Auramex Resource Corp. (the “Company”) announces th at it has granted an option (the “Option Agreement”) to Decade Resources Ltd. (“Decade”) to explore and exploit 161 hectares (the “Property”) located at the historic Georgia River M ine, 18 kilometres south of Stewart, B.C. in
750 Grand Boulevard North Vancouver, BC V7L 3W4
Tel: 604-924-9376 Fax: 604-924-9371
FOR IMMEDIATE RELEASE (TSX V Symbol: AUX) April 11, 2017
Auramex Resource Corp. (the “Company”) announces that it has granted an option (the “Option Agreement”) to Decade Resources Ltd. (“Decade”) to explore and exploit 161 hectares (the “Property”) located at the historic Georgia River Mine, 18 kilometres south of Stewart, B.C. in the Skeena Mining Division.
The Option Agreement provides that Decade pay $50,000 to the Company on signing, $425,000 over three years and; conduct $2,500,000 work over four years to earn a 75% interest in the Property. Upon Decade earning the 75% interest, the Company will receive a net Smelter Return royalty (NSR) of 2%, half of which can be purchased for $1 million.
A joint venture agreement provides for Decade to spend approximately $13 million to earn an additional 20% if the Company does not contribute. At a 5% diluted interest, the Company will receive a 1.5% NSR for its 5% interest and Decade will hold a 100% property interest.
About Auramex Resource Corp. – www.auramex.com
Auramex Resource Corp. is a junior mineral exploration company with projects in British Columbia. In B.C., the Company holds approximately 20,000 hectares near Stewart, in the Golden Triangle.
For information on Auramex please contact Judie Whitby at (604) 924-9376 or refer to the company’s website: www.auramex.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.