Business
Augen Gold to Test 10 Km Between Huffman Lake and the Jerome Mine
Augen Gold to Test 10 Km Between Huffman Lake and the Jerome Mine
About this update from Gold Finder Resources Ltd.
[{"type":"text","content":"\n\n\n\nFeb. 9, 2010 (Canada NewsWire Group) -- TORONTO, Feb. 9 /CNW/ -- Augen Gold Corp. (\"Augen Gold\" or \"the Company\") (TSX-V: GLD) is pleased to provide an update for upcoming exploration activity on its 100% owned South Swayze Property which is located approximately halfway between the mining centers of Sudbury and Timmins in Ontario and is accessible by road year-round.Augen Gold is currently in the midst of an extensive gold exploration program consisting of line-cutting, geophysical surveys, and diamond drilling, as follow-up to a prospecting program conducted in 2008. Since September 2009, approximately 210 line kilometres of surveying and thirty-one drill holes totaling over 4,000 metres have been completed.The highlights of drilling from Huffman Lake in the central part of the property included an intersection of 5.29 g/t gold and 424 g/t silver over 0.50 metres (News Release, January 21, 2010).In mid-February 2010, Augen Gold will initiate a lake sediment sampling survey west of Huffman Lake to compliment the ongoing geophysical surveying by JVX Ltd. as exploration moves onto the ice on the east arm of Opeepeesway Lake. (see maps on \"Home\" page section of our website www.augengold.ca)The survey will involve the entire east arm of Opeepeesway Lake, a large body of water approximately five kilometres long and up to 1.5 kilometres wide that covers approximately 50% of a ten kilometre long segment of a regional auriferous trend that is bracketed by Huffman Lake in the east and by the Jerome Mine in the west. This trend is essentially un-explored under the eastern arm of Opeepeesway Lake.The Jerome Mine, located two kilometres west of this survey area in the west-central part of the property, produced 56,000 ounces of gold and 15,600 ounces of silver between 1940 and 1942; the style and extent of its gold mineralization was confirmed by Augen Gold in 2008 (News Release, January 23, 2009).The lake sediment samples in the east arm of Opeepeesway Lake will be collected at the geophysical survey station sites by Daniel Cyr of Timmins, an experienced sampler.Activation Labs of Ancaster, Ontario will conduct the analytical work to determine their Soil Gas Hydrocarbons (SGH) signature. SGH sampling is capable of delineation of mineral targets through thick layers of cover rock and overburden.The South Swayze Property consi...