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Auriga Gold Corp. says it is encouraged by the latest drill results from its Maverick Gold Project near Sherridon. The project includes the long-idle Puffy Lake Mine and adjacent prospects. "These results further demonstrate the consistency of gold mineralization and conform to results in historic drill holes at the Puffy Lake deposit," said Richard Sutcliffe, Auriga's President and CEO. "We are gaining confidence in the data set to upgrade the historic resources and establish near-surface gold resources that could potentially contribute to a rapid restart of the past-producing mine." The latest results stem from holes drilled in the southern area of the Puffy Lake deposit to test near-surface gold mineralization about 300 metres southeast of the mine portal. Auriga said one hole intersected 2.7 metres grading 5.08 grams/tonne gold at a depth of 30.9 metres, while another intersected 5 metres grading 6.59 g/t gold at a depth of 8.20 metres. Consistent In general, gold mineralization in these holes has been consistent with the historic drill holes and resources in this area of the Puffy Lake deposit, the Toronto-based company said. Phase 1 drilling (15 holes for 3,350 metres) to confirm historical gold resources at the Puffy Lake mine was recently completed, and assay results on six remaining holes are pending. The Phase 2 program includes 32 planned drill holes for a total of 1,600 metres to test the potential of shallow open pit mining of the mineralized vein system. Auriga is a mine development and exploration company whose focus is expanding gold resources at, and developing, Puffy Lake and the adjacent prospects. The company plans to upgrade and expand the historic resources at the Maverick Gold Project and bring the Puffy Lake mine back into production. Neither the TSX Venture Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release. Ð Compiled from an Auriga Gold Corp. news release.9/5/11
