AUMY huge NI 43-101 Report on Dolly Lake Property could be soon forthcoming... check out this PR from March 1st this year...
Auric Mining Company Receives NI 43-101 Geological Report on its Dolly Lake Property
March 1, 2011
Wilmington, DE Auric Mining Corp. (OTC: AUMY.PK) (the “Company”) Reports that the Company is pleased to announce that it has received an NI 43-101 qualifying report on its property referred to as Dolly Lake. The property was obtained by Auric Mining Co. through an option agreement with Dog Lake Exploration.
The report was prepared and completed on January 30, 2011 by Mr. John Pearson, M.Sc. P. Geo. of Pearson Exploration Ltd. located in Saskatoon, Sask. Mr. Pearson has over 35 years working as a Geologist for some of the largest mining companies around the world. Most notably, he worked with Cominco Ltd. for a 15 year period and was very actively involved in field exploration throughout the Canadian Shield, Arctic Islands, Greenland, and Turkey. In 1986, while working for the Govt. of Saskatchewan he mapped the Dolly Grid as part of a program to examine the mineral deposits of the Kisseynew Domain.
Since receiving the report, the Company has been evaluating its results and Mr. Pearson’s interpretations and recommendations. He has proposed a $1,000,000.00 two phase work program in order to test the property for the presence of an economic gold-quartz vein system. Auric Mining will be releasing the results of Mr. Pearson`s report in a future press release.
WILMINGTON, Del., April 28, 2011 /PRNewswire/ -- Auric Mining Corp. (OTC: AUMY.PK) (the "Company") reports that the Company has appointed Mr. Michael Burke as its President and CEO replacing Mr. Richard Fesiuk effective on April 29th, 2011. The Company would like to thank Mr. Fesiuk for his contributions as interim President and he will remain on the Company's Advisory Board.
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. The company has identified and earmarked a number of properties containing over $300,000,000 worth of new reserves, which are being explored and considered for production.
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 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.
Newly appointed Auric Mining President and CEO, Mr. Burke, commented, "I am pleased to accept the leadership role for the Company and look forward to reporting on exciting new developments in mineral exploration and production that we have been working on going forward."
The Company is also currently working on a new corporate website at www.auricgold.com which is currently in beta and will be officially launched soon.
About Auric Mining Corp.:
(Auric or the Company) is doing business as an investment and management 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 its shareholders and potential investors that the properties it explores deserve the investment of time, effort and financial commitment necessary to establish successful mineral production in the future. For more information please visit the company's website at:
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