Auric Mining Corp. announces the results of an Airborne magnetic and VLF-EM Survey conducted for the company by Terraquest Ltd. of Markham Ontario. Terraquest Ltd. was contracted to perform a VLF Electromagnetic survey of the Company’s property in the Dog Lake area of Northern Ontario.

The survey confirmed a number of gold showings on the shoreline of Dog Lake, located a few hundred meters to the west of the property boundary. In the past there has been considerable ground geophysics and drilling conducted in this area. The magnetic maps show the presence of narrow magnetic linear features striking from a North to East trend and appear to occupy all of the three major rock types. At least ten diabase dykes have been interpreted from the second derivative pattern and almost all are certain to belong to the Matachewn-Hearts swarm that is prevalent in the area. In the southeast corner a lateral displacement of three dykes are interpreted as a fault.

One of the more significant features of the magnetic maps is the presence of narrow magnetic linear features striking from North to East. These are illustrated on the interpretation maps and appear to occupy all three major rock types. The OGS map shows several major faults or deformation zones in the general area and with the same strike direction. It is proposed that these magnetic linears could be related to them. They could represent fracture elements in a broad deformation zone and since they stretch into the gold showings to the west are of considerable interest now as possible channels of mineralization.

Based on the conclusions and recommendations of the VLF-EM survey, possible new exploration targets have been identified and further exploration recommended. An exploration program has been adopted and will be carried out in the coming months.

Auric Mining Corp. plans to do another similar survey in the near future using additional technology to better define these results before a full field exploration program commences this summer.

• Previous exploration in the Wawa has discovered numerous deposits of small diamonds within metamorphosed Archean basement rocks.
• Dianor has discovered rocks with encouraging grades and stone size distribution directly south of the Mori-Metalex ground.
• Island Gold Mine has Proven and Probable Reserves of 1,013,854 tonnes at a grade of 8.55 g/t gold for a total of 278,711 ounces of gold (NI 43-101 compliant report by GENIVAR) Project has additional Measured and Indicated Resources 454,705 tonnes at a grade of 10.26 g/t for a total of 149,972 ounces (NI 43-101 compliant report by GENIVAR).