Mining Stock Alert - Junior Miner Auric Minerals Corp. (CSE: AUMC) Makes Top Gainer list on Exploration News
November 22, 2024 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a leader in retail investor trading ideas for mining and gold stocks issues a trading alert for Auric Minerals Corp. (CSE: AUMC), a mineral exploration company based in Oakville, Ontario and holds options over the Goodeye Property located in British Columbia, Canada.
The stock makes the top gainers list on news today on relatively low volume of over 100,000 shares as of this report. The stock is trading at 1.0000, gaining 0.6000, up 150.00%.
Yesterday on the close Auric Minerals announced the commencement of 2024 exploration work program (the "Program") on its Goodeye Property (the "Property") located in British Columbia, Canada. The field team will mobilize to the Property during this week around November 21, 2024.
Program Description
Prospecting, Mapping, Soil and Rock Sampling, and Geophysical Surveys
The work program will partly cover the following recommended work program in the Technical Report on the Property and targets identified during 2021 exploration work on the Property.
Contact Zone Between Intrusives and the Country Rocks: The 2021 sampling results show the contact zone between Carboniferous (CS) and Sheppard Intrusion (Esg) is more promising in terms of higher silver and gold values. This contact is interpreted as a roof pendent like structure where unit Cs is surrounded by Esg intrusion. Similarly, the contact zone between Esg and Lower Jurassic Elise Formation (LJev) also shows relatively higher silver and gold values. It is therefore recommended that all other contact zones between Esg and the country rocks should be followed up by more prospecting and sampling.
Quartz Veins with Sheppard Creek Intrusion: The 1979 and 2021 sampling results also indicate higher gold values in samples collected from quartz veins within the Sheppard Intrusion which needs a follow up prospecting and sampling.
Structural Targets: Target areas 1 and 2 as marked on Figure 1 present and interesting target zone for further prospecting, mapping and sampling. The area is marked by northwest trending Wanita fault which is an overthrust bringing Carboniferous CS on to Elise Formation and Marron Formation. The Cs is intruded by Esg from all sides making structural triangle bounded to the west by Violin Lake Fault and to the east by Wanita Thrust.
Geophysical Survey Extension: The geophysical survey Grid # 1 shows extension of magnetic features and VLF conductors are extending to the north, east and west. Similarly, the survey Grid #2 has VLF conductors and magnetic anomalies open in all directions. It is recommended to extend both the survey grids.
The field sampling will be a combination of soil and rock chip sampling depending upon the weather conditions and snow cover.
Recent news
https://ca.finance.yahoo.com/news/auric-minerals-corp-commences-exploration-223000976.html
Research mining stocks at Investorideas.com free stock directory
https://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Sign up for free trading and stock news alerts at Investorideas.com
https://www.investorideas.com/Resources/Newsletter.asp
Check out the Exploring Mining podcast by Investor Ideas for the latest mining stock news and insightful interviews with top industry experts.
About Investorideas.com - Big Investing Ideas
Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact management and IR of each company directly regarding specific questions. More disclaimer info: More disclaimer and disclosure info https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Learn more about our news, PR and social media, podcast and ticker tag services at Investorideas.com
https://www.investorideas.com/Investors/Services.asp
Learn more about digital advertising and guest posts
https://www.investorideas.com/Advertise/
Research more mining stocks with Investorideas.com free stock directory
https://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Follow us on X @investorideas @stocknewsbites
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Sign up for free stock news alerts at Investorideas.com
https://www.investorideas.com/Resources/Newsletter.asp
Contact Investorideas.com
800 665 0411