AuEx Ventures Inc.

Published : June 11th, 2009

Initial Column Leach Test Results Announced For Long Canyon

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Keywords :   Argentina | Gold | Market | Precious Metals | Recovery | Spain | Xau |

Re:        News Releases - Thursday, June 11, 2009
Title:     Initial Column Leach Test Results Announced For Long Canyon

AuEx Ventures, Inc. ("AuEx" or the "Company") is pleased to announce that gold recoveries averaging as high as 90.1% have been received from the initial series of column leach tests performed on four bulk samples of gold mineralization from the Company's Long Canyon gold deposit in joint venture with Fronteer Development Group, Inc. These results provide continuing support that gold mineralization at the Long Canyon Venture is readily amenable to standard heap- leach process technology.

In late 2008, four bulk samples, each weighing approximately 1.5 tons, were obtained from outcrop exposures of gold mineralization in road-cuts at the Company's Long Canyon gold project and submitted to McClelland Laboratories, Inc. of Sparks, Nevada for a series of column leach tests at crush sizes of -25 mm (-1 inch) and -75 mm (-3 inch). Gold recovery rates for all of the samples were rapid and gold extraction was substantially complete within the first 10 to 15 days of leaching. Gold recoveries for the -75mm feed size ranged from 84.2% to 96.6% (89.7% average) in approximately 65 days of leaching and rinsing. Column leach gold recoveries for the -25mm feed size ranged from 85.6% to 96.3% (90.1% average) in approximately 69 days of leaching and rinsing. Reagent consumption levels were low and no solution percolation, fines migration, solution channeling or slumping problems were evident in this initial phase of column leaching. Cumulative recovery charts for the column leach tests on the four samples are posted on the Company's website.

Additional column leach test work is planned during 2009 as part of the current $14.1 million work program currently underway at Long Canyon. These new column leach metallurgical tests will be performed on deeper, sub-surface samples of gold mineralization obtained from drilling of 17 PQ sized (4.5 inch diameter) core holes that were completed in May. The results of this work will be available later in 2009.

Gary Simmons, a Qualified Professional with the Mining and Metallurgical Society of America and consultant to the Long Canyon Venture, is the Qualified Person who has overseen the collection and verification of the data for this release and has reviewed and approved the content.

AuEx Ventures, Inc. is a precious metals exploration company that has a current portfolio of twenty one exploration projects in Nevada, two projects in Argentina and one project in Spain. The Company controls about 176,000 acres of unpatented claims and fee land in prospective areas of Nevada. Nine of the projects are in exploration earn-in or formal joint venture agreements with four companies who provide exploration funding. The Company applies the extensive exploration experience and high-end technical skills of its founders to search for and acquire new precious metal exploration projects that are then offered for joint venture.

AuEx Ventures, Inc.
By: Ronald L. Parratt, President & CEO
contact: Ronald L. Parratt 775-337-1545 or rparratt@auex.com

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although the management of AuEx believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward- looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.


Copyright � 2009 AUEX VENTURES INC. (XAU) All rights reserved. For more information visit our website at http://www.auexventures.com/ or send email to info@auexventures.com ..

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Gold and Silver Prices for these countries : Argentina | Spain | All

AuEx Ventures Inc.

CODE : XAU.TO
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AuEx Ventures is a exploration company based in Canada.

AuEx Ventures is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 635.1 millions as of today (US$ 408.1 millions, € 368.0 millions).

Its stock quote reached its lowest recent point on October 24, 2008 at CA$ 0.80, and its highest recent level on September 16, 2024 at CA$ 9.17.

AuEx Ventures has 69 260 000 shares outstanding.

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Annual reports of AuEx Ventures Inc.
2009 Annual Report
2008 Annual report
2008 Annual Report
Financings of AuEx Ventures Inc.
6/13/2009$11 Million Private Placement Upgraded To Bought Deal Offeri...
5/20/2009Announces $11 Million Private Placement
2/17/2009Announces $8.6 Million Private Placement
11/28/2008Closes $4.4 Million Private Placement
Project news of AuEx Ventures Inc.
6/9/2010(Long Canyon)Long Canyon NE high grade zone grows with 69.5 feet of 0.479...
3/4/2010(West Pequop)West Pequop Final 2009 Drill Results And Exploration Update
2/16/2010(Hays Canyon)Sinter Agreement Signed With Christopher James Gold
11/17/2009(West Pequop)Additional Gold Mineralization Drilled At West Pequop
10/14/2009(Baza)Signs Baza Project Earn in Agreement: New Iron Oxide Copper ...
10/1/2009(Long Canyon)Gold Mineralization Extended 500 Meters Southwest At Long Ca...
9/17/2009(Long Canyon)Highgrade Extension At Long Canyon West Zone Adds 650 Feet O...
8/20/2009(Long Canyon)Long Canyon Gold Deposit Moves Forward
8/12/2009(Long Canyon)Strong 2009 Drill Results Continue For Long Canyon Gold Depo...
6/29/2009(Long Canyon)2009 Drilling Expands Long Canyon Gold Deposit
6/11/2009(Long Canyon)Initial Column Leach Test Results Announced For Long Canyon
2/23/2009(Santa Cruz Project)Argentina Exploration Update
2/20/2009(Klondike North)Klondike North Drill Results
1/26/2009(Long Canyon)Drill Results Confirm And Extend Gold Zones At Long Canyon
11/18/2008(Long Canyon)Gold Mineralization Extended Further At Long Canyon
11/10/2008(West Pequop)West Pequop Reports 73 Feet At 0.37 Ounces Gold Per Ton, Inc...
9/29/2008(Long Canyon)Long Canyon Venture Drilling Extends Gold Mineralization 400...
9/24/2008(Long Canyon)Fronteer Vests 51% At Long Canyon
9/11/2008(Long Canyon)More Strong Gold Results At Long Canyon
8/19/2008(Long Canyon)TEST 1: Long Canyon Drilling Returns 75 Feet At 0.226 Opt Go...
6/19/2008(West Pequop)Vests 51% At West Pequop And Elects To Carry Auex To Earn Ad...
5/6/2008(Long Canyon)Drilling Resumes At Long Canyon
2/15/2008(Long Canyon)Long Canyon Core Hole Returns 90 Feet At 0.12 Ounce Per Ton ...
Corporate news of AuEx Ventures Inc.
4/1/2010Trinity Agreement Signed with Liberty Silver Corp.
2/25/2010Santa Cruz, Argentina- Initial Drill Results And Exploration...
12/14/2009Signs Wood Hills South Project Earn in Agreement
8/27/2009Pequop South Gold Exploration Property Optioned
6/16/2009Shareholders Ratify Adoption Of Shareholder Rights Plan
5/22/2009Pequop: The New Gold District In Nevada
5/13/2009Adds 96,000 Acres Of Land In Northeastern Nevada
1/22/2009West Pequop Returns 141 Feet At 0.238 Ounces Gold Per Ton
11/21/2008SFO Hard Assets Investment Conference
9/17/2008 Attend Toronto Resource Investment Conference
7/29/2008Long Canyon Drilling Returns 125 Feet At 0.13 Opt Gold
7/7/2008Commence Trading On The Toronto Stock Exchange
6/26/2008Signs Four Proprty Deal in Nevada with Eldorado Gold
3/26/2008Bunce Assay Results
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