More drill results / Nokomis resource est coming Good possibility of low cost open pit at Nokomis.......
Apr 30, 2012
Auriga Gold Continues to Expand Mineralization at Puffy and Nokomis Deposits, Manitoba; Engages A.C.A Howe to Complete Nokomis Resource Estimate
TORONTO, ONTARIO -- April 30, 2012 - Auriga Gold Corp. (
TSX-V: AIA) ("
Auriga" or the "
Company") announces additional drilling results from the Nokomis and Puffy Deposits on the Maverick Gold Project ("Maverick Gold"), located 65 km northeast of Flin Flon, Manitoba. Auriga's drilling at Nokomis will be used along with drill holes by previous operators to complete an initial NI43-101 resource estimate expected in the third quarter of 2012. A.C.A. Howe International Inc. has been engaged to complete the study.
Intersections at the Nokomis Deposit include A4-18 with two 1.0 m intersects of 13.72 and 11.64 g/t gold, A4-14 with 6.0 m of 2.79 g/t gold, and hole A4-16 with 1.46 m of 4.89 g/t Au. Previous assays included A4-02 with 7.63 m of 125.1g/t gold (see March 1, 2012 release). At the Puffy Deposit, Auriga intersected multi-ounce gold, over narrow intercepts at the south end of the deposit. Assays on additional holes from the winter program at the Puffy deposit are pending.
Richard Sutcliffe, Auriga's CEO stated, "The Nokomis drilling has defined a zone of consistent near-surface high-grade mineralization. Following a NI43-101 resource estimate, the Company plans to evaluate the deposit for open pit mining as part of a strategy of defining low-cost shallow resources on the Maverick mineralized trend. The Nokomis Deposit is located only 7 km northeast of the Maverick mill and could potentially contribute significantly more near surface ore for our proposed mining operation evaluated in the preliminary economic assessment. "
| Maverick Gold Project -- Puffy and Nokomis Deposits |
| HOLE ID |
EASTING |
NORTHING |
ELEV |
AZIMUTH |
DIP |
FROM |
TO (m) |
INTERVAL (m) |
AU GPT |
| PUFFY PROPOSED PIT 1 SOUTH EXTENSION |
| A3-93 |
373622 |
6099873 |
345 |
235 |
-55 |
no significant assays |
| A3-94 |
373620 |
6099905 |
345 |
360 |
-90 |
51.50 |
51.75 |
0.25 |
94.35 |
| A3-95 |
373620 |
6099905 |
345 |
235 |
-55 |
47.86 |
47.99 |
0.13 |
48.68 |
| A3-96 |
373578 |
6099875 |
345 |
360 |
-90 |
no significant assays |
| NOKOMIS DEPOSIT |
| A4-05 |
380009 |
6103913 |
320 |
300 |
-85 |
no significant assays |
| A4-06 |
380009 |
6103934 |
320 |
360 |
-90 |
35.79 |
38.54 |
2.75 |
1.12 |
| A4-07 |
380040 |
6103930 |
320 |
360 |
-90 |
53.42 |
56.11 |
2.69 |
1.04 |
| A4-09 |
380079 |
6103966 |
320 |
360 |
-90 |
27.14 |
28.14 |
1.00 |
0.94 |
| A4-10 |
380091 |
6103989 |
320 |
360 |
-90 |
39.06 |
40.12 |
1.06 |
5.46 |
| A4-14 |
380142 |
6104134 |
320 |
360 |
-90 |
35.39 |
41.39 |
6.00 |
2.79 |
| A4-15 |
380156 |
6104178 |
320 |
360 |
-90 |
44.05 |
46.05 |
2.00 |
1.81 |
| A4-16 |
379997 |
6103960 |
320 |
360 |
-90 |
25.29 |
26.75 |
1.46 |
4.89 |
| A4-17 |
380020 |
6103979 |
320 |
360 |
-90 |
19.81 |
28.29 |
8.48 |
1.18 |
| A4-18 |
380220 |
6103925 |
320 |
360 |
-90 |
166.95 |
167.95 |
1.00 |
13.72 |
| and |
|
|
|
|
|
171.80 |
172.80 |
1.00 |
11.64 |
| A4-19 |
380235 |
6103998 |
320 |
360 |
-90 |
149.58 |
150.58 |
1.00 |
8.25 |
The results reported in this release complete the confirmation drilling program at the Nokomis Deposit with 19 drill holes for a total of 1300 m. Drill holes all intersected mineralization except for hole A4-05, which encountered a post-mineralization dyke. Holes A4-05 to 17 tested the shallow upper zone of mineralization. Holes A4-18 and 19 successfully confirmed the offset down dip extension of the Nokomis Deposit.
For detailed drill hole location maps for both the Puffy and Nokomis deposits, as well as updated images of the Puffy Lake Mill, please visit
www.aurigagold.ca.