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A tough time to go public, AUJ was listed 2 weeks ago, likely many weren't even looking. another strong reason to do your DD here. From what I understand David Mason-Founder of Augen Capital.......
Augen Capital Corp. is a merchant bank that specializes in the financing of and investment in very early stage resource companies. Augen's principals and advisors have many years of collective experience and expertise in identifying properties with substantial mineralization. The company's expertise relating to resource financing is exceptional. Augen has an outstanding track record in sourcing, structuring and executing merchant banking investments in the natural resource field. In its first ten years, Augen has completed 250 investments and financings.About Augen Capital Corp.
Augen trades on the TSX Venture Exchange (AUG.V)
Lets see David's Bio:
Meet The Management
J. David Mason
Mr. Mason graduated with a B.A.Sc. from the University of Toronto in 1967 (Engineering & Economic geology), and from McGill University in 1969 with M. Eng. (Mining), specializing in management sciences and mineral economics. His work experience in the mineral business included positions with Noranda Mines and Rio Algom as well as being a policy analyst for the Ontario Government. Mr. Mason spent 25 years in the investment business of which 10 years was as a Mining Analyst (Wood Gundy & Walwyn Inc.), approximately 11 years in corporate finance, plus IDA Member Firm branch management, and four years as an advisor to individual investors.
Hmmmm interesting...now whose leading this company....
Mr. Fowler has over thirty years experience in the mining industry, concentrating for the past twenty years in mining finance. He was involved in the discovery of the Cigar Lake uranium mine in Northern Saskatchewan. Following his ten years of technical mineral exploration and geophysical experience, Mr. Fowler has been a senior metals analyst with major institutional firms including Scotia Capital, Lévesque Beaubien Geoffrion Inc., and most recently as Vice President at Desjardins Securities Inc. Mr. Fowler holds a B.Sc in Geology-with-Geophysics, M.Sc in Mineral Exploration and an MBA.
then add some of this......
100% of the Jerome Property acquired on October the 3rd for $2,750,000.00 cash from Coldrock Resources Inc.
The Jerome Mine Site is within the 63 Patented claims, representing 1019 Hectares part of the larger parcel of patented and unpatented claims in the Osway and Huffman Townships situated between Sudbury and Timmins, 35 kilometres West of Highway 144 on Highway 560 then 11 kilometres north on a bush road.
The Jerome Mine a past Gold and Silver producing mine is situated on the South Shore of the main NNW trending peninsula in the Opeepeesway Lake and approximately in the middle of the 8km long block of patented claims
The Jerome Mine operated from 1941 to 1943. During that period of time the production from the mine was 56,878 oz of Gold and 15,105 oz of Silver.
The head grade was 0.182-0.189 oz gold/ton and a total of 335,060 tons of ore were mined from the Main zone
Recoveries were a respectable 90.07% to 92.44% using a cyanide mill and the Merrill - Crowe extraction process.
The Jerome Mine ceased operations in 1945 due to severe manpower shortages created by World War 2.
| Date | Author | Tons | Grade oz/ton | Cut-off oz/ton | Mining Width (feet) | Gold (oz) | Category | Remarks |
| 1945 | Jerome Mines | 335,000 | 0.19 | 0.13 | not given | 65,550 | Reported at closure, after dilution | |
| 1980 | Prospection Ltd. (Graham) | 335,000 | 0.19 | 0.13 | not given | 65,550 | "mineable" | Review of Jerome Mines data, suported by 1972 Eddy drill program |
| 1983 | Hill Goettler Delaporte | 583,000 | 0.2 | 0.10 | 5.00 | 118,349 | Regarded by DMBW as geological resource rather than mineable | |
| 1984 | For Osway Explorations, by DMBW (Arengi& Bevan) | 343,476 | 0.17 | 0.10 | 5.00 | 58,702 | Prov + Prob | To 500' level. Tonnage factor = 12 cu ft/ton; 10% dilution |
| 380,445 | 0.19 | 0.10 | 5.00 | 72,235 | Prov + Prob | To 800' level. 50% Prov + 50% Prob; 10% dilution | ||
| 417,939 | 0.2 | 0.10 | 5.00 | 84,121 | Prov+Prob+Poss | To 800' level, plus drill indicated possible resource east of workings | ||
| 1984 | Muscocho (Charpentier, McAdam Botsford) | 310,959 | 0.2 | 0.13 | 3.80 | 62,503 | Prob + Poss | |
| 1989 | Muscocho (Millard) | 635,504 | 0.19 | 0.10 | 4.00 | 120,296 | Prob + Poss | As per APEO Guidelines and National Policy 2a; Uncut and undiluted; Main Zone + South Zone. Tonnage factor revised to 11.44 (2.8 g/cm3). To 1100' level. |
| 577,495 | 0.20 | 0.15 | 4.00 | 115,713 | ||||
| 553,259 | 0.2 | 0.13 | 4.00 | 112,898 | ||||
| 2004 | Osprey (Puskas) | 583,068 | 0.2 | not given | not given | 118,362 | "All categories" | After 19 holes (News Release Sept 29, 2004), to 800 foot level |
| not given | not given | not given | not given | 86,269 | "proven/probable" | After 19 holes (Osprey News Release Sept 29, 2004), to 700 foot level. Drilling was nearly all Main Zone. |
* These are historical resource estimates and do not comply with standards of National Instrument 43-101
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Like Augen Gold? Then you might also be interested in Arianne Resources Inc.
