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Long Canyon
Status: Under Joint Venture
Technical Report
Long Canyon 2009 technical report (PDF 4.53MB)
Long Canyon 2008 technical report (PDF 5.10MB)
Pequop 2005 technical report (PDF 5.52MB)
Recent Press Releases:
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| June 29, 2009
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2009 Drilling Expands Long Canyon Gold Deposit
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| June 11, 2009
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Initial Column Leach Test Results Announced For Long Canyon
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| April 27, 2009
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Initial Metallurgical Results For Long Canyon Announced
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| March 20, 2009
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2009 Work Program For Long Canyon Announced
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| March 13, 2009
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First Resource Estimate For Long Canyon Confirms Potential Of The Pequop Gold District
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| January 26, 2009
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Drill Results Confirm And Extend Gold Zones At Long Canyon
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| December 29, 2008
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Gold Mineralization Extended In West Zone At Long Canyon
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| November 18, 2008
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Gold Mineralization Extended Further At Long Canyon
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| October 27, 2008
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Strong Gold Results Continue At Long Canyon
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| October 21, 2008
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Auex To Retain 49% Of Long Canyon |
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| September 29, 2008
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Long Canyon Venture Drilling Extends Gold Mineralization 400 Meters Northeastward Along Strike |
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| September 24, 2008
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Fronteer Vests 51% At Long Canyon
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| September 11, 2008
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More Strong Gold Results At Long Canyon |
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| August 19, 2008
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Long Canyon Drilling Returns 75 Feet At 0.226 Opt Gold In New Zone |
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| July 29, 2008
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Long Canyon Drilling Returns 125 Feet At 0.13 Opt Gold |
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| May 06, 2008
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Drilling Resumes At Long Canyon |
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| February 15, 2008
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Long Canyon Core Hole Returns 90 Feet At 0.12 Ounce Per Ton Gold |
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| January 7, 2008 |
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Long Canyon Core Hole Returns 75 Feet of 0.39 Ounce Per Ton |
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| November 26, 2007 |
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Long Canyon Mineralization Extended And Drilling Resumes |
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| October 17, 2007 |
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Long Canyon Drilling Extends Strike And Dip Of Gold Mineralization |
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| January 18, 2007 |
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Long Canyon Mineralization Extended/JV Agreement Signed |
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| November 14, 2006 |
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Long Canyon Drilling Resumes |
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| October 31, 2006 |
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Long Canyon Road Cut Sampling Exposes New Gold Mineralization |
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| September 21, 2006 |
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Long Canyon Drilling Extends Strike |
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Target: Extensions of a high-grade surface oxide Carlin System. Initial drilling covered 1300' of strike length over a 4,800' high grade soil and rock chip anomaly. Drilling in 2006 tested areas up to 1,200' to the SW and 500' to the NE. Drilling still needs to go another 1,800' to the SW to test the full strike length of the surface anomaly. There is still significant lateral extent to test on the surface anomaly as well as down dip extensions.
Location: The Long Canyon Project is about 25 miles ESE of Wells, Nevada just south of Highway 80 in Elko County Nevada. The project includes about 9,000 acres of claims and reserved mineral rights. AuEx contributed approximately 6,000 acres and NewWest contributed approximately 3,000 acres.
Ownership: A letter of intent agreement was signed with NewWest Gold Corporation ("NewWest"), a private exploration and development company. Each party will reserve a 3% net smelter royalty on lands contributed. To earn a 51% interest in the joint venture, NewWest must expend the first $5,000,000 on the joint venture properties within five years, with $400,000 committed in the first year. NewWest may earn an additional 14% to increase its joint venture interest to a 65% maximum by completing all subsequent expenditures through to completion of a feasibility study.
History: Exploration beginning in the mid 1990's in the Pequop Mountains by Pittston Nevada Gold discovered gold bearing jasperoids on the west side of the range. Exploration subsequently located anomalous gold on the east side of the range near Long Canyon but was not acted upon until a land exchange had occurred by the BLM involving some of the anomalous ground. One phase of drilling was carried out by Pittston in 1990 and it included 7 holes covering a small area of the northeast portion of the surface anomaly. Results were not very encouraging with the exception of one hole. AuEx acquired PNGC in 2004 and drilled another 7 holes in 2005 after a reinterpretation of the geology and increasing the exposure in this covered area. The 2005 results were highly encouraging. In 2006 NewWest Gold and AuEx entered into a JV and drilled 16 additional holes in August 2006.
Geology: Long Canyon mineralization is hosted in shelf carbonates of Cambro-Ordovician age. Mineralization is largely confined to the regionally equivalent Cambrian Notch Peak Formation and the Ordovican Pogonip Formation. There appear to be both high angle and low angle structures controlling the mineralization.
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Earlier Press Releases:
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