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AuQ Gold Mining Inc AUQ


Primary Symbol: V.AUQ Alternate Symbol(s):  NSVLF

AuQ Gold Mining Inc. is a Canada-based mineral exploration company. It is engaged in the acquisition, exploration and development of mineral property assets in Canada. Its Lac Bruce lithium properties are located in the vicinity of the Mia Li-1 and Mia Li-2 lithium occurrences in the James Bay region of Northern Quebec. Its West Block comprises 61 claims covering over 3,150 hectares (31.5 square kilometers (km2)). Its Central Block comprises 46 claims covering over 2,380 hectares (23.8 km2). Its East Block comprises 26 claims covering over 1,340 hectares (13.40 km2). Its Partridge gold project is located in the Abitibi region of northwestern Quebec, over 25 kilometers (km) north-northwest of the town of La Sarre and 720 km northwest of Montreal. Partridge gold project comprises several claims’ blocks covering over 106 km2. Its Eliza is located in the James Bay region of northwestern Quebec, over 300 km north of Matagami, 500 km north of Val d’Or and 820 km northwest of Montreal.


TSXV:AUQ - Post by User

Bullboard Posts
Comment by calebmaron Mar 05, 2007 6:12pm
123 Views
Post# 12359473

RE: Let me try to understand this..

RE: Let me try to understand this..Looking at the News again it shows over 1million ounces measured or indicated for MGM and only 24000 ounces for AUQ. Inferred are basically equal at just over 400k each. Based on this, you would have to assume that AUQ still expects to increase its reserves significantly and the new resource estimates due out wont be as bad as some are beginning to think. If they are then perhaps MGM are the ones who got the short end, as AUQ shareholders would be getting 1 million additional ounces and all they had to do was fund the start up for a few million. Maybe I am missing something. Long term the deal may be good for both sides. Time will tell
Bullboard Posts