|
Contact: Connie M. Parratt
Investor Relations, 775-337-1545
|
News Releases
|
 |
| |
Long Canyon Drilling Resumes
AuEx Ventures, Inc. (AuEx) is pleased to announce the resumption of reverse circulation drilling by joint venture partner NewWest Gold USA, Inc. (NewWest) at the Company's Long Canyon gold exploration property located in Elko County, Nevada. Drilling commenced on November 8th and will include the remaining six holes of the original 22-hole program started in July plus seven additional holes building on the ongoing exploration success for a combined total of 4,550 feet.
AuEx and NewWest previously reported results of their 6,610-foot initial phase of drilling on September 21, 2006. Thirteen of the initial sixteen holes yielded significant near surface gold intercepts including the highest grade intercept obtained to-date. On October 31, 2006, both companies announced results from systematic rock-chip sampling of the approximately 5100 feet of access roads and drill pads constructed during Phase One. Intervals of strong gold mineralization documented by road cut sampling together with the drilling results support the ongoing efforts to determine the shape and extent of gold mineralization at Long Canyon.
The current drilling program has two main objectives:
• test for additional gold-bearing zones in the central part of the 4800 foot-long target area described in previous announcements, and
• test for extensions of gold-bearing zones down-dip and along strike from intercepts obtained in previous drilling.
Check assay and cyanide amenability tests are still in-progress for the initial phase of drilling.
AuEx Ventures, Inc. is a Nevada focused, precious metals exploration company that has a current portfolio of 15 exploration projects in Nevada and controls over 40,000 acres of unpatented claims and fee land. The Company applies the extensive Nevada 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 and CEO
Contact:
Deborah Thiel -- Manager Investor Relations
Telephone: 604-541-9655
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.
View News Release in PDF Format:
|
| |
| |
| | You can view the Next News Releases item: Mon Jan 8, 2007, Robert Boaz Joins AuEx Board of Directors
You can view the Previous News Releases item: Tue Oct 31, 2006, Long Canyon Road Cut Sampling Exposes New Gold Mineralization
You can return to the main News Releases page, or press the Back button on your browser.
|
|
|
|
News Release.pdf