=======================================================================
Re: News Release - Thursday, February 25, 2010
Hays Canyon Agreement Signed With Christopher James Gold
=======================================================================
AuEx Ventures, Inc. ("AuEx" or the "Company") is pleased to report the
signing of a third new exploration earn-in agreement with Christopher
James Gold Corp ("CJGC"). This agreement follows the signing of the
Pasco Canyon earn-in agreement announced in press release NR10-04 on
February 16, 2010 and the Sinter agreement announced in press release
NR10-06 on February 23, 2010. The Hays Canyon project is located
approximately 60 miles northwest of Gerlach in northern Washoe County,
Nevada.
The Hays Canyon project area contains a volcanic hosted, epithermal
gold system localized by a series of felsic flow domes and associated
silicification and argillic alteration. The property contains a series
of northwest trending structural zones which are anomalous in gold and
pathfinder elements based on rock chip sampling. Prior exploration on
the property consists of a series of shallow rotary holes completed in
the mid-1980's and, more recently, 2 deeper reverse circulation drill
holes. Under the terms of the agreement, CJGC is required to expend
US$3 million within five years to earn an undivided 51% interest in the
project. The agreement also provides an option for CJGC to earn an
additional 19% for 70% total by expending an additional US$2 million on
the property within the following two years. Work commitments escalate
over the initial 5 year earn in period.
In December 2009, Eldorado Gold Corp. released the Hays Canyon project
from a September 15,2008 option earn-in agreement with AuEx.
AuEx Ventures, Inc. is a precious metals exploration company that has a
current portfolio of twenty one exploration projects in Nevada/Utah,
four projects in Argentina and one project in Spain. The Company
controls about 167,000 acres of unpatented claims and fee land in
prospective areas of Nevada. Thirteen of the projects are in
exploration earn-in or formal joint venture agreements with seven
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 (c) 2010 AUEX VENTURES INC. (XAU) All rights reserved. For
more information visit our website at http://www.auexventures.com/ or
send mailto:info@auexventures.com
=======================================================================
.
|
AuEx Ventures Inc.
|
|
|
CODE : XAU.TO |
|
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
AuEx Ventures est une société d’exploration minière basée au Canada. AuEx Ventures est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 635,1 millions CA$ (408,1 millions US$, 368,0 millions €). La valeur de son action a atteint son plus bas niveau récent le 24 octobre 2008 à 0,80 CA$, et son plus haut niveau récent le 16 septembre 2024 à 9,17 CA$. AuEx Ventures possède 69 260 000 actions en circulation. |