[July 18, 2011] Jay Taylor's "Gold, Energy & Tech Stocks" newsletter gives Augen Gold (TSXV:GLD) a Buy Recommendation - Video Summary Posted on Investmentpitch.com Tweet U.S.A., Jul 18, 2011 (Thomson Reuters ONE via COMTEX) -- Vancouver, British Columbia, July 18, 2011 - Jay Taylor, in the latest edition of the J. Taylor's Gold, Energy & Tech Stocks newsletter, gives Augen Gold (TSXV:GLD) a buy recommendation. This recommendation came as a result of Jay's recent interview of J. David Mason, Augen's Founder & CEO, in Jay's Face the Analyst series of videos, which are available on www.investmentpitch.com. Augen Gold is a little known junior exploration company that has a very strong potential to begin tabulating a very large gold resource on its Jerome Property in Ontario. InvestmentPitch.com has posted a "video news alert" based on the J. Taylor's Gold, Energy & Tech Stocks newsletter recommendation. If this link is not enabled, please visit www.investmentpitch.com and enter "Augen" in the search box. The company's claims, which are named the South Swayze Project, stretch over 45 kilometres in a northwest-southeast trend, consist of 23,685 hectares of staked and patented mining claims. It includes the old, high-grade, past producing, Jerome Mine, where a historical resource of 130,000 ounces had been outlined. While a lot of drilling will be required to prove it, Jay believes these claims have the potential to host gold mineralization in excess of many millions of ounces. Jay believes, given current gold prices, it may be very possible to apply a cut off in the 0.3 to 0.5 grams per tonne range, in which event there would appear to be a potential 1.1 million to 2 million ounce deposit at the Jerome Mine. The company recently posted a 3D model of its Jerome Mine area deposit, on the home page of its website. The 3D model provides the first graphical depiction of the resource at Jerome. Providing the background data for the 3D model is the preliminary resource summary for the Jerome Mine area, the final element of the anticipated 43-101-compliant report on Jerome. The 43-101, now in draft, will be published shortly. What is really exciting about this company is what it calls its North Shore properties. Two new maps on their website, entitled 'GLD North Shore Mag with DDH (west)' and 'GLD North Shore Mag with DDG (east)', outline the in-process and completed drill holes on the North Shore of Lake Opeepeesway. Held side by side, the two maps clearly show the strong east-west anomalies that have guided the company's drilling to date on the North Shore. "These developments highlight the speed at which we are building our understanding of the overall GLD deposit," said J. David Mason, President and CEO of Augen Gold Corp. "The 3D model is a tremendous advance; for the first time we can begin to visualize how our deposit at Jerome is shaped. The maps of the North Shore enable stakeholders to track GLD's drilling and assaying with real immediacy. We are extremely pleased with the progress of our geological team, both in-house and independent." Looking at the size of the anomalies as well as the high-grade vein systems, Jay is thinking in terms of a multimillion ounce deposit that could grow to upward and possibly beyond 10 million ounces. Jay believes Augen Gold has the potential to outline one of the larger gold resources discovered in recent years in Canada. Interestingly, at the close of business on July 8th, Augen received, what appears to be a hostile takeover bid by Trelawney Mining, who owns the nearby Cote Lake Gold Deposit, where a NI 43-101 gold resource of 4 million ounces has been outlined. The share exchange offer had an implied price of $0.32 per share. Augen's shares are trading around $0.35, up from the $0.28 price on the day Jay published his report. With approximately 128 million shares outstanding, the company is capitalized at $ 45 million. For a more information on Augen Gold, visit their website www.augengold.ca, phone J. David Mason at 416-915-4231 or email [email protected]. To subscribe to the J. Taylor's Gold, Energy & Tech Stocks newsletter, please visit http://www.miningstocks.com/subscribers/. CONTACT: InvestmentPitch.com Barry Morgan, CFO 604-684-5524 This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: InvestmentPitch via Thomson Reuters ONE HUG#1531786 [ Back To TMCnet.com's Homepage ]