Auric Mining Company (Auric or the Company) is doing business as an investment company in mining and natural resources projects. The Company continues to focus its resources on investing in attractive projects with the objective of establishing ongoing cash-flow and provide profitability for its shareholders.
Auric has researched through numerous databases of private and public natural resources companies which have substantial findings already proven. Auric will either purchase, joint venture or invest in these companies. The Company is constantly seeking acquisition opportunities with significant exploration upside in the form of entire companies or packages of assets that provide an undeniable possibility of hosting base and precious metal mineralization. With unparalleled instincts for successful mineral projects, a field-oriented management style and a flat organizational structure, the Company has an ability to concentrate its financial assets, human resources and field efforts to provide timely decisions and a continued focus on the most prospective targets.
The company is currently focused on developing its properties in the Wawa area of the Sault Ste. Marie Mining District in Ontario and its previously explored mineral property in Saskatchewan, known as the "Dolly Gold Showing." In addition to its prolific history for gold mining, Wawa has shown promising signs of concentrated kimberlite indicators, a favorable geological formation for diamond exploration. The company has a number of claims strategically located in this historic mining district. Auric has undertaken significant efforts to assure our shareholders and potential investors that the properties we explore deserve the investment of time, effort and financial commitment necessary to establish successful mineral production in the future.
Transfer Agent
President Stock Transfer
900-850 West Hastings Street
Vancouver, BC, V6C 1E1
604 876 5526
AUMY Security Details
Share Structure
| Market Value1 | $2,987,227 | a/o Apr 20, 2012 |
| Shares Outstanding | 378,129,991 | a/o Mar 30, 2012 |
| Float | 118,116,343 | a/o Mar 30, 2012 |
| Authorized Shares | 1,025,000,000 | a/o Mar 30, 2012 |
| Par Value | 0.001 |
Shareholders
| Shareholders of Record | 208 | a/o Mar 30, 2012 |
Corporate Actions
| | Ex. Date | Record Date | Pay Date |
| Dividend (0.00) | Apr 25, 2012 | Apr 28, 2012 | |
Security Notes
- New Issue=12-96 2,000,000 shs at $5 by Sands Brothers & Co., Ltd.
- Div. One Intellicell Corp. Warr 12-10-2000 for each 2 shs Com held. Ex-date=12-30-97. Rec date=12-10-97. Pay date=12-29-97
- Capital Change=shs decreased by 1 for 1000 split. Pay date=11/12/2009
|
Financial Reporting/Disclosure | Reporting Status | Alternative Reporting Standard
Deregistered a/o Dec 16, 2009 |
| Audited Financials | Not Available |
| Latest Report | Mar 05, 2012 Annual Report |
| Regulatory Agency | Not Available |
| CIK | 0001025557 |
| Fiscal Year End | 12/31 |
| OTC Market Tier | OTC Pink Current |
Profile Data
| SIC - Industry Classification | 1041 - Gold ores |
| Business Status | Development Stage Company a/o Dec 31, 2007 |
| | Shell |
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| Incorporated In: | DE, USA |
| Year of Inc. | 1994 |
| Employees | Not Available |
Company Officers
| Mike Burke | President |
| Ian Dewar | CFO |
| Michael Lee | Treasurer |
Company Directors
| Mike Clarkson | |
| Michael Lee | |
Company Notes
- Formerly=Focus Affiliates, Inc. until 11-2009
- Formerly=Intellicell Corp. until 10-99
Service Providers
Auditor/Accountant Not Available
Legal Counsel The McGeary Law Firm 405 Airport Fwy
Bedford, TX, 76201
United States
Our Current Porperties
AUMY has released what %-age they own/have optioned of the following properties:
Dolly Gold Showing - Mari Lake Area, Saskatchewan
The Dolly Gold Showing is located approximately 20 air miles Northwest of Flin Flon, Manitoba.
This particular property is located in Saskatchewan. Auric has a joint venture agreement for interest in a group of mineral rights located in Dog Lake Project.
Trenching and minor diamond drilling has been carried out in the past and indicates that the gold mineralization occurs over 330 meters of strike length. The mineralized zone strikes northwest and dips 45 degrees to the northeast. It consists of massive, white glassy, gold bearing quartz veins with associated dissemination's of pyrite, chalcopyrite, molybdenite and tourmaline. The quartz veins are associated with shearing and are interlayered and gradational into the Dolly's granite.
Past Results
During the 1984 prospecting program, the best gold assay from the Dolly Gold Showing was 2.48 oz/ton Au.
The proposed area of staking cover the known mineralization and strike extensions consists of approximately 500 Ha.l (1100 acres) If the Dolly Gold Showing is acquired a grid should be established to cover the known gold mineralization and extend approximately 1 km beyond the showing to the northwest and southeast to cover any possible strike extensions of mineralization. This grid would consist of 3 km of base line and 30 km of section line spaced at 100 meter intervals. This grid would be a control for a ground VLF survey, ground magnetic survey, geological mapping, sampling and any diamond drilling.
Dog Lake Project
Dog Lake Project - Wawa, Ontario
We constantly search for new ideas that can lead to exploration and development programs, and we will evaluate potential new plays in 2009. We are pleased that our first project is the property known as the Dog Lake Project.
This particular property is located in Northern Ontario. Specifically near Wawa, Ontario in the Canadian Shield. Auric has a joint venture agreement for interest in a group of mineral rights located in Dog Lake Project.
Highlights of Previous Work in Region
- Previous exploration in the Wawa has discovered numerous deposits of small diamonds within metamorphosed Archean basement rocks.
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- Dianor has discovered rocks with encouraging grades and stone size distribution directly south of the Mori-Metalex ground.
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- Island Gold Mine has Proven and Probable Reserves of 1,013,854 tonnes at a grade of 8.55 g/t gold for a total of 278,711 ounces of gold (NI 43-101 compliant report by GENIVAR) Project has additional Measured and Indicated Resources 454,705 tonnes at a grade of 10.26 g/t for a total of 149,972 ounces (NI 43-101 compliant report by GENIVAR).
Just north of Wawa, several companies have found significant quantities of the gems in an unusual host rock: the ancient volcanics that characterize the region. It seems that while both public and private sector geologists were looking for and finding kimberlite pipes - the conventional diamond host - in Ontario, a potentially important source of the gems lay right beneath their grub hoes within the relatively well explored Superior Craton.
The unique discoveries have caught the interest of two of the world's biggest diamond producers. For example, De Beers is processing a 455kg sample from the neighbouring Festival property owned by Pele Mountain Resources (YPN-V). Now that the unusual rocks that host these occurrences have been fairly well-characterized and ongoing overburden stripping is exposing new bedrock, finding diamonds in the Wawa area is becoming an almost everyday occurrence.
Meet the Team
President & CEO Michael Burke
Mr. Michael Burke has been the Chief Executive Officer and President of Auric Mining Company since April 29, 2011. Mr. Burke has worked for over a decade in the mining sector and also currently serves as the President of Homestead Colorado Gold Corp., which he founded with 2 others in 2011 to identify, purchase and develop gold, silver and Bitumen properties in the Leadville area in Colorado. Mr. Burke specializes in technological integration, mining and geophysical exploration, finance, project and corporate development with a successful track record of extracting shareholder value. He previously served as the Chief Executive Officer, President and Director of Auric Mining Company. He was an honoured member of the 1997 Edition of Who's Who and recognized among top executives in North America for that year. In 2009, he received the Princeton Premier Business Leader and Professional Award and also received the Arthur C May award for engineering excellence. He has founded and served as the President of numerous companies in the technology, security, hospitality, and engineering sectors and most notably built World Star Holdings Inc. into a multi-million dollar high technology enterprise employing 40 people from 1995 - 1998. He attended the Faculty of Electrical Engineering at Lakehead University and advanced to pre-med courses at the College of Medicine at the University of Manitoba. He completed a degree in international trust and asset banking law through First Nevision and obtained a Business Management Diploma at King's Business College. He has attended a variety of Safety and Mine Rescue, Heavy Equipment Operation and Repair Training and other courses sponsored by Campbell Red Lake Mines, Inco Metals, Dickenson Mine, Sherritt International, Thiessen Mining Contracting and Umex Mines among others.
Chief Financial Officer Ian Dewar
Ian is a chartered accountant with 25 years of corporate finance experience with international companies both large ($1 billion in sales) and small. His experience arranging corporate financing, creating conditions for business growth and assisting owners and senior management with critical decisions has given him the well rounded skills to assist the company as it moves forward.
Treasurer Michael Lee
Mr. Michael M. Lee founded AlphaRx Inc. in August 1997 and serves as its Chairman of the Board and has been its Chief Executive Officer since August 1997. Mr. Lee has been the President of Alpharx Inc. since July 1, 2000 and Chief Financial Officer since May 17, 2010. He has over 15 years of business experience in the areas of high tech development, marketing and corporate finance. In 1984, he co-founded Logic Tech Corp. in Toronto, Canada where he co-developed LogicDent Dental Practice Management Software and served as its Executive Vice President until 1991. He served as a Vice President of Pacific Region at GeoFin Partners LLC from 1992 to 1995. Mr. Lee served as Banking Consultant for 2 international commercial banks based in Asia from 1995 to 1996. He has been a Director of Alpharx Inc. since August 8, 1997. He served as a Director of Logic Tech until 1991. Mr. Lee holds a B.Sc. in Applied Mathematics from the University of Western Ontario.
nsiders At Auric Mining Co (AUMY)
Other Board Members On Board*
