Agoracom: Small Cap Investment - Aurcrest Gold - Re: "Update" NR shortly I would think?

Drill ready Gold projects

2nd largest land package - Red Lake Mining District & promising properties in the "Ring of Fire"

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"Update" NR shortly I would think?

alteridem

Sep 06, 2011 12:07PM

Re: "Update" NR shortly I would think?

Cinema Show

Sep 15, 2011 03:59PM

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Re: "Update" NR shortly I would think?

in response to

Re: "Update" NR shortly I would think?

Cinema Show

posted on Sep 15, 2011 04:59PM

I spoke with Ian today. They are just completing the geophysics (newer/stronger ground IP) and have contracted a company called CCIC to do the 3D modelling.

This fall or early winter they will start to drill.

They are adjacent to Gold Canyon who have announced a gold discovery. Gold Canyon has 94M shares out and are trading at $3.00. A year ago they were under $1.00.

By comparison Aurcrest has 33M shares outstanding and is trading at $.165.

In 1988 the Northern Miner ran an article saying that a company called Golden Terrace had discovered 180,000 oz of Gold on what is now the Aurcrest property.