Auramex Announces Drill Permitting Underway ON BEAR Pass Project
FOR IMMEDIATE RELEASE TSX V
Symbol: AUX April 25, 2019
AURAMEX ANNOUNCES DRILL PERMITTING UNDERWAY
ON BEAR PASS PROJECT
Vancouver, British Columbia – Auramex Resource Corp. (the “Company” or “Auramex”)
(TSX.V: AUX) that drill permitting is underway on its extensive Bear Pass Project in the Stewart
Camp of British Columbia’s Golden Triangle. The 6,400 hectare project is centred on Highway
37A, 30 kilometres (km) northeast of Stewart.
Drill permitting is underway and planning for drilling is a follow -on to a year’s work by the
Auramex geological team. Compilation of 100 years of historic exploration and production
results laid the foundation fo r last year’s field program, which was conducted by a five -person
geological team. That work identified a mineralizing system which is inferred to be the same age
as that at the producing Brucejack Mine, 48 km to the north, and geologically similar to that at
the historic Silbak-Premier Mine, 20 km to the southwest. The core of the system, known as the
Bear Pass Pluton, was examined using isotopic age measurement and other techniques and
Auramex determined that it is one of the Early Jurassic intrusions, wi th exceptional potential to
generate and host precious metal deposits and which are associated with the majority of gold -
silver mineralization in the Golden Triangle.
The Bear Pass has a long history of mining and exploration, beginning in the early 1900s .
Numerous gold-silver and base metal occurrences were explored, with several being developed
into mines. In the early days, access was by packhorse or on foot, so that only exceptionally
high-grade deposits were exploited. Exploration, until recently, was constrained by the fractured
ownership, with titles to more than 100 parcels being locked up in the form of Crown Grants
from the early 1900s until recently. Auramex, over a 12-year period, secured much of the ground
that was previously covered by these C rown Grants, and recently augmented its holdings based
on the emerging geological interpretation.
The significance of the Bear Pass Pluton was not previously recognized because of this diverse,
small-scale mineral tenure ownership; coordinated exploration was not possible between the
numerous small parcels. Last year, the Auramex geological team, working under a cooperative
exploration agreement with Mountain Boy Minerals, carried out the first -ever comprehensive
exploration program in the Bear Pass region . The recognition of a Texas Creek intrusive unit is
but one of the geological insights gained from that program.
Auramex’ VP Exploration, Dr. Paul Metcalfe, noted: “The Auramex team also discovered a large
zone of intense silica alteration and an even la rger area of intense quartz + sericite ± pyrite
alteration above the Bear Pass pluton, extending to the northeast beneath rapidly receding ice.
These zones are interpreted as a lithocap above a very large intrusion-related hydrothermal
system. The Bear Pass Pluton is now recognized as the likely heat engine for this system and the
likely source of metals for the abundance of gold -silver occurrences around the Bear Pass. We
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are now focused on vectoring toward the core of this large and very robust system.”
The Auramex geological team is continuing to integrate results of recent field work with historic
data on four of its other projects – Tide North, American Creek, Lower Bear, and Georgie River
– with further drill programs likely to emerge as that work pro ceeds. Discussions are also
underway with potential joint venture partners regarding funding on some of Auramex’ projects.
The technical disclosure in this release has been read and approved by Dr. Paul Metcalfe, PhD,
P.Geo., a qualified person as defined in National Instrument 43-101.
About Auramex Resource Corp.
Auramex is focused on exploring a large and highly prospective property portfolio in the Stewart
camp, at the southern end of the Golden Triangle in British Columbia. Auramex has 200 square
kilometres of mineral rights, located on or near roads and within 45 kilometres of the deep -water
port of Stewart. The Company’s geological team has extensive knowledge in the Golden
Triangle and are dedicated to maximizing exploration success by deploying a systematic and
comprehensive exploration approach, that uses and fuses “traditional” and emerging, cutting -
edge exploration techniques.
On behalf of the Board of Directors:
Lawrence Roulston
President & CEO
For further information, contact:
Nancy Curry
VP Corporate Development
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.