Augen Gold provides Additional Assay Results from Jerome Mine Winter Drilling



    TORONTO, July 18 /CNW/ - Augen Gold Corp. ("Augen Gold" or "the Company")
(TSX-V:AUJ) today provided results of additional assays received from its
winter drill program at the former Jerome Gold Mine. The aim of the drill
campaign was to investigate the extensions of the Main and South Zones to
depth and along the strike of the mineralization.

    The Company now has complete results for 18 of the 21 holes drilled.
    Highlights of the recent results include:

    
    1.  Confirmation of mineralization at depth on the Main and South zones,
        with lower assay results than the previous, shallower historical
        holes.
    2.  Intersection of the Main Zone in holes AG08-14 and AG08-17 1km west
        of the former mine shaft.
    3.  Discovery of a new gold-bearing sulphide-rich zone of mineralization
        south of the South Zone.
    4.  Discovery of gold in a white quartz vein in hole AG08-21 along strike
        700 metres to the east of the previously delineated Main Zone.
    

    "The results show that gold and molybdenum extend to at least a depth of
600 metres, over a strike length of 2,500 metres. Although the results at
depth contain relatively low grades, we are encouraged by the very large size
of the mineralized system and its potential to host an economic deposit," said
Michael Fowler, President and CEO of Augen Gold. "Over the next few weeks, the
Company will focus on releasing the balance of our drill assay results and
un-sampled Osprey Gold drill core, as well as completing a NI 43-101 compliant
resource estimate so that Augen Gold can start to consider a Preliminary
Economic Assessment of the Jerome area. This will be part of the the Phase II
exploration program, along with evaluating other regional targets."

    Details of the recent results are:

    1. Drill results at depth on the Main and South zones reveal many
    intersections of anomalous gold, usually accompanied by silver and
    molybdenum. These intersections include shorter intervals with values up
    to 12.35 g/t Au. Most of these mineralized intervals occur in carbonate-
    rich alteration zones, with the higher-grade material associated with
    dark quartz or sulphide. The table below summarizes the results.

    2. The two highest-grade gold samples reported here fall along the
    western strike extension of the Main Zone under Lake Opeepeesway. A value
    of 12.45 g/t Au over a core length of 0.4 metres in hole AG08-17 is
    associated with a narrow interval of pyrite, whereas the interval of
    9.95 g/t Au over a core length of 0.51 metres is a typical Main Zone
    intersection associated with over 5 lbs per tonne (2520 ppm) molybdenum.

    3. A zone of pyrite enrichment has been identified south of the South
    Zone. Hosted by mafic intrusive rock, porphyry and metasedimentary wacke,
    it is commonly enriched in gold, as for example from 96.23 to 108.15
    metres in hole AG08-11.

    4. Drill hole AG08-21 was drilled 1500 metres east of the shaft to test a
    magnetic feature interpreted as the eastward extension of the Main Zone
    under Lake Opeepeesway, and contained several zones of gold
    mineralization. A value of 1.96 g/t Au over a core length of 2.20 metres
    was returned from an interval of diorite containing pyrite and minor
    quartz veinlets. Two shallower zones interpreted as the possible eastward
    continuation of the South Zone returned values of 0.21 g/t Au over a core
    length of 3.00 metres and 0.25 g/t over a core length of 1.60 metres
    respectively. A 6 metre quartz vein trending at a low angle to the core
    axis between 234 and 240 metres, interpreted as the Main Zone, returned
    3.22 g/t Au over a core length of 1.32 metres.

    
    -------------------------------------------------------------------------
                                   Core     True             Molyb
               From              Length    Width     Gold    denum
                 (m)    To (m)      (m)      (m)    (g/t)    (ppm)      ZONE

    AG08-03   294.90    295.30     0.40     0.25     1.90      277      SZ 2
              340.84    346.32     5.48     3.46     0.17       17       SMZ
              346.90    347.17     0.27     0.17     5.02      521       SMZ
              351.00    353.52     1.24     0.78     0.13       16       SMZ
              365.00    375.00    10.00     6.32     0.49       95        MZ
      incl:   367.84    372.12     4.28     2.71     0.88      173        MZ
              386.20    391.00     4.80     3.03     0.26       55
              393.00    395.00     2.00     1.26     0.13       10
              399.00    407.00     8.00     5.06     0.21       25
    -------------------------------------------------------------------------
    AG08-04   236.30    240.50     4.20     2.66     0.18        -
              246.50    247.75     2.41     1.52     0.18       16      SZ A
              260.30    268.72     8.42     5.32     0.20       16        SZ
              321.00    322.94     1.94     1.23     0.78      183      SZ 2
              --------------------------             -----
              328.92    334.00     5.08     3.21     0.58      114      SZ C
              --------------------------             -----
              423.49    426.29     2.80     1.77     0.52      208
              544.16    547.67     3.60     2.28     0.44      152        MZ
              561.38    563.30     1.92     1.21     0.16       78
    -------------------------------------------------------------------------
    AG08-05    57.00     58.50     1.50     0.95     0.63       36   S of SZ
              228.13    231.60     3.47     2.19     0.23        -
              337.33    340.00     2.67     1.69     0.48       27
              --------------------------             -----
              345.00    349.00     4.00     2.53     0.48      145        SZ
      incl:   347.00    348.00     1.00     0.63     1.24      314        SZ
              --------------------------             -----
              368.00    371.00     3.00     1.90     0.21       75      SZ 2
              --------------------------             -----
              373.00    382.00     9.00     5.69     1.69      125      SZ 2
      incl:   376.00    382.00     6.00     3.79     2.62      181      SZ 2
      incl:   379.00    382.00     3.30     2.09     3.90      291      SZ 2
              --------------------------             -----
              412.00    416.00     4.00     2.53     0.20       21
              --------------------------             -----
              442.00    443.00     1.00     0.63     2.54       57      SMZ?
              --------------------------             -----
              460.00    468.88     8.88     5.61     0.34      163        MZ
      incl:   464.75    468.88     4.13     2.61     0.37      149        MZ
              --------------------------             -----
              479.87    484.04     4.17     2.64     0.17        6        MZ
    -------------------------------------------------------------------------
    AG08-06   253.40    258.98     5.58     3.53     0.19       61        SZ
              267.92    270.68     2.76     1.74     0.39       47        SZ
              273.50    275.42     1.92     1.21     0.24      271        SZ
              514.75    516.90     2.15     1.36     0.15      249        MZ
              529.30    532.72     3.42     2.16     0.17       40        MZ
              535.58    537.34     1.76     1.11     0.31      132        MZ
              --------------------------             -----
              538.52    539.70     1.18     0.75     1.61        6        MZ
              --------------------------             -----
              590.65    593.79     3.14     1.99     0.18      188      NMZ?
    -------------------------------------------------------------------------
    AG08-07   242.00    244.86     2.86     0.91     1.27       62        SZ
              --------------------------             -----
              253.14    277.80    24.66     7.85     0.44      105        SZ
      incl:   261.45    277.80    16.35     5.21     0.55      150        SZ
      incl:   273.92    277.80     3.88     1.24     1.21      274        SZ
              --------------------------             -----
              472.36    499.87    18.18     5.79     0.31       31        MZ
      incl:   472.36    473.67     1.31     0.42     1.15        4        MZ
      incl:   491.10    493.20     2.10     0.67     0.82       43        MZ
    -------------------------------------------------------------------------
    AG08-08    48.00     49.50     1.50     0.48     0.72        3
              106.00    110.00     4.00     1.27     0.47        1
              --------------------------             -----
              186.90    189.11     2.21     0.70     3.22      0.6        SZ
      incl:   186.90    188.11     1.21     0.39     5.41        1        SZ
              --------------------------             -----
              215.42    235.58    20.16     6.42     0.27        5        SZ
              238.75    241.43     2.68     0.85     0.27        9        SZ
              256.30    264.00     7.70     2.45     0.12       10
              385.10    388.10     3.00     0.96     0.49       16       SMZ
              395.60    399.50     3.90     1.24     0.21       21       SMZ
              401.00    405.84     4.84     1.54     0.28      114       SMZ
              423.20    426.80     3.60     1.15     0.22       78       SMZ
              484.50    493.04     8.54     2.72     0.19       28        MZ
    -------------------------------------------------------------------------
    AG08-09    19.80     22.00     2.20     1.10     0.26        4   S of SZ
               55.00     57.00     2.00     1.00     0.12        1   S of SZ
               60.00     62.00     2.00     1.00     0.14        2   S of SZ
              242.00    244.00     2.00     1.15     0.18       57  above SZ
              471.00    472.00     1.00     0.57     0.46      367  below SZ
              586.00    588.00     2.00     1.30     0.23      280 below SZ2
              644.00    650.00     6.00     3.90     0.15      117        MZ
    -------------------------------------------------------------------------
    AG08-10   307.60    308.90     1.30     0.65     1.63       23        SZ
              --------------------------             -----
              318.10    321.00     2.90     1.45     0.20       17        SZ
              334.00    343.40     9.40     4.70     0.25       45        SZ
              347.00    352.00     5.00     2.50     0.18       36        SZ
              377.20    379.01     1.81     0.91     0.17       25        SZ
              566.00    568.00     2.00     0.87     0.12       17     SZ2 ?
              579.00    581.00     2.00     0.87     0.20       32     SZ2 ?
              661.00    664.00     3.00     1.30     0.13      140       SMZ
              --------------------------             -----
              702.75    713.64    10.89     4.73     0.71      447        MZ
              --------------------------             -----
              730.32    734.50     4.18     1.82     0.19       94     NMZ ?
    -------------------------------------------------------------------------
    AG08-11    96.23    108.15    11.92     5.96     0.48        9   S of SZ
       incl    97.73    100.27     2.54     1.27     0.95       34   S of SZ
        and   105.92    107.00     2.23     1.12     0.77        1   S of SZ
              --------------------------             -----
              124.03    134.60    10.57     5.29     0.22       13   S of SZ
              141.24    144.25     3.01     1.51     0.16       12   S of SZ
              --------------------------             -----
              169.20    173.94     4.74     2.37     0.54       33   S of SZ
              --------------------------             -----
              247.30    259.82    12.52     6.26     0.12        7   S of SZ
              285.00    291.34     6.34     3.17     0.16       26   S of SZ
              362.33    367.09     4.76     2.38     0.18       86       SZA
              373.00    379.00     6.00     3.00     0.12        6       SZA
              422.00    432.00    10.00     5.75     0.15       14        SZ
              484.50    495.00    10.50     6.03     0.12      136       SZ2
              587.67    598.70    11.03     6.34     0.17      140        MZ
    -------------------------------------------------------------------------
    AG08-12    68.23     69.45     1.22     0.61     0.15        4
              --------------------------             -----
              441.08    442.55     1.47     0.74     0.92        5
    -------------------------------------------------------------------------
    AG08-14   127.80    130.55     2.75     1.38     0.51      116       SMZ
              --------------------------             -----
              146.18    149.42     3.42     1.71     1.71      469        MZ
      incl:   146.18    146.69     0.51     0.26     9.95     2520        MZ
              --------------------------             -----
              151.00    152.00     1.00     0.50     1.02       51        MZ
    -------------------------------------------------------------------------
    AG08-15                                           nsa
    AG08-17   145.55    145.95     0.40     0.19    12.45        9     SZ2 ?
              --------------------------            ------
              199.86    208.70     8.84     4.13     0.20      119        MZ
              --------------------------             -----
              213.90    216.00     2.10     0.98     0.16       30
              227.00    228.00     1.00     0.47     0.36       15
              235.72    239.40     3.68     1.72     0.15       30
    -------------------------------------------------------------------------
    AG08-21    64.50     67.50     3.00     1.50     0.21      138
              101.40    103.00     1.60     0.80     0.25       56       SZ?
              164.50    167.00     2.50     1.25     0.22       68
              200.30    202.50     2.20     1.10     1.96       16
              234.68    236.00     1.32     0.66     3.22        5       MZ?
              237.56    241.00     3.44     1.77     1.04       17       MZ?
    -------------------------------------------------------------------------
    AG08-22    49.00     51.00     2.00     0.93     0.33       38
    -------------------------------------------------------------------------
    AG08-23   250.00    256.00     6.00     3.45     0.17        2
              269.80    275.00     5.20     2.99     0.18        2
    -------------------------------------------------------------------------

    nsa: no significant assays

    Note: MZ= Main Zone, SZ= South Zone,
          SMZ= South Main Zone, SZ2=South Zone 2

    Molybdenum: 1 lb/ton equals 454 ppm
    Gold Cut Off: 0.1 g/t
    

    Logging of Osprey drill core is now complete; and sampling will be
completed within the next week.
    Historical drill data have been digitized and is being combined with
Augen Gold's data in a unified database ready for computer modeling, which
will be undertaken to optimize the next phase of drilling at the Jerome Mine
site.
    Augen Gold is encouraged by the size of the mineralizing system
demonstrated by the extent of the strong alteration zones encountered. This
confirms that the right geological ingredients are present at Jerome and, by
inference, along strike where the same geological framework has been mapped.
Prospecting of these areas is scheduled to begin in mid-July.

    Sample Processing
    -----------------
    All core was photographed, measured and logged geologically and
geophysically. Alteration zones and significant quartz veins or
sulphide-bearing intervals were marked for sampling and sawn in half.
Standards and blank samples were inserted at regular intervals. Half of the
sawn core was retained and half was taken directly by Augen Gold personnel to
ALS Chemex's preparation laboratory in Timmins. There, it was crushed and
pulverized and pulps forwarded to Chemex's analytical laboratories for gold
assay and multi-element trace geochemical analysis. Random samples were riffle
split after crushing and each pulverized split was analyzed. Gold was
determined by fire assay AAS on 30 gram charges. Samples reporting more than
10 g/t Au were re-analyzed by the Fire Assay-gravimetric method to produce the
reported values, also using 30 gram charges. Trace elements were determined
using a four-acid 'Total digestion' followed by ICP. All core is stored in
core racks at the Jerome Mine site.
    The estimated true widths of the vertically dipping mineralized zones
were estimated to be between 70% and 30% of the core length, according to the
inclination of the drill hole. Composited grades have been calculated using a
cut-off of 0.1 g/t Au. Sample lengths are 1.5 m or less. Grades have not been
capped.

    About Augen Gold

    Augen Gold Corp. is a gold exploration company with 24,042 hectares of
mining claims over a 45 kilometre length located in Swayze Greenstone Belt,
including the formerly producing Jerome gold mine and directly adjacent to the
Young Shannon gold deposit. The Company's objective is to aggressively explore
the Jerome Mine in order to determine the gold potential along strike on the
contiguous mining claims, and to continue to expand its property portfolio
with highly prospective mineral assets.
    The information contained in this news release has been prepared by Augen
Gold's Senior Vice-President, Exploration, Christopher Marmont, P.Geo., who is
the qualified person for the Company's Jerome Project under the definitions
established by National Instrument 43-101. The diamond drilling program was
conducted under direct supervision of Mr. Marmont
    Please refer to Augen Gold's web-site for maps, photographs, geological
details and additional information.





For further information:

For further information: Michael G. Fowler, President and Chief
Executive Officer, Augen Gold Corp., Tel: (416) 777-2007 Ext 224, Toll-free:
(888) 442-8436 Ext 224; John F. Walter, John Walter Communications, Tel: (647)
430-0197; For more information on Augen Gold, visit our website at
www.augengold.ca; The Company's documents may be accessed at www.sedar.com

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