Auriginal Mining Mobilizes Second Drill Rig to Roger; Plans $2 Million Phase 2 Drill Program
Auriginal Mining's (AUME.V) second drill was mobilized to the Roger project to fast track its Phase 1 drill program, prepare for definition drilling of the newly expanded porphyry Cu-Au mineralized system, and to better define VMS mineralization intersected to date, it said in a statement on Thursday.The company has seen good depth and strike continuity of the Roger porphyry Cu-Au system from the drilling, as well as extensions to the interpreted VMS horizon. Planning for the C$2.0 million, Phase 2 program will start upon receipt of all assay results from the current program, it said."In addition, we intend to reassess the historical resource estimate published in 2018 in consideration of the significant increases we have seen in commodity prices," said Auriginal Mining CEO Peter Cashin. The expanded Phase 2 program will start later this summer or early fall.Shares of the company closed down 10% to C$0.045 on Wednesday on the TSX Venture Exchange.
