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Auriga Gold Reports Autumn Drilling Results from Maverick Gold Project

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.

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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