Auric Mining Corp. (PINK SHEETS: AUMY) (the “Company”) announces that at present the company mainly focuses on start of work projects on its property known as the Dog Lake project, located near Wawa in the “Canadian Shield” Northern Ontario, Canada. Auric has a joint venture agreement for an interest group of mineral rights located in Dog Lake Project. Previous exploration in the Wawa area has resulted in the discovery of numerous deposits of small diamonds in Archean metamorphosed basement rocks.
Canada continues to be a dominant player in the world in diamond production, and now account for 15% of the global offer, which includes the country third in the world. Canada’s diamond industry has grown rapidly and has grown into a $ 1,700,000,000 industry with all indicators point to the potential for future growth. It is currently estimated that over 45% of the World Diamond exploration is being conducted in Canada.
Many companies are active in the fertile area to date including Wawa Dianor, who has discovered rocks with encouraging figures and stone size distribution directly south of the Mori-Metalex ground. Island Gold mine has proven and probable reserves of 1,013,854 tons at a grade of 8.55 g / t gold for a total of 278 711 ounces of gold (NI 43-101 compliant report GENIVAR). Project has measured and additional resources at a rate of 454,705 tons of 10.26 g / t for a total of 149,972 ounces (NI 43-101 compliant report GENIVAR). Just north of Wawa, several companies have found significant quantities of the gems in an unusual host rock: the old volcanoes that characterize the region.
This unique discoveries have aroused interest from two of the world’s largest producers of diamonds. Kennecott Canada Exploration, the Canadian exploration arm of Rio Tinto, which recently inked a rich option agreement with the band of Ore Resources (BAN-T) which allows the size of a 70% interest in GQ junior’s Diamond building earn, 15 km north of Wawa, in exchange for the expenditure of $ 15,000,000 over seven years. Meanwhile, De Beers is processing a 455kg sample from the neighboring property from Pele Mountain Resources Festival (YPN-V). Now that the unusual rocks which host these events are reasonably well characterized and continuous overload Stripping has exposed new foundation, finding diamonds in the Wawa area has become an almost commonplace.
Auric is planning an extensive exploration program this summer, which includes prospecting, sampling, geophysics and the only reason a test program to be implemented over a period of approximately two months. There are also many interesting targets for the dog to determine the Company’s Lake property, which may result in additional soil is sampled and used as the Bird Twp program next to the company’s property located nets strong results in the coming months. Golden Chalice Diamond and its subsidiaries were planning a major anomaly in the spring and tires on their properties to the west border Auric Dog Lake area and the drilling and the potential for base and precious minerals in bulk. Other companies, such as West Dome, Golden Goose, Richmond, and Spider Resources will also be active in the area prospectors for gold this summer in a geological trend of east and west, with a north-south splay. It promises to be a busy summer in the area and the management of Auric will monitor these projects closely cooperate.
About Auric Mining Corp.: Auric Mining Company (Auric or the Company) is an investment and management that focuses on mining and natural resource projects. The company utilizes its resources by investing in ongoing projects immediate cash flow for the company to identify and determine the profitability for shareholders. Auric implementing an extensive investigation by a large number of databases of public natural resource companies already proven significant findings. Auric will invest in these companies in exchange for shares and revenue sharing. The company is constantly looking for acquisition opportunities with significant exploration upside in the form of entire companies or packages of assets that a distinct possibility of hosting base and precious metal mineralization offer. The company has an unparalleled ability to identify successful projects and mineral uses a field-oriented leadership style with a flat organizational structure. The company is currently focused on developing its properties in the Wawa area from the Sault Ste. Marie Mining District in Ontario. Besides its productive history of gold mining has concentrated Wawa promising signs of a kimberlitic indicators favorable geological formation for diamond exploration. The company has a number of claims strategically located in this historic mining district. We have made considerable efforts to our shareholders and potential investors to ensure that the properties we explore deserve investment of time, effort and financial commitment required for successful production of mineral adopt in the future. For more information, visit www.auricminingcorp.com
Forward-looking statements:
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 – forward-looking statements regarding plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements that are other than statements of historical facts search. These statements are subject to risks and uncertainties, including but not limited to, product and service demand and acceptance, changes in technology and in economic, political and regulatory conditions and all of the risks generally associated with a company in the first phase Auric Mining development. All such forward-looking statements, whether written or oral, and whether by or on behalf of the Company, are expressly qualified by these cautionary statements. Moreover, the company has no obligation to update any forward-looking statements to reflect events or circumstances after the date.
For more information contact:
Auric Mining Co.
Phone: 1-810-320-5031
E-mail: info@auricminingcorp.com
http://Auricminingcorp.com
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