Augen Gold Samples 18.17 metres grading 3.03 g/t at Jerome



    Shares outstanding 24,880,685

    TORONTO, Oct. 8 /CNW/ - Augen Gold Corp. ("Augen Gold" or "the Company")
(TSX-V: AUJ) today provided further results from new assays of previously
un-sampled archival drill core from its 100%-owned property at the former
Jerome Gold Mine.

    
    Highlights:

    -   Assay results from un-sampled archival drill core returned
        18.41 metres of 1.06 g/t gold including intervals of 0.27 metres of
        49.9 g/t gold and 0.15 metres of 17.2 g/t gold from one drill hole,
        and 11.63 metres of 3.03 g/t gold in another hole, including an
        interval of 0.46 metres grading 41.7 g/t gold.

    -   These assay results are consistent with nearby holes and occur above
        the 198 metre level. This area represents a potential resource which
        could be readily accessible because it is close to the surface.
    

    "These new findings support initial test results that suggest the high
grade nature and continuity of mineralization which is also close to surface
and could be relatively easily accessible. The wide intersections and presence
of additional shoots of mineralization between the main zones also raise the
possibility that a portion of the mineralization may have open-pit potential.
We will be looking into all potential mining scenarios once we have completed
a resource estimation on Jerome," said Michael Fowler, President and CEO,
Augen Gold Corp. "We have commenced modeling this data, to obtain a better
understanding of the geometry of the several mineralized zones, so that we can
better evaluate the economic potential of the deposit and plan further work."
    The latest results were derived from samples from Osprey Gold Corp.'s
2004 diamond drill holes numbers JX04-12, -14, -15, -16, -17 and -32. The
results in the table below include previously reported results which have been
updated as a result of Augen Gold's sampling of adjacent core and check
analyses of Osprey samples (see August 19, 2008 Augen Gold Release - Check
Assays Show 11.5% Increase In Grades Reported From Former Drill Program).
Osprey's 2004 core sampling was confined to the Main and South mineralized
zones. Augen Gold management subsequently discovered additional mineralized
zones, which were sampled and reported in this news release. The holes were
drilled within a distance of 70 metres along strike, immediately east of the
500 foot level cross-cut (see drill plan on Augen Gold's website at
www.augengold.ca).
    New samples from Hole JX04-12 tested two alteration zones which lie
between the South Zone 2 and Main Zone, indicating the presence of additional
zones of lower grade gold-molybdenum mineralization. Grades of up to 1.01 g/t
Au and 310 ppm Mo were obtained within these intervals. The Main Zone was
intersected between 196.60 and 219.95 for an estimated true width of
16.34 metres, within which occur the two significant mineralized intervals
shown in the following table.
    Core from drill hole JX04-14 tested three mineralized zones - the South
Zone 2, an unnamed zone between South Zone 2 and the Main Zone, and the North
Main Zone. Two high grade samples were obtained from between the South Zone 2
and Main Zone. The Main Zone was intersected between 138.23 and 165.14 for a
true width of 16.95 metres. The North Main Zone was intersected at a
horizontal distance of 15 to 21 metres north of the Main Zone, and returned
low gold values and anomalous molybdenum values.

    
    Results

    Notes:

    -   Hole JX04-17 broke into underground workings and was aborted
    -   Allowed internal intervals less than cut-off up to 2.0 m, except
        JX04-17 (2.23 m from 117.35-119.57).
    -   New results are in bold typeface.
    -   No. = cut-off of 0.1 g/t Au

    -------------------------------------------------------------------------
                                 Core    True
                                Length   Width   Gold   Molybdenum
    Hole ID   From (m)  To (m)    (m)     (m)    (g/t)     (ppm)       Zone
    -------------------------------------------------------------------------
    JX04-12     38.47    47.24    8.78    6.15    2.2       256
    -------------------------------------------------------------------------
       incl:    43.95    44.44    0.34    0.24   8.38       197
    -------------------------------------------------------------------------
    JX04-12     137.2    147.7   10.52    7.36   0.19 No.    43
    -------------------------------------------------------------------------
    JX04-12     149.1    153.6    3.38    2.37   0.34 No.    79
    -------------------------------------------------------------------------
    JX04-12     196.6   203.12    6.52    4.56   1.61       218        Main
    -------------------------------------------------------------------------
    JX04-12    205.89   217.39    11.5    8.05   2.39       617        Main
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    JX04-14       6.4     7.62    1.22    0.77   5.96       572  South Zone 2
    -------------------------------------------------------------------------
       incl:      6.4     6.68    0.27    0.17   25.8      2450  South Zone 2
    -------------------------------------------------------------------------
    JX04-14     70.59       89   18.41   11.65   1.06 No.    62
    -------------------------------------------------------------------------
       incl:    72.06    72.33    0.27    0.17   49.9      1800
    -------------------------------------------------------------------------
        and:    77.72    77.88    0.15    0.09   17.2      1430
    -------------------------------------------------------------------------
    JX04-14    138.23   140.42    2.19    1.38   2.02       409         Main
    -------------------------------------------------------------------------
    JX04-14    143.59   150.48    6.89    4.34   0.57 No.   132         Main
    -------------------------------------------------------------------------
    JX04-14    154.14   159.35    5.21    3.28   1.61       443         Main
    -------------------------------------------------------------------------
    JX04-14     182.2    190.5    8.32    5.27   0.03 No.   168   North Main
    -------------------------------------------------------------------------
       incl:    189.2    189.4    0.24    0.15   0.18 No.  2230   North Main
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    JX04-15      1.52     3.75    2.23     1.4   17.4       319   South Zone
    -------------------------------------------------------------------------
       incl:     2.62     3.41    0.79     0.5   43.8       491   South Zone
    -------------------------------------------------------------------------
    JX04-15     11.19    11.37    0.18    0.11    3.6        63
    -------------------------------------------------------------------------
    JX04-15     17.95    19.96    2.01    1.27    9.2       720  South Zone C
    -------------------------------------------------------------------------
       incl:    19.26    19.57    0.31     0.2   34.3      2256  South Zone C
    -------------------------------------------------------------------------
    JX04-15      94.5    101.4    6.95    4.86    0.3 No.    22  South Zone 2
    -------------------------------------------------------------------------
    JX04-15     122.7    124.1    1.49    1.04   1.03        52
    -------------------------------------------------------------------------
    JX04-15    148.29   150.12    2.59    1.81   1.34        85         Main
    -------------------------------------------------------------------------
    JX04-15    164.75   168.04    3.29     2.3   1.12       344         Main
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    JX04-16       7.1      8.9    1.86     1.3   2.47       686  South Zone 2
    -------------------------------------------------------------------------
    JX04-16     134.6    139.3    4.08    2.86   1.51       347   South Main
    -------------------------------------------------------------------------
    JX04-16    146.95   157.52   10.57     7.4   2.12       237         Main
    -------------------------------------------------------------------------
       incl:   150.36   150.79    0.43     0.3   11.5       388         Main
    -------------------------------------------------------------------------
        and:   156.15   157.52    1.37    0.96    8.6      1157         Main
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    JX04-17     48.77    53.34    5.49    4.57   1.43 No.    92
    -------------------------------------------------------------------------
       incl:    48.77     49.5    0.73    0.47   6.28       410
    -------------------------------------------------------------------------
    JX04-17     113.2   131.37   18.17   11.63   3.03       348         Main
    -------------------------------------------------------------------------
       incl:    113.2   115.61    2.41    1.54  10.47      1330         Main
    -------------------------------------------------------------------------
       incl:   114.85   115.31    0.46    0.29   41.7      1388         Main
    -------------------------------------------------------------------------
        and:      119   131.37   12.37    8.04   2.29       239         Main
    -------------------------------------------------------------------------
       incl:    126.8    130.7     3.9    2.93   4.47       382         Main
    -------------------------------------------------------------------------
       incl:   129.18    130.7    1.52    0.99   6.16       617         Main
    -------------------------------------------------------------------------
         or:   129.88   131.37(*) 1.49    0.97   4.08      1153         Main
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    JX04-32      2.53     3.35    0.82    0.54   5.21       368  South Zone 2
    -------------------------------------------------------------------------
    JX04-32    134.97   139.36    4.39     2.9   0.81 No.    89         Main
    -------------------------------------------------------------------------
    JX04-32    145.45   148.74    3.29    2.17   1.93       325         Main
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    

    Hole JX04-15 identified two additional mineralized intercepts of gold
mineralization south of the Main Zone, 40 metres east of Hole JX04-14. The
previously sampled Main Zone was encountered between 158.5 and 173.8 m. While
the whole Main Zone contained anomalous gold and molybdenum, it returned only
a modest 1.2 g/t Au over a core length of 3.29 metres between 164.75 and
168.04 metres. The hole collared into the South Zone, returning an average
grade of 17.4 g/t Au over a true width of 1.4 metres, and intersected the
South Zone 'C' returning 9.2 g/t Au over a true width of 1.27 metres between
17.95 and 19.57 metres.
    Drill Hole JX04-16 intersected the South Zone 2 and the southern part of
the Main Zone/South Main Zone. The Main Zone had previously been reported
between 146.67 and 157.52, averaging 2.12 g/t Au and one half pound per tonne
molybdenum over a true width of 7.40 metres.
    Hole JX04-17 was collared 40 metres north of JX04-15, and intersected a
mineralized zone between the South Zone 2 and the Main Zone, and considerably
extended the width of the Main Zone. High grade gold values were previously
reported from part of the Main Zone between down-hole depths of 114.85 and
115.61. Augen Gold's additional sampling extends the Main Zone to a down-hole
depth of 131.17 m, for an overall true width of 11.63 m. The Main Zone
included gold grades of up to 41.7 g/t Au over a core length of 0.46 m, and
molybdenum grades of more than 2 pounds per tonne.
    Hole JX04-32 has not been previously sampled. It collared into the South
Zone 2, revealing a short intersection of gold and molybdenum, and went on to
test the Main Zone between 134.97 and 148.74 metres.
    In 2004 Osprey Gold Corp. completed 5,724 metres of diamond drilling in
33 drill holes at the Jerome Mine. The core was logged geologically but holes
JX04-29 to JX04-33 remained un-sampled at the time that the program was
terminated, and other core marked for sampling was not tested. Osprey's drill
program was designed to test the Main Zone above the 650 foot level (198 m),
in order to establish vertical continuity of mineralization between levels,
east of the mined areas in an area previously explored by drifts on the 200,
350, 500 and 650 foot levels (60, 107, 152 and 198 m). Accordingly, this area
represents a potential resource that is readily accessible and close to
surface.
    Please refer to Augen's web site to view a drill plan and cross section
of this area.

    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 were forwarded to Chemex's analytical laboratories for
gold assay and multi-element trace geochemical analysis. Random samples were
then riffle split after crushing and each pulverized split was analysed. 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. Drill core was
stored in core racks at the Jerome Mine site and Camp Gilla. Osprey samples
that exceeded 0.5 g/t Au using the INAA method were re-analysed by Fire
Assay-AAS.
    The estimated true widths of the vertically-dipping mineralized zones are
between 70 and 30% of the core length, according to the inclination of the
drill hole. Sample lengths of Osprey core samples average one metre, ranging
from 0.15 to 2.44 metres, with 95% shorter than 1.52 metres. Grades have not
been capped. Most composited grades shown in the table above have been
calculated using Fire Assay results and a cut-off of 0.5 g/t Au, unless a
cut-off of 0.1 g/t Au is indicated.

    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 the 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, the gold potential along strike on its 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 website for maps, photographs, geological
details and additional information.

    
    For more information on Augen Gold, visit our website at www.augengold.ca
    The Company's public documents may be accessed at www.sedar.com

    The TSX Venture has not reviewed and does not accept responsibility for
    the adequacy or accuracy of this release.
    -------------------------------------------------------------------------
    

    This news release contains forward-looking statements. These statements
are based on information currently available to the Company and the Company
provides no assurance that actual results will meet management's expectations.
Forward-looking statements include estimates and statements that describe the
Company's future plans, objectives or goals, including words to the effect
that the Company or management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as "believes",
"anticipates", "expects", "estimates", "may", "could", "would", "will", or
"plan". Since forward-looking statements are based on assumptions and address
future events and conditions, by their very nature they involve inherent risks
and uncertainties. Actual results relating to, among other things, results of
exploration, project development, reclamation and capital costs of the
Company's mineral properties, and the Company's financial condition and
prospects, could differ materially from those currently anticipated in such
statements for many reasons such as: changes in general economic conditions
and conditions in the financial markets; changes in demand and prices for
minerals; litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; technological and
operational difficulties encountered in connection with the activities of the
Company; and other matters discussed in this news release. This list is not
exhaustive of the factors that may affect any of the Company's forward-looking
statements. These and other factors should be considered carefully and readers
should not place undue reliance on the Company's forward-looking statements.
The Company does not undertake to update any forward-looking statement that
may be made from time to time by the Company or on its behalf, except in
accordance with applicable securities laws.





For further information:

For further information: Michael G. Fowler, President and Chief
Executive Officer, Tel: (416) 479-3301, Toll-free: (888) 442-8436,
investorrelations@augengold.ca; John F. Walter, John F. Walter Communications,
Tel: (647) 430-0197

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