Auriga Gold has announced the 2011 autumn drilling results from its Maverick gold project. High-grade mineralization is continuously expanded in the Puffy Lake deposit’s north portion, through drilling.
The company has intersected 158.45 g/t gold over 0.46 m and 47.21 g/t gold over 1.69 m in the drill hole A3-81 at 98.8 m depth, 29.61 g/t gold over 0.50 m and 7.55 g/t gold over 6.23 m in the hole A3-84, which is drilled 50 m towards the northwest part of hole A3-81.
A Preliminary Economic Assessment was completed for the Maverick gold project in December 2011. The Nokomis deposit, Puffy Lake mine, on-site mill, and mining claims enclosing 6,640 hectares, which were acquired recently, are included in this project.
The holes A3-71, 72, 73, 76, 81, 84, and 86 have examined the near-surface underground mineralization that is down-dip from the north starter pit, during the new drill program. Significant intercepts were found in all the holes, excluding A3-73. The company drilled four near-surface holes to examine the southern starter pit’s expansion but found no considerable values. Low-grade, narrow mineralization was intersected by two holes A3-50 and 62 on the Sherridan starter pit.
The company will continue the exploration drilling at the Maverick Gold project throughout the winter and plans to extend and improve the current NI 43-101 resources. A 1,500 m of drilling has been planned at the Nokomis deposit. The company will specifically test the shallow mineralization and will also construct a winter road to access the Nokomis deposit. Auriga Gold is expecting to start drilling in February 2012.