Auramex Resource Corp Georgie River Gold-Silver Project Key to Long Term Value
MONTREAL, QUEBEC – MomentumPR ‘s client Auramex Resource Corp. , is listed on the TSX Venture exchange under the symbol: AUX . (TSXV:AUX)
Momentum PR is pleased to have produced an informative and comprehensive report on Auramex Resources Corp o ration, available here – Auramex Resource Corp. Momentum Report .
Auramex Resource Corp. Highlights
- Auramex’ flagship project includes the historic Georgia River Mine, a high-grade gold mine 100% owned by Auramex.
- The high-grade deposit at the Mine, outlined by drilling and past production, confirms the presence of gold in this extremely large hydrothermal system.
- Drilling from 1978 to 2003 was primarily aimed at the area around the past production. Drilling encountered highly encouraging gold values along 400 metres of strike length and throughout the 100 metres of vertical extent probed by the drilling.
- Dr. Metcalfe (who is now Auramex Director and VP Exploration) confirmed the presence of Early Jurassic magmatic intrusions near the mine. Intrusions of that age are closely associated with many large gold deposits in the Golden Triangle.
- Information compiled by Auramex provides compelling evidence of a large gold-bearing geological system.
- Fieldwork by Auramex confirmed the presence of alteration, mineralization and strongly anomalous gold values in other areas of the property as well.
- Other projects for Auramex include American Creek, Bear Pass, Lower Bear and Tide North Project. Auramex has rigorously assembled properties previously explored piecemeal by various operators over the past century.
Auramex Resource Corp (TSXV:AUX) is a Canadian gold junior that creates shareholder value by applying its extensive geological expertise in the quest for large-scale gold discoveries. Advanced scientific work now underway is refining targets for a drill program intended to probe beneath the past-producing high-grade gold mine in the hunt for a multi-million oz. deposit. Georgia River Mine, the Auremex flagship project, is situated in an area known for million-ounce gold deposits; the Golden Triangle. Geological advances and infrastructure developments are turning the under-explored region into what investment analysts describe as the “centre of a new Canadian gold rush”. Georgia Mine, discovered in 1910, faced the challenges of difficult access at that time, as well as limits to the processing technology and was abandoned in 1939. The property laid dormant until the late 1970s. Drilling from 1978 to 2003 was primarily aimed at the area around the past production. Most of the work was conducted by juniors with the intent of re-starting the old mine. The minimal work conducted outside of the mine area found encouraging signs of a larger system, but there was no follow-up until the property was acquired by Auramex.
The geophysics outlined a large VTEM anomaly, interpreted as a conductive zone oriented along a southwest-dipping fault. Gold values in excess of a gram per tonne have been identified over an area in excess of a square kilometer largely co-incident with the geophysical anomaly.
The information compiled by Auramex provides compelling evidence of a large gold-bearing geological system of which the old mine is one small part. The work now underway is aimed at identifying concentrations of gold within that system outside of the known gold-bearing zone at surface.
Considering all 5 of Auramex’s projects, the primary focus now is to advance geological understanding. Auramex’ primary goal is to fund exploration at Georgia River and to seek joint venture funding for its other projects. The larger mining companies are interested in the Golden Triangle and looking for access to large blocks with well-defined geological targets.
Momentum PR is pleased to have produced an informative and comprehensive report on Rio Silver Inc., available here – Auramex Resource Corp. Momentum Report
If you would like more information on Auramex Resource please visit; www.auramex.com/
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British Columbia Golden Triangle Gold/Silver Rush: Stocks To Watch
British Columbia Golden Triangle is home to one of the world’s largest gold/silver mines in the world. Located in Western Canada along the British Columbia and Alberta border, the Golden Triangle first gained prominence in 1988 with the discovery of the Eskay Creek, which has turned out to be one of the most mineralized areas in the world.
After being deserted for decades, the Golden Triangle is yet again buzzing with exploration and mining activities thanks to geological and economic changes that have come to play in recent years. The Golden Triangle is once again a hotbed for exploration activities having emerged as the new Canadian gold rush epicenter. Researchers believe that gold endowment at the golden triangle could equal that of Nevada’s Golden Trend believed to be the host of the largest accumulation of gold in the Western Hemisphere.
The current rush is attributed to the fact that the Golden Triangle has the potential to host some of the world’s most profitable deposits made up of high-grade gold as well as silver veins. Mining companies have also discovered large scale porphyries as well as volcanogenic sulfide also known for possible large-scale gold deposits.
In light of the price of gold surging to a six-year high alongside signs of an edging silver hike, the Golden Triangle is looking highly attractive to gold investors. With more than 130 million ounces of gold and 800 million ounces of silver, as well as 40 million pounds of copper discovered, now may be the best time for mining companies to pump money into the highly mineralized area.
Exploration in the Golden Triangle is also cost effective thanks to new infrastructure made up of roads as well as shipping facilities and electricity generation. Likewise, the golden triangle has a connection to a high voltage line that continues to provide a reliable source of energy for mining operations. The new geological model, as well as first nation relationships, has also opened the door for mining companies to explore the area.
Stocks To Watch
Crystal Lake Mining Corp (TSX.V: CLM) is one of the companies that are conducting meaningful exploration and mining activities at the British Columbia Golden Triangle. The company owns significant prospective land in the triangle totaling 436 square kilometers as part of its Newmont Lake Project, mostly in and around the Eskay region.
The Newmont Lake project has already exhibited solid potential affirming Crystal Lake’s position as one of the elite players in the Golden Triangle. The company’s geologist has already discovered a copper-rich porphyry system that has the potential to generate significant returns when fully mined. Backed by a solid balance sheet, the company remains well-positioned to bring the Newmont project to fruition and generate significant returns for shareholders.
Auramex Resource Corp. (TSX.V: AUX) is another Canadian exploration and mining company sending shockwaves in the Golden Triangle. The company owns a 6,400-hectare property located on Highway 37A at the Stewart camp. Modern explorers have overlooked this region choosing to focus further north uncovering mines such as Brucejack, producing nearly 400,000 oz of gold per year. Also, Premier Mine, approximately 29km north/west of Stewart, is also known to be one of the most important mines in BC.
Consequently, the company has consolidated a significant land position on which it plans to deploy its geological expertise in the quest for large mineral discoveries.
Some of the properties that the company has acquired have a well-documented historic production with solid evidence of gold/silver mineralization.
- Published in Auramex, Crystal Lake Mining, Gold, Mining, News Home
Exploration Underway at Historic Gold Mine
Auramex Resource Corp. (the “Company” or “Auramex”) (TSX.V: AUX) reports that exploration is progressing at the past-producing Georgia River gold mine, with the geological team reviewing and analyzing drill core from previous operators. This high-grade gold mine, which last operated in 1939, was explored from the 1970s by several companies with the intent of restarting the mine.
Work by Auramex has generated compelling evidence in support of a large gold target underlying the area of previous work. The present work is aimed at refining drill targets for a first test of that projected gold zone.
The current program includes measurements of rock composition by X-ray fluorescence spectrometry and measurements of spectral reflectance in the visible and short-wave infrared wavelengths. Both sets of measurements are being conducted on samples of historic diamond drill core from the mine area, with the samples selected during 2019 relogging of the core.
Results will be combined with planned petrographic and whole-rock lithochemical analyses and with results from structural mapping of the Mine and Hume Creek areas to assemble a clear picture of the ancient hydrothermal system. It is now recognized that only a small part of that massive system was worked by the past producing mine.
The Georgia River project is closely associated with an Early Jurassic intrusion, a hallmark of large gold deposits in the Golden Triangle. A regional-scale deformation zone provided the “plumbing system” for hydrothermal fluids related to the intrusion. Surface samples spanning more than a square kilometre on surface carry gold values in excess of a gram per tonne, demonstrating the extensive nature of the system. Historic values in the old workings and in the drill core show the potential of that system to host high gold values.
Auramex President and CEO Lawrence Roulston noted: “An enormous amount of work was done by previous operators at the Georgia River gold mine but focused around the old mine. Auramex augmented the prior results with airborne geophysics and other information. There is clear evidence of an extensive geological system with potential for a large gold deposit underlying the previously mined area.”
Results of the work by Auramex geologists suggests that the area of the mine workings is peripheral to the core of the hydrothermal system. The work now underway is aimed at developing vectors toward the most prospective areas within that system as a basis for designing a drill program.
The technical disclosure in this release has been read and approved by Dr. Paul Metcalfe, PhD, P.Geo., a qualified person as defined in National Instrument 43-101.
About Auramex Resource Corp.
Auramex is focused on exploring a large and highly prospective property portfolio in the Stewart camp, at the southern end of the Golden Triangle in British Columbia. The Company’s extensive knowledge in the Golden Triangle aims to maximize shareholder value by deploying a systematic and comprehensive exploration approach, that fuses “traditional” and emerging, cutting-edge exploration techniques.
On behalf of the Board of Directors:
Lawrence Roulston
President & CEO
For further information, contact:
Nancy Curry
Corporate Communications
info@auramex.com
www.auramex.com.
Auramex Engages Momentum and Appoints Michael O’Brien as Corporate Secretary
Auramex Resource Corp. (the “Company” or “Auramex”) (TSX.V: AUX) announces that it has retained Momentum Public Relations Inc. (“Momentum”) to assist with strategic business development activities.
Momentum, a Montreal, Quebec based public relations firm, will assist the Company in increasing public awareness by managing the Company’s corporate communications and marketing activities and facilitating dialogue with the Company’s shareholders, finance professionals, analysts and media contacts within the North American investment community. The agreement with Momentum has a term of 6 months at $9,500 month.
The agreement with Momentum is subject to approval by the TSX Venture Exchange.
The Company also announces that Ms. Janice Davies has stepped down as Auramex’s Corporate Secretary and Mr. Michael O’Brien, Auramex’s CFO will also assume the role. The Company would like to thank Ms. Davies for her professionalism and work on behalf of the Auramex and wish her well in her future endeavours.
About Momentum
Momentum assists public companies in distributing their messaging to target audiences within the North American investment community. Through a national network of institutional investors, analysts and financial media relationships, the team may communicate the clients’ value drivers, growth potential and development vision clearly and efficiently. The experienced team of communications specialists work closely with senior management to build campaign objectives and market activity while executing on a long-term investor relations strategy and respond to immediate changes.
About Auramex Resource Corp.
Auramex is focused on exploring a large and highly prospective property portfolio in the Stewart camp, at the southern end of the Golden Triangle in British Columbia. The Company’s extensive knowledge in the Golden Triangle aims to maximize shareholder value by deploying a systematic and comprehensive exploration approach, that fuses “traditional” and emerging, cutting-edge exploration techniques.
On behalf of the Board of Directors:
Lawrence Roulston
President & CEO
For further information, contact:
Nancy Curry
Corporate Communications
info@auramex.com
www.auramex.com.