Our second set of drill results issued yesterday, garnered quite a lot of attention in the market place and in the online news world. We traded 1.5 million shares, with a 10% increase in price.
Please call if you have any questions and if you are interested in meeting with management, please let me know.
Cheers,
Alison
Canaccord’s Morning Coffee:
Auriga Gold* (AIA : TSX-V : $0.32), Net Change: 0.03, % Change: 10.34%, Volume: 1,494,714 Top Gun! Auriga Gold gave its shareholders something to cheer about Thursday, reporting that ongoing drilling at the company's Maverick Gold Project in Manitoba has continued to intersect parallel zones of high-grade gold mineralization including intersections of 30.44 g/t gold over 2.0 m and 9.19 g/t over 2.0 m. The Maverick Gold Project is located 65 km northeast of Flin Flon, Manitoba and includes the past-producing Puffy Lake Mine and the adjacent Nokomis Property. "Our drilling program is showing encouraging continuity of high-grade gold mineralization at the Puffy Lake Mine. Our initial focus of drilling to confirm and extend the existing resources is progressing very well. The Maverick Gold Project has excellent location and infrastructure and we anticipate an opportunity to quickly establish a mine development plan at Maverick Gold,"
Richard Sutcliffe, Auriga Gold's President and CEO, commented following the results. The company also noted that the Phase 2 program has commenced and includes 32 planned drill holes for a total of 1,600 m to test the potential of shallow open pit mining of the mineralized vein system. Eight holes totalling 326 m from the Phase 2 program have been completed and assays are pending.