DESCRIPTION: AuEx Ventures, Inc. ("AuEx") is an advanced-exploration to development stage Nevada-based precious metals company that controls about 176,000 acres of unpatented mining claims and fee land. The company has a current portfolio of 24 exploration projects in Nevada, 7 of which are under exploration earn-in or joint venture agreements; five projects in Argentina, 2 of which are under joint venture agreements; and one project in Spain. AuEx and its partners anticipate expenditures of over $21,000,000 in 2009, which includes planned expenditures on the Long Canyon and West Pequop projects located in Nevada's newest gold district, known as "Pequop."
Highlight: In March 2009, an Initial NI-43-101 Report on Long Canyon announced 363,000 ounces of Au of Indicated Mineralization, and 459,000 ounces of Au of Inferred Mineralization (0.3 g/t cut-off grade). To review the Initial NI-43-101 Report on Long Canyon or learn more about our company and properties that are available for joint venture, please visit: www.auex.com.
The information below is based on the most recent information we have
received from analysts and the companies participating in The Gold Report.
We encourage you to visit the company's web site for updates.
"AuEx Ventures Inc. has signed a new exploration earn-in agreement on the Pasco Canyon project with Christopher James Gold Corporation. Pasco Canyon is located in northern Nye county, Nevada, on the east side of the Toquima Range near the Round Mountain, Gold Hill and Northumberland gold deposits, which are reported by the owners of those projects to have past production plus current resources of about 20 million ounces of total gold.
The prospect shares both structurally setting and epithermal style mineralization with Round Mountain, as it is a gold-bearing low sulphidation system, the upper sections, located on the edge of a circular caldera structure.
Max Baker is an ex-Newcrest geologist with extensive experience in these systems, so the fact that he believes it warrants drilling is positive."
-JOE MAZUMDAR, HAYWOOD SECURITIES
(02/17/10)