Enterra Corp (ETER)

[Montanore]

It was last year, but it is relevant in that it is a good indicator of how AUMY operates. And Penny Stock Geeks last Saturday STILL trotted out that old news and claimed AUMY OWNED The Little Price Mine.

An outright lie. Did AUMY try to correct that? No! How many investors did they suck in with this lie?

from PSG:

SATURDAY, APRIL 21, 2012

AUMY .0079 (Auric Mining Co)- Next Gold 10,000% Runner?

AUMY .0079-This Gold stock has given us Gold fever this week when the company released impressive news on $20 million in financing. Since our initial alert last week the stock has offered our VIP subscribers opportunity to accumulate shares as low as .0031 cents. On Thursday the stock surged upwards to hit an intraday high around .0118 cents posting over 200%+ in potential gains so far. With the dividend coming up the end of next week, NI-43 geological report, acquisitions around the corner, along with Gold being a favourable commodity among traders, we expect AUMY to trade much higher from here. Our target remains at .10+ to .25 cents.

Why does this companies future appear bright?

In regards to the most current news (within the past year) Auric Mining has acquired several properties including St. Kevin Gold silver mine properties in 2011. In April of 2011, Auric Mining Company had a joint venture with Plateau Mineral development, Inc. for the Homestead Gold and Silver Corp. Joint Venture for the development of the St. Kevin Mine located near Leadville, Colorado. This joint venture according to the press release “strengthens the team and resources available to successfully complete an ambitious 2 year drilling program that is intended to extend the proven gold and silver reserves on the property by as much as ten times which would value the resource at approximately $1 billion based on current prices for the precious metals”.

In April of the same year, Auric Mining purchased “The Little Prince Mine” and a surrounding claim referred to as "Nettie Morgan" which is located near Leadville, Colorado. According to the press release:

“The Little Prince Mine, originally part of the Big Six group, has been a haven for miners as a gold and silver producer with a long history of exploration and production since the late 1880s. The Little Prince Mine, originally part of the Standard Metals Group of mines, is situated on the Northwestern slope of Breece Hill, Leadville, located in the extremely rich silver belt in Colorado. Past production results and historical data indicate that the mine can be expected to produce between .005 - .27 per ounce of gold per ton, and from 1.8 to 14.7 per ounce of silver per ton, making it very attractive economically based on current prices of the metals.”

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