Purecore Metals Inc. press release
Augen Gold Announces Grant of Options
CSE - Canadian National Stock Exchange ยท Canada
Shares outstanding: 32,829,835
TORONTO, Sept. 11 /CNW/ - Augen Gold Corp. ("Augen Gold" or "the Company") (TSX-V: GLD) announces that a total of 2,200,000 options to purchase common shares of the Company were granted to Directors, Officers and consultants on September 11, 2009 at an exercise price of $0.10 per share, expiring on September 11, 2014. The grant is subject to regulatory approval.
Under the Company's stock option plan, 10% of the issued capital or 3,282,983 common shares are reserved for issuance. Including the above grant, a total of 2,500,000 options are outstanding under the stock option plan.
About Augen Gold
Augen Gold is a gold exploration company with 24,335 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 kilometer 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 the Jerome Mine, and to expand its property portfolio with highly prospective mineral assets.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.