Target: The Spruce property contains one or more Carlin-type gold systems hosted by Paleozoic carbonate and siliciclastic rocks. Drilling in recent decades has intersected strongly anomalous intervals of gold in Devonian to Mississippian limestone and calcareous siltstone. Also, potential exists for mineralization in karst environments developed within the Ordovician Pogonip Group, along the inferred Ordovician-Cambrian unconformity, and beneath low-angle faults zones.
Location: The Spruce Mountain Project is located in southeastern Elko County, Nevada and at the southwest terminus of the Pequop Mountains. The project is approximately 40 miles south of Wells and interstate highway I-80.
Ownership: AuEx has 100% ownership of approximately 3600 acres (1457 hectares) of unpatented mining claims.
Geology: Spruce Mountain is a northeast-trending horst bounded by steeply-dipping normal faults. The sedimentary sequence exposed within the project area consists of Paleozoic carbonates and siliciclastics intruded by poly-phase dikes, sills, and stocks of undetermined age. The horst exposes Middle Paleozoic rocks, whereas the hanging walls of the normal faults preserve Upper Paleozoic rocks. Mineralization recognized in historical mining and exploration programs occurs as base-metal/silver veins, poly-metallic skarns, replacement deposits, silicified breccia bodies, quartz stockwork zones, gold-bearing jasperoids, and gossans. Gold occurs in proximal skarns and replacement deposits and in distal jasperoids, karst and solution collapse breccias, and shear zones.
AuEx Ventures, Inc. is currently seeking a joint venture partner for the Spruce Mountain property. To learn more about this property and other joint venture opportunities, please contact Eric M Struhsacker, Exploration Manager, US at (775) 337-1545 or estruhsacker@com..
AuEx Ventures, Inc. is a TSX listed precious metals exploration company that has a current portfolio of over twenty properties in Nevada/Utah, four projects in Argentina and one project in Spain. The Company controls over 167,000 acres of unpatented claims and fee land. Fifteen of the projects are in joint venture or earn-in agreements with eight companies providing exploration funding. 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. 3/4/2010
