AIA

Auriga Gold Corp. (TSX VENTURE:AIA) ("Auriga Gold" or the "Company") is pleased
to announce an Electric Service Agreement with Manitoba Hydro to provide grid
electric power from Sherridon, Manitoba to its Maverick Gold Project located
near Flin Flon, Manitoba. The total cost to construct a power line from the
Sherridon sub-station to the Maverick Gold Project mine site is $1.1 million and
Auriga Gold has paid an initial deposit of $250,000. Manitoba Hydro has begun
the process to rebuild and reconnect the power line and expects to have on-site
power restored in September 2012.


Richard Sutcliffe, Auriga Gold's President and CEO reflected, "Over the past
year, we achieved a number of significant milestones at our Maverick Gold
Project including the successful completion of a Preliminary Economic Assessment
on an open pit and underground mining operation at the past producing Puffy Lake
Mine. Having completed this initial phase, we are turning our attention to the
development activities needed to restart operations at the Puffy Lake mine and
mill. I look forward to continued progress in obtaining the necessary approvals
and completing various development tasks to meet our planned objective of
bringing the Puffy Lake Mine into test mining this year."


About Auriga Gold Corp.

Auriga Gold is a Canadian mine development and exploration company focused on
developing the Puffy Lake Mine and expanding gold resources on its Puffy Lake
and Nokomis deposits (the "Maverick Gold Project"). The Company plans to upgrade
and expand the existing NI 43-101 resources at the Maverick Gold Project and
bring the Puffy Lake Mine back into production in 2012. The Puffy Lake Mine
includes a 1,000 tpd flotation mill, a developed underground ramp to 135 metres
depth, is fully road accessible and close to existing mining infrastructure. The
Maverick Gold Project is located in the Flin Flon Greenstone Belt of Central
Manitoba.


Certain information regarding the Company including management's assessment of
future plans and operations, may constitute forward looking statements under
applicable securities laws and necessarily involve risks associated with mining
exploration and development, volatility of prices, currency fluctuations,
imprecision of resource estimates, environmental and permitting risks, access to
labour and services, competition from other companies and ability to access
sufficient capital. As a consequence, actual results may differ materially from
those anticipated in the forward-looking statements. A feasibility study has not
been completed and there is no certainty the disclosed targets will be achieved
nor that the proposed operations will be economically viable. This press release
is not and is not to be construed as an offer to buy or sell securities in the
United States.

(TSXV:AIA)
過去 株価チャート
から 6 2024 まで 7 2024

(TSXV:AIA)
過去 株価チャート
から 7 2023 まで 7 2024