AUMY ~~~> new's,
Mining to Renovate Facility for its Head Office and Operations
Tuesday May 31, 2011, 6:00 am EDT
WILMINGTON, Del., May 31, 2011, /PRNewswire/ -- Auric Mining Co. (OTC:AUMY.PK.ob - News) (the "Company") reports that it has received a tender of $250,000 from Krolyk Construction Inc., located at Longbow lake, Ontario, and advanced an initial deposit to upgrade a leased facility, which was previously occupied for over a decade by Noranda Inc. as its Geological field office in North Western Ontario.
The Company plans to renovate and upgrade the building, which was originally built to commercial standards, to be utilized as its head office, repair depot, and storage facility for its operations. Situated on 7 acres, the building has over 10,000 total square feet of useable space and contains a Core Lab area which was originally set up by Noranda Inc., which was one of the largest mining and metals companies in the world with operations in 18 countries.
Auric's planned new operations base is strategically located in the center of one of the most prolific gold producing regions in North America, if not the world. The surrounding industrial mining area is currently being increased for access to large transports and numerous industry leading gold producing corporations are currently based within a 300 km area.
The construction of an additional building is also planned to be used as a storage facility for Auric's mining records and core samples.
About Auric Mining Co.:
(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.
For more information please visit the company's website at www.auricgold.com.
For more information contact:
Auric Mining Company
General Inquiries: 302 468 1812
Investor Inquiries: 302 468 1811
Email: info@auricminingcorp.com
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