Dallas, Texas 11/06/2013 (Financialstrend) – Highvista Gold provided an update on the recent events at its Canasta Dorada project located in Sonora State, in Mexico. AuRico Gold Inc (NYSE:AUQ) stated 1st drill-campaign on its El Chanate Extension, which had been very recently optioned by Highvista to the former. This announcement had been made on 28 June 2013. This El Chanate extension represents almost 30% of the AuRico Gold Inc (NYSE:AUQ) Canasta Dorada gold project.
AuRico Gold Inc (NYSE:AUQ) has been working consistently to identify potential drill-targets on the El Chanate fault-extension. It has recently completed five drill-holes. Three of these drill holes had been completed at the Caballo Pinto-target and the remaining 2 holes were drilled at the Chanate North-location. AuRico Gold Inc (NYSE:AUQ) is expecting to drill 5 more holes by 2013-end, and it intends on drilling 3 holes at the Alamo Muerte-target and 2 additional holes at the newly-defined Chupurate area.
In Tuesday’s trading, AuRico Gold Inc (NYSE:AUQ) dropped by 0.23%. The opening price of the shares was $4.23, which climbed to an intraday high of $4.36 and dipped to a close of $4.27. Approximately 1.65 million shares were traded on Tuesday while an average volume of 2.64 million shares were traded over a 30 day period. The 52-week low of AuRico Gold Inc (NYSE:AUQ) shares is $3.46 and its 52-week high is $8.53. The company has a market capitalization of $1.06 billion.
About the company
The Canada-based AuRico Gold Inc (NYSE:AUQ) is a gold producer that has mines & projects in North America. In conjunction with its subsidiaries AuRico Gold Inc (NYSE:AUQ) is engaged in mining, developing, exploring and acquiring resource properties. AuRico Gold Inc (NYSE:AUQ)’s core operations include the Young-Davidson gold-mine in northern Ontario & the El Chanate mine located in Sonora State, Mexico. The company’s project pipeline includes advanced development-opportunities in Mexico & British Columbia.