Auramex Expands Georgie River Property, Corporate Update
20th Floor, 250 Howe Street
Vancouver, BC V6C 3R8
Canada
Tel: 604-924-9376
FOR IMMEDIATE RELEASE TSX V Symbol: AUX May 10, 2018
Auramex Expands Georgie River Property, Corporate Update
Auramex Resource Corp. (the Company) is pleased to announce the acquisition of the Exdale tenur e
in a non-related party transaction. The 654 hectare mineral tenure is located on the northern edge of
the Company ’s flagship Georgie R iver property. The 100% acquisition of the tenure is in
consideration of 50,000 shares of Auramex and a retained 2% net smelter return (NSR) royalty in
favour of the vendor, Michael Marchand.
The Exdale tenure , 12 km south of Stewart , encloses over 2 ½ km of a highly prospective c ontact
between a large intrusion of the Early Jurassic Texas Creek Plutonic Suite and deformed Late
Triassic country rocks. Several important gold deposits in the region are closely related to the Texas
Creek Plutonic Suite and the Exdale tenure encloses t hree known mineral occurrences. The
geological environment is very similar to that of the Hume Creek Mylonite Zone 5 km southwest of
Exdale, where intensely deformed Texas Creek intrusions outcrop in an area that hosts a 1 km²
conductivity anomaly. The historic Georgia River Gold Mine, currently under option to a third party,
is peripheral to that major geophysical anomaly, which will be an important part of the Auramex
exploration program.
The Company intends to explore the Georgie River property aggressiv ely. To this end a geophysical
survey has already been commissioned and data acquired, including that for the Exdale area.
Reporting of the survey is expected in the near future as are plans for the upcoming field season.
Lawrence Roulston, the company’s President and CEO, stated that: “This is an important acquisition
for the company, as it completes the consolidation of the Georgie River property and allows us to
finalize exploration plans for that project. Our geological team, since re -joining Auramex in April,
has been conducting a comprehensive review of the 200 square kilometre property holdings of
Auramex in the Golden Triangle. Building on years of previous work on multiple targets, the 2018
exploration program is now underway, aimed at advancing our priority targets, including Georgie
River.”
About Auramex
Auramex holds 196 square kilometres of mineral rights in BC ’s Golden Triangle. The Georgia River
property surrounds a past producing gold mine near tidewater, 18 km south of Stewart; the Tide
North property is 4 km from an all -weather road and the Bear Valley properties straddle highway
37A north and east of Stewart.
For information on Auramex please contact Lawrence Roulston at (604) 924-9376 or (604) 398-8829
or refer to the company’s website: www.auramex.com.
The technical disclosure in this release has been read and approved by Paul Metcalfe, PhD, P.Geo. a
qualified person as defined in NI 43-101.
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.