Sunday, May 29, 2011 3:44:07 PM
$AUMY Auric Mining Co. OTC Pink Current
http://www.auricminingcorp.com/
Auric Mining Company
OFFICE HEADQUARTERS
Suite 447 - 3590 Pine Grove Ave.
Port Huron, MI 48060
info@auricminingcorp.com
1 810 320 5031
http://investorshub.advfn.com/boards/Board.aspx?board_id=15531
Auric Mining Company (AUMY) is doing business as an investment company in mining and natural resources projects. The company focuses its resources in investing with on-going projects to establish immediate cash-flow for the company and provides profitability for its shareholders.
Auric has researched through different databases of natural resources companies that are public and have substantial findings already proven. Auric will invest in these companies in exchange for shares and revenue sharing.
Transfer Agent
Continental Stock Transfer & Trust Company
17 Battery Place
New York, NY, 10004
(212) 509-4000
www.continentalstock.com
cstmail@continentalstock.com
Shares Outstanding 70,029,991 a/o Dec 31, 2010
AUMY float 22.5 mill 3/31
Recent News!!!
http://www.otcmarkets.com/stock/AUMY/news
Recent Filings!!!
http://www.otcmarkets.com/stock/AUMY/financials
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.
Management
Richard Fesiuk - President
Mr. Fesiuk is currently the president of Atrypa Gold Corp., a private management and research company that was formed over 20 years ago, and has previously served as a director or officer of several TSX Venture-listed companies, including General Energy Corp. and Avance International Inc. His experience in the mining industry is extensive, encompassing all phases of exploration, development and production throughout North and South America. He has conducted research for innovative mineral extraction methods involving jigs of various types and has constructed and repaired mineral concentration equipment through his previous experience as a heavy duty mechanic.
Michael Lee - CFO & Secretary
An associate member of the Association of Chartered Certified Accountants, U.K. with more than 30 years of management, accounting and auditing experience. He is an expert with the US and Canadian GAAP.
Projects
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 - 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.
Dianor has discovered rocks with encouraging grades and stone size distribution directly south of the Mori-Metalex ground.
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.
WAWA MINING HISTORY
The exploration and extraction of mineral resources have been ongoing activities in the Wawa area since the native operation of primitive copper mines as well as the search for these mines by early European explorers in the late 1600's. Short-lived copper and ore mining ventures occurred in the 1770's. Unsuccessful mining exploits continued in spurts until 1897 when gold was discovered on the south shore of Wawa Lake and this establishing Wawa's future as a mining town. Described as a miniature Klondike, the Wawa gold rush lasted until 1906.
In the 1920's there emerged a revitalized interest in the gold deposits near Wawa. More efficient mining technology and renewed enthusiasm in the gold resources of northern Ontario led to the discovery of new gold veins at Michipicoten. Gold mines that were operational during the first years of the Wawa gold boom were redeveloped. In 1926 the Grace Mine was re-opened and by the year 1932, the Jubilee, the Minto, the Darwin, and the Parkhill had begun operations. These four mines were the most successful and long standing in a list of at least fifteen other gold mines.
The gold mining industry remained dormant in the Wawa area until 1981 with the then large scale development of the Hemlo gold discovery. Considerable gold exploration in the region led to the reopening of some of the original shafts of the two gold booms of the early 1900's. A number of new gold extraction companies initiated mining operations in the area and established their offices in Wawa.
Dependant on the continually changing price of gold and the international economy, the gold industry in Wawa was once again short lived. The gold industry experienced peak production and profits in the late 1980's when Ontario became the largest gold producer in Canada. Due to the advent of a poor gold market in 1989-90 and the development of an economic recession in late 1990, the industry took a turn for the worse. Most of the mining operations in the Wawa area were either terminated or temporarily suspended until the emergence of a more profitable climate and increased international gold prices.
Patricia Mining is one of the latest companies to bring back focus on gold mining in the Wawa area with its Island Lake Gold Project.
The Island Gold Project consists of 108 patented and leased mineral claims and 197 staked claims with an underground mine and operating 650 tonne-per-day carbon-in-pulp mill. Patricia has a National Instrument (NI) 43-101 compliant Mineral Reserve Estimate for the property which indicates Proven and Probable Reserves of 1,013,854 tonnes grading 8.55 g/t Au for a total of 278,711 ounces of Au at a cut off grade of 5.0 g/t Au. Additionally there is an estimated Measured and Indicated Resource of 454,705 tonnes at a grade of 10.26 g/t Au for a total of 149,972 ounces of Au at a cut off grade of 5.0 g/t Au. This additional resource is exclusive of the Proven and Probable Reserves.
The 650 tonne-per-day carbon-in-pulp mill was successfully restarted in September 2006 and the first gold was poured in November 2006. In 2006, the property produced 2,151 ounces of gold from operations at the Island Zone. Production of over 34,000 ounces is forecast for 2007 and is forecasted to increase to over 57,000 ounces in 2008.
http://www.auricminingcorp.com/
Auric Mining Company
OFFICE HEADQUARTERS
Suite 447 - 3590 Pine Grove Ave.
Port Huron, MI 48060
info@auricminingcorp.com
1 810 320 5031
http://investorshub.advfn.com/boards/Board.aspx?board_id=15531
Auric Mining Company (AUMY) is doing business as an investment company in mining and natural resources projects. The company focuses its resources in investing with on-going projects to establish immediate cash-flow for the company and provides profitability for its shareholders.
Auric has researched through different databases of natural resources companies that are public and have substantial findings already proven. Auric will invest in these companies in exchange for shares and revenue sharing.
Transfer Agent
Continental Stock Transfer & Trust Company
17 Battery Place
New York, NY, 10004
(212) 509-4000
www.continentalstock.com
cstmail@continentalstock.com
Shares Outstanding 70,029,991 a/o Dec 31, 2010
AUMY float 22.5 mill 3/31
Recent News!!!
http://www.otcmarkets.com/stock/AUMY/news
Recent Filings!!!
http://www.otcmarkets.com/stock/AUMY/financials
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.
Management
Richard Fesiuk - President
Mr. Fesiuk is currently the president of Atrypa Gold Corp., a private management and research company that was formed over 20 years ago, and has previously served as a director or officer of several TSX Venture-listed companies, including General Energy Corp. and Avance International Inc. His experience in the mining industry is extensive, encompassing all phases of exploration, development and production throughout North and South America. He has conducted research for innovative mineral extraction methods involving jigs of various types and has constructed and repaired mineral concentration equipment through his previous experience as a heavy duty mechanic.
Michael Lee - CFO & Secretary
An associate member of the Association of Chartered Certified Accountants, U.K. with more than 30 years of management, accounting and auditing experience. He is an expert with the US and Canadian GAAP.
Projects
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 - 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.
Dianor has discovered rocks with encouraging grades and stone size distribution directly south of the Mori-Metalex ground.
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.
WAWA MINING HISTORY
The exploration and extraction of mineral resources have been ongoing activities in the Wawa area since the native operation of primitive copper mines as well as the search for these mines by early European explorers in the late 1600's. Short-lived copper and ore mining ventures occurred in the 1770's. Unsuccessful mining exploits continued in spurts until 1897 when gold was discovered on the south shore of Wawa Lake and this establishing Wawa's future as a mining town. Described as a miniature Klondike, the Wawa gold rush lasted until 1906.
In the 1920's there emerged a revitalized interest in the gold deposits near Wawa. More efficient mining technology and renewed enthusiasm in the gold resources of northern Ontario led to the discovery of new gold veins at Michipicoten. Gold mines that were operational during the first years of the Wawa gold boom were redeveloped. In 1926 the Grace Mine was re-opened and by the year 1932, the Jubilee, the Minto, the Darwin, and the Parkhill had begun operations. These four mines were the most successful and long standing in a list of at least fifteen other gold mines.
The gold mining industry remained dormant in the Wawa area until 1981 with the then large scale development of the Hemlo gold discovery. Considerable gold exploration in the region led to the reopening of some of the original shafts of the two gold booms of the early 1900's. A number of new gold extraction companies initiated mining operations in the area and established their offices in Wawa.
Dependant on the continually changing price of gold and the international economy, the gold industry in Wawa was once again short lived. The gold industry experienced peak production and profits in the late 1980's when Ontario became the largest gold producer in Canada. Due to the advent of a poor gold market in 1989-90 and the development of an economic recession in late 1990, the industry took a turn for the worse. Most of the mining operations in the Wawa area were either terminated or temporarily suspended until the emergence of a more profitable climate and increased international gold prices.
Patricia Mining is one of the latest companies to bring back focus on gold mining in the Wawa area with its Island Lake Gold Project.
The Island Gold Project consists of 108 patented and leased mineral claims and 197 staked claims with an underground mine and operating 650 tonne-per-day carbon-in-pulp mill. Patricia has a National Instrument (NI) 43-101 compliant Mineral Reserve Estimate for the property which indicates Proven and Probable Reserves of 1,013,854 tonnes grading 8.55 g/t Au for a total of 278,711 ounces of Au at a cut off grade of 5.0 g/t Au. Additionally there is an estimated Measured and Indicated Resource of 454,705 tonnes at a grade of 10.26 g/t Au for a total of 149,972 ounces of Au at a cut off grade of 5.0 g/t Au. This additional resource is exclusive of the Proven and Probable Reserves.
The 650 tonne-per-day carbon-in-pulp mill was successfully restarted in September 2006 and the first gold was poured in November 2006. In 2006, the property produced 2,151 ounces of gold from operations at the Island Zone. Production of over 34,000 ounces is forecast for 2007 and is forecasted to increase to over 57,000 ounces in 2008.
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