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Augen Gold reports delineation of three distinct gold anomalies over 5 kms north-east of Jerome on Opeepeesway Lake
Augen Gold reports delineation of three distinct gold anomalies over 5 kms north-east of Jerome o...
About this update from Gold Finder Resources Ltd.
[{"type":"text","content":"\n\n\n\nTORONTO, Apr. 14, 2010 (Canada NewsWire Group) -- /CNW/ -- Augen Gold Corp. (\"Augen Gold\" or \"the Company\") (TSX-V: GLD) is pleased to provide an update of recent exploration activity within the west-central part of its 100% owned South Swayze Property located approximately halfway between the mining centers of Sudbury and Timmins in Ontario and is accessible by road year-round.A Soil Gas Hydrocarbons (SGH) lake sediment survey conducted by Augen Gold in February and March of 2010 has defined three SGH anomalies beneath the eastern arm of Opeepeesway Lake. These produce immediate and urgent targets to be drilled and are more indicative of gold mineralization than most other areas that have been explored to date, with the exception of the claims in Huffman Township and the claims in and around the Jerome Mine area.SGH geochemistry is organic and detects hydrocarbon based compounds that provide a signature directly related to bacteriological interaction with a target such as gold mineralization.Activation Labs of Ancaster, Ontario performed the analysis and interpretation and indicate that two of these anomalies (A, B) have characteristics similar to SGH anomalies overlying unexposed gold deposits elsewhere in Canada and in Nevada, and that a third anomaly (C) points to the presence of disseminated sulphide, hence metaliferous mineralization.Interpretation maps provided by Activation Labs can be viewed at www.augengold.ca.Augen Gold's SGH survey involved the collection of 845 lake sediment samples along the entire length of the east arm of Opeepeesway Lake (centrally located in the 45 kilometre long claim package), a large body of water approximately five kilometres long and up to 1.5 kilometres wide. This part of the lake covers approximately 50% of a ten kilometre long segment of a prominent regional auriferous trend that is bracketed by significant gold mineralization at the Jerome Mine and at Huffman Lake.The Jerome Mine, two kilometres west of the SGH survey area produced 56,000 ounces of gold and 15,600 ounces of silver between 1940 and 1942; and the style and extent of its gold mineralization was confirmed by Augen Gold in 2008 (News Release, January 23, 2009). Highlights of recent drilling by Augen Gold in 2009 at Huffman Lake, 2.5 kilometres east-southeast of the survey area included an intersection of 5.29 g/...