Augen Gold samples 5.62 grams per tonne over 13.38 metres at Jerome



    TORONTO, Aug. 1 /CNW/ - Augen Gold Corp. ("Augen Gold" or "the Company")
(TSX-V:AUJ) today provided the final results from its winter drill program and
new assays of previously un-sampled archival drill core from the former Jerome
Gold Mine.

    
    Highlights of the results include:

    -   Assay results from previously un-sampled archival drill core returned
        13.38 metres of 5.62 g/t gold and 15.61 metres of 4.57 g/t gold in
        two separate holes. Included in these intersections were intervals of
        1.77 metres of 30.23 g/t and 1.92 metres of 21.1 g/t gold
        respectively.

    -   These assay results are consistent with nearby holes and occur above
        the 198 metre level. This area represents a mineral deposit which is
        close to the surface and readily accessible by standard mining
        methods.
    

    "These excellent results again show that the mineralization is high
grade. It is close to surface and could be relatively easy to access. The wide
intersections also raise the possibility that a portion of the mineralization
may have open-pit potential," said Michael Fowler, President and CEO, Augen
Gold Corp. "We will be looking into all potential mining scenarios once we
have completed a resource estimation on the Jerome Mine property in the coming
months."

    Results are shown below.

    
    -------------------------------------------------------------------------
                                       Core      True
                                     Length     Width     Gold    Molybdenum
      Hole ID    From (m)   To (m)     (m)        (m)     (g/t)      (ppm)
    -------------------------------------------------------------------------
      JX04-20      100.6    107.7     7.13      5.00      0.12         31
    -------------------------------------------------------------------------
          (*)     111.01   116.07     5.06      3.54      2.64        792
    -------------------------------------------------------------------------
    (xx) incl:    111.01   112.20     1.19      0.83      3.45       1648
    -------------------------------------------------------------------------
     (xx) and     114.61   115.37     0.76      0.53      4.94       5.25
    -------------------------------------------------------------------------
                   134.1    142.3     8.23      5.76      0.43        108
    -------------------------------------------------------------------------
         incl:     134.1    134.7      0.6      0.42      2.25        414
    -------------------------------------------------------------------------
      JX04-21    81.99(*)   85.25     3.26      2.28      1.21        800
    -------------------------------------------------------------------------
                    95.4     96.6     1.22      0.85      0.28        299
    -------------------------------------------------------------------------
      JX04-29       41.9     44.1     2.26      1.58      0.28        146
    -------------------------------------------------------------------------
                    80.2    102.5    22.34     15.64      3.46        386
    -------------------------------------------------------------------------
         incl:      87.6      101    13.38      9.34      5.62        619
    -------------------------------------------------------------------------
          and:      93.2     96.5     3.23      2.26      13.7        941
    -------------------------------------------------------------------------
         incl:      93.2     95.0     1.77      1.24     30.23       2210
    -------------------------------------------------------------------------
      JX04-30      149.8    179.5    29.72     20.80      1.15        196
    -------------------------------------------------------------------------
         incl:     151.5    155.7     4.21      2.95      2.46        749
    -------------------------------------------------------------------------
          and      168.1    173.5     1.90      1.33      5.46        144
    -------------------------------------------------------------------------
          and      178.9    179.5     0.64      0.45      3.88       1080
    -------------------------------------------------------------------------
                   186.4      202    15.61     10.93      4.57        715
    -------------------------------------------------------------------------
         incl:     188.2    191.5     3.38      2.37      4.95        860
    -------------------------------------------------------------------------
          and      194.4    196.3     1.92      1.34      21.1       5223
    -------------------------------------------------------------------------
      JX04-31        6.9        9     2.07      1.45      0.64          4
    -------------------------------------------------------------------------
                   18.20    21.80     3.60      2.52      4.01        450
    -------------------------------------------------------------------------
                    25.6       29     3.35      2.34      0.68         65
    -------------------------------------------------------------------------
                      73     76.4     3.38      2.37      2.38        811
    -------------------------------------------------------------------------
                    88.7     91.8     3.14      2.20      0.14         68
    -------------------------------------------------------------------------
                   151.9    181.4    29.44     20.61      0.53        162
    -------------------------------------------------------------------------
         incl:     165.1    166.9     8.50      5.95       1.4        319
    -------------------------------------------------------------------------
          and      170.8    171.7     0.82      0.57      4.78        631
    -------------------------------------------------------------------------
    (*) sampled by Osprey;      (xx) previously reported in Prospectus;
    

    In 2004, Osprey Gold Corp. completed 5724 m 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). Hence this area
represents a potential resource that is readily accessible and close to
surface. Assays from holes JX04-29, -30 and -31 are consistent with results
from nearby holes drilled by Osprey and previous operators. Holes JX04-29 and
JX04-30 were drilled on the same section and intersected the Main Zone at
vertical depths between 80 and 155 metres. They lie 30 m east of Augen Gold's
drill hole AG-04-02, which was reported previously (June 20, 2008, 15.13 g/t
Au over a core length of 8.35 m). Hole JX04-31 was drilled 30 m east of holes
29 and 30, and intersected an alteration zone of similar width to that
observed in hole JX04-30, but with lower gold grades.
    Drill holes JX04-20 and 21 tested the Main Zone 90 metres west of holes
JX04-29 and -30. The results shown above are from additional core sampling
below that sampled by Osprey, and probably represent the North Main Zone - a
splay from the Main Zone.
    The final set of results from Augen Gold's winter drilling program have
been received, and the highlights are shown below. These two holes show
relatively low grade intersections:

    
    -------------------------------------------------------------------------
                                       Core      True
                                     Length     Width     Gold    Molybdenum
      Hole ID    From (m)   To (m)     (m)        (m)     (g/t)      (ppm)
    -------------------------------------------------------------------------
      AG08-18      39.50    40.50     1.00      0.50      0.21          5
    -------------------------------------------------------------------------
                  238.20   239.20     1.00      0.50      0.14         27
    -------------------------------------------------------------------------
      AG08-20      73.44    78.00     4.56      3.19      0.25         15
    -------------------------------------------------------------------------
                  112.00   113.00     1.00      0.70      0.23        124
    -------------------------------------------------------------------------
                  156.00   158.00     2.00      1.40      0.31        9.5
    -------------------------------------------------------------------------
                  160.55   160.90     0.35      0.25      0.54        467
    -------------------------------------------------------------------------
                  203.37   211.00     7.63      3.81      0.23        1.5
    -------------------------------------------------------------------------
    Molybdenum: 1 lb/ton equals 454 ppm
    Gold Cut Off: 0.1 g/t
    

    Holes AG08-18 and AG08-20 are respectively the westernmost and
easternmost holes of the winter drill program, and were drilled from the ice
on Lake Opeepeesway.
    Hole AG08-18 tested a magnetic feature thought to represent the possible
strike extension of the Jerome Mine Main Zone. Two narrow intersections of
anomalous gold values were intersected. The westward continuation of the Main
Zone was intersected by hole AG08-17, previously reported on July 18.
    Hole AG08-20 made several intersections of low grade gold and locally
high grade molybdenum mineralization. The intersections all occur in porphyry,
and represent the eastern continuation of the pyrite-rich zone which lies
south of the South Zone.
    A map showing the location of the drill hole locations can be found on
our website: www.augengold.ca

    Sample Processing

    All core was photographed, measured and logged geologically and
geophysically. Alteration zones and significant quartz veins or
sulphide-bearing intervals are marked for sampling and sawn in half. Standards
and blank samples are inserted at regular intervals. Half of the sawn core is
retained and half taken directly by Augen Gold personnel to ALS Chemex's
preparation laboratory in Timmins. There, it is crushed and pulverized and
pulps forwarded to Chemex's analytical laboratories for gold assay and
multi-element trace geochemical analysis. Random samples are riffle split
after crushing and each pulverized split is analysed. Gold is 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 are determined using a
four-acid 'Total digestion' followed by ICP. Drill core is stored in core
racks at the Jerome Mine site and Camp Gilla.
    The estimated true widths of the vertically-dipping mineralized zones are
estimated 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 of Augen Gold core are 1.5 m or less; Osprey
samples range from up to 2.0 m. 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, 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 web-site for maps, photographs, geological
details and additional information.

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





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:
1-888-442-8436 Ext 224; John F. Walter, John Walter Communications, Tel: (647)
430-0197

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AUGEN GOLD CORP.

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