Auric Mining Co. today announced that it has received a tender of $250,000 from Krolyk Construction Inc. and advanced an initial deposit to upgrade a leased facility, which was previously occupied for more than ten years by Noranda Inc. as its Geological field office in North Western Ontario.

The building will be utilized as the company’s head office, repair depot, and storage facility for its operations. Situated on 7 acres, the building has over 10,000 total square feet of useable space and contains a Core Lab area which was originally set up by Noranda Inc., which was one of the largest mining and metals companies in the world with operations in 18 countries.

According to the press release, Auric’s planned new operations base is located in the center of one of the most prolific gold producing regions in North America, if not the world. The surrounding industrial mining area is currently being increased for access to large transports. Furthermore, numerous industry leading gold producing corporations are currently based within a 300 km area.

The company also plans to build an additional building for storing its mining records and core samples.

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