SOURCE: Auric Mining Company

March 08, 2011 08:00 ET

Auric Mining Provides Interpretations of NI 43-101 Geological Report

WILMINGTON, DE--(Marketwire - March 8, 2011) - Auric Mining Corp. (PINKSHEETS: AUMY) (the "Company") reports on the results of the recent NI43-101 qualifying report received by the company from Pearson Exploration Ltd., a "Qualified Issuer." In an effort to be as accurate as possible, technical language has been taken directly from the document and previous historical work on the property is referenced.

"The property lies within a structural corridor which juxtaposes the Kipahigan Granite with the Missi Group conglomerate and arenaceous rocks intruded by discontinuous feldspar porphyritic sills. Faulting along the supracrustal rocks has focused quartz veining along the fractures forming a vein system extending for over 300m. The best result from the stripped areas was 2.48 oz/ton Au sample. Gold-quartz veining occurs over widths of up to 4.3m in at least two parallel veins with grades of up to .52 oz/ton Au. This presence of gold-quartz veining is typical of gold deposits throughout the world."

The historic work indicates the potential for a gold-quartz vein deposit along this corridor. It is also apparent from historic sampling and drilling that the gold within the system is "nugget" and therefore it will be necessary to test the stripped areas with channel sample saw cuts that take samples of the vein system and large diameter drill core that will obtain representative samples of the vein system at depth.

Auric will be reporting on the recommendations made in the report and the company's intentions for moving forward in an upcoming announcement.

About Auric Mining Corp.:
Auric Mining Company (Auric or the Company) is an investment and management company focused on the mining sector and natural resources projects. Auric performs extensive research through numerous databases of private and public natural resources companies, which have substantial findings already proven. Auric will either purchase, joint venture or invest in these companies. The Company is constantly seeking acquisition opportunities with significant exploration upside in the form of entire companies or packages of assets that provide an undeniable possibility of hosting base and precious metal mineralization. The Company possesses an unparalleled ability to identify successful mineral projects and uses a field-oriented management style with a flat organizational structure. Auric is currently focused on developing its owned mining claims in the Wawa area of the Sault Ste. Marie Mining District in Ontario and its previously explored mineral property in Saskatchewan, known as the "Dolly Gold Showing." In addition to its prolific history for gold mining, Wawa has shown promising signs of concentrated kimberlite indicators, a favorable geological formation for diamond exploration. Auric has undertaken significant efforts to assure its shareholders and potential investors that the properties it explores deserve the investment of time, effort and financial commitment necessary to establish successful mineral production in the future.

For more information please visit the Company's website at or

Forward-looking Statement:

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 -- forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and services demand and acceptance, changes in technology and in economic, political and regulatory conditions and to all of the risks generally associated with a company at Auric Mining's stage of development. All such forward looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

Contact Information