TORONTO, ONTARIO--(Marketwire - July 26, 2012) - Auriga Gold Corp. (TSX VENTURE:AIA) ("Auriga Gold" or the "Company") today announces the appointment of Gorden Glenn, a director of the Company, as Interim President and Chief Executive Officer of the Company with immediate effect. Mr. Glenn replaces Richard Sutcliffe who has ceased to be the President and Chief Executive Officer of the Company.
Mr. Glenn brings over 20 years of financial markets experience including mining finance, M&A, major project valuation, and geological expertise to the Board of Directors.
Mr. Glenn, Interim President and CEO, stated, "Auriga Gold remains firmly committed to delivering shareholder value through the future re-start of the Puffy Lake Mine and will undertake a strategic review of all available funding and development options."
About Auriga Gold
Auriga Gold Corp. is a Canadian mine development and exploration company focused on developing the Puffy Lake Mine and expanding gold resources on its Puffy Lake and Nokomis deposits (the "Maverick Gold Project"). The Company plans to upgrade and expand the resources at the Maverick Gold Project, initiate test mining, complete feasibility studies of mineral reserves, and bring the Puffy Lake Mine back into production. The Puffy Lake Mine includes a 1,000 tpd flotation mill, a developed underground ramp to 135 metres depth, is fully road accessible and close to existing mining infrastructure. The Maverick Gold Project is located in the Flin Flon Greenstone Belt of Central Manitoba. To view current images of the mill, please see www.aurigagold.ca/s/photogallery.asp.
Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be achieved nor that the proposed operations will be economically viable. This press release is not and is not to be construed as an offer to buy or sell securities in the United States.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.