AURIGINOR INC-M.AUI Huge Volumes Montreal Exchange Message Board

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

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To: Robert Adamowicz who wrote (60)	2/27/1997 3:12:00 PM
From: Robert Adamowicz	of 329

Here's the Press Release: EXPLORATION AURIGINOR INC. Exploration Auriginor Inc. is pleased to announce that it has signed a letter of intent for the acquisition of a 51% interest (minimum) for a maximun payment of $5,000,000US in a gold producing property located in Central America. The current high grade production is 275 tpd. The company anticipates it can increase the open pit production to 1000 tpd over the next 6 to 12 months with the present facilities. Current grade from open pit production is 4 g/t Au. The company expects its share of the pre-tax profit to be approx. $6,000,000US (48$ of revenue per ton, 12$ of expenses per ton based on 1000 tpd during 350 days with gold at 350$US per oz.) the first year with expected rise in subsequent years as tonnage and grade increase. All categories of reserves are 30 million tons. etc. etc. This transaction is subject to due diligence by Exploration Auriginor Inc. and the approval of the regulatory bodies.

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