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Augen Gold to Drill on Eastern Claims near Trelawney
Augen Gold to Drill on Eastern Claims near Trelawney
About this update from Gold Finder Resources Ltd.
[{"type":"text","content":"\n\n\n\nTORONTO, Mar. 5, 2010 (Canada NewsWire Group) -- /CNW/ -- Augen Gold Corp. (\"Augen Gold\" or \"the Company\") (TSX-V: GLD) announces that it will soon commence a five-hole, 1,250 metre drilling program in that portion of the eastern part of its South Swayze Property located near the promising new gold discovery of Trelawney Mining and Exploration Inc. (\"Trelawney\") (TSX-V: TRR). The focus will be the area along and near two west-southwest trending structures defined with airborne magnetic data by JVX Ltd., the Company's geophysics contractor. These structures extend several kilometres across Augen Gold claims and project towards the area of recent drilling by Trelawney.In addition, the Soil Gas Hydrocarbons (SGH) lake bottom sediment survey and the Induced Polarization (IP) geophysical survey in the central part of the South Swayze Property are progressing (News Release, February 9, 2010), and are intended to provide drill targets for gold mineralization between the Jerome Gold Mine and significant gold mineralization intersected by recent Augen Gold drilling (News Release, January 21, 2010) at Huffman Lake.Gordon McRoberts, M.Sc., P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the contents of this press release.About Augen GoldAugen Gold is a gold exploration company with 24,581 hectares of staked and patented mining claims in the Southern Swayze Greenstone Belt, including the formerly producing Jerome Gold Mine. The claims cover a 45 kilometre long section of the Ridout Deformation Zone, believed to be the western extension of the Kirkland Lake/Larder Lake Break. The geological setting is comparable to the major gold camps of Timmins and Kirkland Lake, and the claims contain numerous gold showings that have received very little historical exploration. Augen Gold is the first company to have assembled such a coherent ground position. Augen Gold has performed a detailed airborne geophysical survey over the whole area, and its sampling program has confirmed the historically reported gold values. The correlation of many gold showings with geophysical features indicates excellent potential for the discovery of additional deposits. The Company's objectives are to aggressively explore the gold showings that correlate with geophysical anomalies, continue resource definition at...