LATEST UPDATES
Sep 29, 2008: News Releases: Long Canyon Venture Drilling Extends Gold Minerali... (more...)

Sep 24, 2008: News Releases: Fronteer Vests 51% At Long Canyon (more...)

Sep 11, 2008: News Releases: More Strong Gold Results At Long Canyon (more...)

Aug 19, 2008: News Releases: Long Canyon Drilling Returns 75 Feet At 0.226 Opt ... (more...)

Jul 29, 2008: News Releases: Long Canyon Drilling Returns 125 Feet At 0.13 Opt ... (more...)

Dec 26, 2007: Resource World Radio broadcast: Interview with President Ronald Parratt show #38 just following the 22 minute mark.(more...)

Get additional data including Insider Trades, Moving Average Price Charts, Price Volatility Charts, Price Performance Charts, and much more.

AUEX VENTURES INC.

AuEx Ventures Inc. "AuEx" is a Nevada focused, precious metals exploration company trading on the Toronto Stock Exchange under the symbol XAU.

AuEx controls over 80,000 acres of unpatented claims and fee land, and has a current portfolio of 18 exploration projects in Nevada, 9 of which are under exploration agreements. The company also has a major iron oxide copper gold (IOCG) project in Spain. AuEx has a wholly owned subsidiary (AuEx Argentina, S.A.) actively exploring in Santa Cruz Province Argentina for epithermal gold. This effort is funded 70% by Toronto based Agnico Eagle, Inc.

AuEx employs a joint venture business model whereby it works as a project generator and then brings in partners who fund exploration to earn an interest in the projects. This approach helps to keep the share structure of AuEx tight and exposes AuEx shareholders to the upside opportunity from many projects with minimal dilution.

AuEx and its partners drilled 149 holes totaling over 100,000 feet in 2007 in Nevada on 8 projects. The most significant results have come from our Long Canyon project funded by Fronteer Development and the West Pequop project funded by Agnico Eagle. Both projects are reporting drill intercepts of high grade, oxide gold mineralization from near surface with some results from 2007still pending.

Other projects drilled during 2007 include Trinity Silver (Piedmont Mining), Bunce (North Range Resources), Gypsum Valley (Tournigan Gold), Fireball Ridge (Tournigan Gold), Leonid (Nevada Superior) and Swiss Bank (Hawkeye Gold and Diamonds).

In addition to the drilling activity during 2007, the Company generated several new exploration projects in Nevada including Antelope Zinc (zinc oxide), HUM (Carlin Style Gold), Reef (Carlin style gold) and Hays Canyon (low-sulfidation epithermal).

The Baza Project in southern Spain represents the recognition of a new large district of iron oxide copper gold (IOCG) mineralization. AuEx has conducted regional stream sediment and rock chip sampling and subsequently have secured licenses covering several key areas. Work is ongoing and further land acquisition is expected.

AuEx Argentina, S.A. has recruited two experienced geologists with extensive resumes in South America including Exploration Manager James Lunbeck and Manager of Geologic Services Dr. Paul Robinson. Exploration efforts at present are focused in Santa Cruz province of southern Argentina and are 70% funded by Agnico-Eagle, Inc. Generative exploration is ongoing based largely on Thematic Mapper satellite imagery processed using proprietary algorithms developed by AuEx staff. Land acquisition has commenced both by filing of cateos and by leasing.

In 2008, AuEx is planning to have third party prepared 43-101 reports available which will provide initial resource estimates for the company's Long Canyon and West Pequop gold projects in Elko County, Nevada. Extensive drilling has been conducted on both projects and we anticipate that at least $6 million will be spent on these projects this year.

The company intends to continue to leverage the extensive in-house exploration experience and high-end technical skills of its founders to grow its portfolio of exploration projects. The company will then offer projects it has advanced to select partners under joint venture arrangements following its joint venture business model. Subsequent exploration will, with good fortune, lead to discovery and value creation for AuEx shareholders.
STOCK QUOTE
Date: 10-07-2008
Time: 15:47
Last: $C 1.48
Volume: 45650
Change: +0.08
15-20 min delay

Click here to view Current Drilling

Disclaimer
COPYRIGHT
© 2005, by AuEx Ventures Inc.
All rights are reserved for all countries, including the right of translation. No part of this website's contents may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photography, recording, xerography, computer scanning or any information or storage and retrieval system now known or to be invented, without permission in writing from AuEx Ventures, Inc.