Welcome To The Augen Gold HUB On AGORACOM

Building shareholder value by confirming a historic resource and expanding that resource with the aim of becoming a producing gold company

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Message: The more I learn about this play ...

The more I learn about this play ...

posted on Jul 10, 2008 09:34PM

... the more I like it. The company has 24,042 hectares of gold claims in Northern Ontario, which includes one past-producing gold mine (The Jerome Mine). It lies in the Swayze Greenstone Belt.

This property has road access and has the potential for an open-pit mining operation, so it would not need a high grade to make it economically feasible.

The Jerome Mine operated between 1940 and 1942, producing 56,200 ounces of gold and 15,600 ounces of silver. Subsequent surface and underground exploration programs performed up until 1989 expanded "probable and possible" resource estimates to 577,495 tons with a grade of 0.20 oz/ton Au (non-NI 43-101 compliant).

The first two holes of its 2008 drill program included an intersection of 3.60 metres grading 31.32 g/t Au.

There are just 25 million shares outstanding



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