established by National Instrument 43-101. The potential quantities and grades disclosed herein are conceptual in nature and there has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in the target being delineated as a mineral resource.