Lupita Gold Deposit up to 540000 ouncesFrom the NR 2005-11
POSSIBLE DEPOSIT SIZE
While the current database is not detailed enough to quantify gold resources as defined in National Instrument 43-101, Aurogin management believes drill results have identified the potential for the area to host a possible mineral deposit on which, with additional detailed exploration drilling, a NI 43-101 compliant resource estimate can be prepared. The mineralized target reported here is open for extension both along strike and at depth. There is a high probability that the size of the possible mineral deposit can be increased significantly by additional drilling. The deposit, which was drilled by Goldfields Mining and Radius Gold Inc. between 2001 and 2003, has drill intercepts as follows: LWRC#1 – 25.9m @ 2.09g/t Au, LWRC#2 – 61.0m @ 1.28g/t Au, LWRC#3– 69.8m @ 1.00g/t Au, LWRC#4 – 135.6m @ 1.22g/t Au, LWRC#6 – 18.3m @ 1.39g/t Au, and LWRC#7 – 149.3m @ 0.77g/t Au.