Samples reporting more than 10 g/t Au
Of course the area plays near Augen Gold will be a roaring success all on their own.
WEST COTE
"As an additional update," added Mr. Mason, "We are seeing one trend at the West Cote Lake Grid in particular, very close to Trelawney, which we are currently testing. The West Cote Lake Grid is one of at least four important targets within the Augen Gold's South Swayze Property. It contains several trends which could be prolific and warrants an intensive drill program of more than 30 drill holes to 250 metres or deeper."
Readers are encouraged to refer to the maps titled "West Cote Lake Grid DDH Location Map", "Auriferous Trends North Shore Opeepeesway" and "North Shore Grid with DDH Locations (Assays Pending) & Future DDH Locations" posted on Augen Gold's website, www.augengold.ca for more information.
Gold in drill core samples was determined at ALS Laboratory Group by fire assay AAS on 30 gram charges. Samples reporting more than 10 g/t Au were re-analyzed by the fire assay-gravimetric method, also using 30 gram charges. Drilling was performed at a dip of 45 degrees and therefore true width would be reduced to 75%.
Since inception in October 2006, Augen Gold has raised more than $25 million for the South Swayze Project.
About Augen Gold
Augen Gold is a gold exploration company with 23,685 hectares of staked and patented mining claims in the Southern Swayze Greenstone Belt, including the formerly producing Jerome Gold Mine. The claims cover a 45-kilometre long section of the Ridout Deformation Zone, believed to be the western extension of the Kirkland Lake/Larder Lake Break. The geological setting is comparable to the major gold camps of Timmins and Kirkland Lake, and the claims contain numerous gold showings that have received very little historical exploration. Augen Gold is the first company to have assembled such a coherent ground position. Augen Gold has performed a detailed airborne geophysical survey over the whole area, and its sampling program has confirmed the historically reported gold values. The correlation of many gold showings with geophysical features indicates excellent potential for the discovery of additional deposits. The Company's objectives are to aggressively explore the gold showings that correlate with geophysical anomalies, continue resource definition at the Jerome Mine, and to expand its property portfolio with highly prospective mineral assets.