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Gold/Mining/Energy : AURIGINOR INC-M.AUI Huge Volumes Montreal Exchange

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To: John Leather who wrote (7)11/15/1996 10:16:00 PM
From: John Leather   of 329
 
Latest Press Release was on September 20 and it follows:

AURIGINOR INC. is pleased to announce that it has acquired a gold
property located in Nye County, Nevada, for a total of 25.000.$ US
and 425,000 shares of the company.

The property lies on the southern end of the Battle
Mountain/Cortez gold trend and hosts a major silicified quartz
structure of significant length, width and depth. This structure
is composed of 90% quartz and is up to 70 feet wide.

It has been underground mined in the past, to a certain degree,
and produced average grades of 0.345 ounces gold per ton.

From underground assessment derived from old workings it has been
established by Horizon gold that an ore reserve of 2,000,000 tons
could be blocked out by drilling with similar grades to the
ore mined in the past.

Geophysics and drilling will begin this fall with a view to begin
proving up a substantial orebody of high grade.

This transaction is subject to the approval of the regulatory
authorities.

Mr. Richard Diotte
In Quebec: (418) 527-3362
In Montreal : (514) 286-0909
infodine.com
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