LATEST UPDATES
Feb 01, 2010: News Releases: Final 2009 Long Canyon Holes Produce Strong Result... (more...)

Jan 15, 2010: News Releases: Stepout Hole At Long Canyon Reports 160 Feet @ 0.1... (more...)

Jan 06, 2010: News Releases: Step-Out Hole At Long Canyon Reports Highest Grade... (more...)

Dec 21, 2009: News Releases: Long Canyon Project Proceeds Toward Feasibility (more...)

Dec 14, 2009: News Releases: AuEx Signs Wood Hills South Project Earn in Agreem... (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-based precious metals exploration company formed in 2003 to capitalize on the in-depth experience, technical capability and historical successes of the founding management team. AuEx trades on the Toronto Stock Exchange under the symbol XAU. The company believes that its joint venture business model is the most effective approach to the mineral exploration business because it: a) reduces financial risk, b) minimizes share dilution, and c) optimizes exposure for exploration success.

AuEx controls over 167,000 acres of unpatented mining claims and fee land, and has a current portfolio of 23 exploration projects, eleven of which are under exploration earn-in or joint venture agreements with seven companies who are providing funding for exploration.

2009:

2009 is proving to be a very exciting and productive year for AuEx and its funding partners. The Company expects that over $25,000,000 will be spent on exploration during 2009, which includes planned expenditures on the Long Canyon and West Pequop projects located in Nevada's Newest Gold District.

Long Canyon Highlights:
- New Carlin-type Mineral Deposit that has multiple zones of gold
mineralization
- High-grade, near surface, oxide gold deposit, open-pit amenable
- 5,460 feet long and 800+ feet wide-open on strike and depth
- Initial NI-43-101 Report released in March 2009, 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)
- AuEx Ventures, Inc. is 49% owner

The 2009 exploration program for the Long Canyon joint venture will consist of 35,000 meters of reverse circulation and core drilling. The program is designed to extend gold mineralization to the southwest and northeast, to increase the confidence level of the known gold mineralization, and to discover new gold mineralization on the 12,000 acre property. The program will include drilling to the northeast where drilled mineralization remains open, and to the southwest of known mineralization where 450 meters of a soil gold anomaly remains untested.

In addition, preliminary engineering and environmental studies will be conducted, as well as metallurgical studies to assess potential processing options.

West Pequop Highlights:
- Carlin-type Gold Mineralization
- Three gold deposits that include Acrobat, Section 34, and Mountain Top
- Gold Mineralization occurs in at least 3 distinct stratigraphic
positions within the enclosing Cambrian and Ordovician limestone and
dolomite assemblages.
- Mineralization remains open along strike and at depth

Agnico-Eagle plans to continue an aggressive exploration program for the West Pequop Venture with a budget of approximately $4 million. Exploration drilling during 2008 conducted in the Section 34, Mountain Top, Acrobat/Juggler, and Range Front target areas expanded the extent of grade gold mineralization at Section 34 and Mountain Top, and established the presence of gold mineralization at the Range Front Target. The 2009 exploration program is designed to expand the known gold-bearing zones and discover new gold mineralization in other areas identified by surface sampling and geological mapping.

Other Nevada Properties:
Our joint venture partner, Eldorado Gold Corporation, is preparing to drill the Hays Canyon project in mid-2009. Surface exploration work is continuing at Buffalo Canyon and Green Monster, and permitting has begun in anticipation of drilling in 2010.

Argentina:
AuEx has a strategic alliance with Agnico-Eagle in Santa Cruz Province, Argentina, for generative exploration in which costs are shared 30%/70%. AuEx has applied for exploration rights on 11 parcels and has leased exploration rights on 4 parcels. These define thirteen distinct land packages of mineral rights totaling almost 90,000 hectares, all in mining friendly Santa Cruz Province. To date, Agnico-Eagle has accepted two projects, Meridiano and Gertrudis, for further exploration work and has committed to fund 100% of the costs. Agnico can vest 60% interest in these properties upon completion of $1M in exploration expenditures, and earn an additional 10% by carrying costs through feasibility capped at $10M. Drilling at Meridiano is planned for late 2009, and additional generative exploration work is ongoing in Argentina.

Spain:
AuEx's Baza project in southeastern Spain is a new large IOGC District where regional stream sediment sampling has been conducted and follow-up rock chip sampling completed. More is planned in 2009. An initial mineral license has been granted with additional applications filed. The property is 100% owned by AuEx, and is available for a joint venture or earn-in agreement.

Ronald L Parratt, President & CEO of AuEx, states "2009 will be a very exciting year for AuEx, and we look forward to the results of our efforts over the next several months. Thank you for your support, loyalty, and dedication to our Company."

JOINT VENTURE OPPORTUNITIES:

The company continues to leverage the extensive in-house exploration experience and high-end technical skills of its founders to grow its portfolio of exploration projects. AuEx will then offer projects it has advanced to select partners under exploration earn-in/joint venture arrangements following its joint venture business model. Subsequent exploration will, with good fortune, lead to discovery and additional value creation for AuEx shareholders.

For a complete list of AuEx Ventures, Inc. Joint Venture Opportunities, please visit www.auex.com; go to Exploration then Property Summary.


STOCK QUOTE
Date: 02-08-2010
Time: 15:58
Last: $C 2.92
Volume: 83590
Change: -0.03
15-20 min delay

Upcoming Events
Vancouver Resource Investment Conference

for more information...
Mineral Exploration Roundup 2010

for more information...

Features

PEQUOP: The New Gold District in Nevada.

AuEx Ventures Opens the Market
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.