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AUX Resources Advance Flagship Asset In Highly Prospective Gold Region

AUX Resources Corporation

AUX RESOURCES CORPORATION (TSX-V: AUX)

STOP PRESS: AUX Resources Begins Two-Drill Program In the Golden Triangle

On August 10th 2020, AUX Resources was pleased to announce that it has commenced a two-drill, 3,500 metre diamond drill program on its flagship high-grade gold Georgia Project, including the past-producing Georgie River Mine, located on tidewater 16 kilometres south of the town of Stewart, British Columbia, in the prolific Golden Triangle.

“We are all excited to have the drills turning on the Georgia Project”

Ian Slater, CEO & Director, AUX Resources

“HISTORIC DRILLING OF THE DEPOSIT INDICATES EXCEPTIONAL GOLD GRADES IN A SYSTEM THAT WAS NEVER DRILLED OFF. OUR NEW MODEL SUGGESTS THAT THE HISTORIC INTERCEPTS WERE AT THE PERIPHERY OF A MUCH LARGER MINERALIZED SYSTEM, AND WE ARE EAGER TO TEST THE TEAM’S IDEAS.”

With a strong, experienced management team with a wealth of local knowledge (more details below), the comprehensive financial backing of shareholders from Libero Copper & Gold and Scottie Resources, the attractive stock price when compared to its peers in the region, and initial drilling results expected in September 2020, the future growth prospects, for both the drill yields and stock price, appear highly positive for AUX Resources.


FOR DETAILS OF THIS FULLY-FUNDED GROUND-FLOOR GOLD-SILVER MINING INVESTMENT OPPORTUNITY PLEASE CLICK HERE.


AUX Resources – A Team With Extensive Local Exploration Knowledge

AUX RESOURCES CORPORATION (TSX-V: AUX)

Ian Slater, Director, President & CEO

Mr Slater is an entrepreneur who has founded numerous ventures and has been involved in the Mining industry for over twenty-five years. A Chartered Accountant, Mr. Slater was previously the Managing Partner of both Ernst & Young’s Canadian and Arthur Andersen’s

Central Asian Mining Practices. He is currently the CEO of Libero Copper & Gold, a company also drilling in the Golden Triangle.

Brad Rourke, Director

Mr Rourke is a Corporate Finance Executive with over 30 years’ experience in Mining, Energy and Real Estate in Western Canada and valuable experience as a principal partner of an investment firm. Mr. Rourke is a resident of Smithers, BC and is currently the CEO of Scottie Resources with significant experience in the Stewart Mining Camp.

Paul Metcalfe, PhD, P. GEO (Director, VP Exploration)

Mr Metcalfe is a mineral exploration geologist with over 30 years’ experience of regional and property-scale exploration for metalliferous deposits in volcanic and igneous terrains, with a specific focus on the Golden Triangle region

Thomas Mumford, PhD, P.GEO, (Technical Advisor)

Mr Mumford is a professional exploration geologist with a comprehensive field, technical and academic background in the Golden Triangle region. He is currently the VP Exploration of Scottie Resources, a company local to the AUX Resources exploration locations.

LOCATION HISTORY: the Georgie River Mine is a historic gold producer:

  • It was discovered in 1910 and developed until 1939 by the Guggenheim family, who made their fortune from mining at the beginning of the 20th-Century
  • It has 1.2 km of underground workings on three main levels
  • From 1978 to 2004, over 100 exploration diamond holes were drilled, nearly all within the immediate mine area
  • Georgie River Mine’s historic, non-compliant estimate of tonnage and grade remaining in the mine is 276,400 tonnes, with 27.6 grams/tonne Au (gold) and 20.9 grams/tonne Ag (silver), although it’s important to note that these estimates are speculative

“THE BEST PLACE TO FIND A NEW MINE IS NEAR AN OLD MINE. THE WORK WE’VE DONE OVER THE LAST 10 YEARS SHOWS THAT THE NEW EXPLORATION AREA IS RIGHT ON THE EDGE OF A HUGE HYDROTHERMAL SYSTEM. WE’LL BE DRILLING HOLES AT THE STEP OUT EXPLORATION TARGETS AND UNDERNEATH THAT MINE TO SEE IF WE CAN EXPAND THAT. WE’RE ALL EXCITED ABOUT THE EXPLORATION WORK IN SUMMER 2020.”

Ian Slater, CEO & Director, AUX Resources

FOR DETAILS OF THIS FULLY-FUNDED GROUND-FLOOR GOLD-SILVER MINING INVESTMENT OPPORTUNITY PLEASE CLICK HERE.


The Golden Triangle, British Columbia (Location Of AUX Resources Assets)

AUX RESOURCES CORPORATION (TSX-V: AUX)

  • British Columbia’s Golden Triangle mining district lies in a wide volcanic belt crosscut by numerous long-lived deep crustal structures which provided pathways for mineralization.
  • With its rich and diverse geology, the Golden Triangle hosts several types of the world’s largest and richest mineral deposits.
  • To date, more than 130 million ounces of gold, 800 million ounces of silver and 40 billion pounds of copper have been discovered there.
  • Along trend from Georgia: Pretium’s Brucejack, one of largest gold mines in Canada, new mine, high grade, huge market cap.
  • Infrastructure & Accessibility
    • 16km from mining town of Stewart, BC.
    • Access to nearby deep water port, and historic roads to Portland Canal.
  • Commanding land position
    • Over 25,500 hectares in the Stewart Mining Camp.
    • Properties adjacent to Scottie Resources, Ascot Resources, Pretium Resources.

SITE #1) Georgia, Stewart, British Columbia, Canada

AUX RESOURCES CORPORATION (TSX-V: AUX)

Georgia, Flagship Project (Summer 2020)

  • Defined Area: 7,900 ha of claims surrounding the past producing Georgie River mine.
  • Ideal Location: Situated on the Portland Canal, 16km from Stewart with access to a deep-water port in ice free tidewater.
  • Complete Site Ownership: the Georgia Project is 100% owned by AUX Resources Corp.
  • Gold and Silver: Au-Ag past producer in footwall of a major deformation zone.
  • Opportunity for scale: Georgia includes over 1km of relief hosting a large hydrothermal system.
  • Gram-plus gold values: over 590m of projected surface trace at over 1 g/t gold and high grade veins averaging 27 g/t gold in the old mine confirm presence of gold in a very large Early Jurassic hydrothermal system.

SITE #2) Independence, BC & SITE #3) Silver Crown, BC

AUX RESOURCES CORPORATION (TSX-V: AUX)

Production/Location Details:

  • 2,600 ha of strategically located claims with 13 mineral occurrences. Highway 37A and major electrical transmission lines cross property.
  • Independence
    • Contains operating silver mines from over 100 years ago (high-grade silver mined in the 1920s).
    • Completely surrounds the crown grants that host the historic Red Cliff high-grade gold mine (one of the first and largest mines in the Stewart Camp).
    • Adjacent to AUX’s claims.
  • Silver Crown
    • Property adjacent to an operating mine and a mine being developed, Pretium and Ascot, and both drilling right beside Silver Crown.
    • Summer 2019: sampled a 900 metre strike length of high-grade silver, at least 18 veins over a 1.4 km corridor. An exciting discovery which is being extensively sampled this summer.
  • Exploration re-commenced in early August 2020 at both sites.

AUX RESOURCES FINAL INVESTOR SUMMARY

AUX RESOURCES CORPORATION (TSX-V: AUX)

The prospects for future sector growth appear highly positive for AUX Resources due to its:

  1. Prime exploration locations, with a large number of historical mines with large undrilled areas ripe for exploration, leaving the company poised to dominate the southern tip of BCs Golden Triangle through consolidation and rapid advancement of a past-producer
  2. Fully financed operations for the 2020 field season with an aggressive exploration plan already underway
  3. Experienced management and production team deeply entrenched in the Golden Triangle and surrounding communities

We believe AUX Resources is undervalued relative to its Canadian mining peers, with

a share price set to benefit significantly from its strong growth story and exploration drilling results at the Georgia project to be released from September 2020.

Taking these factors into account, AUX Resources Corp is set to establish itself as a leading North American exploration company in 2020 and beyond.


FOR MORE INFORMATION ON HOW TO INVEST IN AUX RESOURCES, AND TO CLAIM YOUR COPY OF A FREE SPECIAL REPORT OUTLINING THE INVESTMENT OPPORTUNITY: DOWNLOAD OUR SPECIAL REPORT.


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