Company Profile: Auriga Gold Corp. (AIA:CA)
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Auriga Gold Corp.

Headquarters Address
8 King Street East
Suite 1300
Toronto ON
CA M5C 1B5

Contact Information
Telephone: (416) 864-0615
Website: www.aurigagold.ca

Shareholders:1 Followers:2 Recommendations:0

StockNetwork Score

10

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Corporate Filings

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Corporate Vitals

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Auriga Gold Corp.(AIA:TSXV) 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 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.

Company highlights:
• Acquired Prosperity North Project, BC – contiguous to Taseko’s Prosperity Deposit
• Hired onsite General Manager, Mike Kernick at the Puffy Mine
• Arranged with Manitoba Hydro to rebuild and reconnect power to the Puffy Mill
• Released positive PEA on a combined open pit and underground operation:
o CAPEX (including contingencies): $18.1m
o IRR (pre-tax): 84%,
o NPV (8%, pre-tax): $79.6m
o 7.5 yr mine life
• Gold Resources at Puffy Lake (43-101 compliant): 174,000 oz Indicated Au and 558,000 oz Inferred Au, increased/upgraded
• Increased ownership (now 100%) and property position at Maverick Project – 20 kms coverage of gold bearing horizon

Planned Milestones at Maverick
• Development activities onsite
• Refurbish Puffy Lake Mill and surface facilities
• Site development
• Prepare open pits
• Community and environmental engagement (underway)
• Permitting amendments
• Ongoing Resource expansion drilling: target 1 million plus ounces
• Continued drilling on Maverick Project (Puffy and Nokomis)
• Target test mining from open pits in Q4 2012

Event Reminders

  • March 4, 2012
    "PDAC"
    Booth 2926

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