Auramex Further Extends Golden Triangle Holdings with BAY Silver Option
FOR IMMEDIATE RELEASE TSX V Symbol: AUX August 27th, 2018
AURAMEX FURTHER EXTENDS GOLDEN TRIANGLE HOLDINGS WITH BAY SILVER
OPTION
Vancouver, British Columbia – Auramex Resource Corp. (the “Company” or “Auramex”) (TSX.V:
AUX) announces that it has an option to acquire the Bay Silver property, located in the Stewart Camp of
BC’s Golden Triangle. The 1393-hectare (13.9 square kilometres) property augments the Auramex Lower
Bear property, extending west to the Alaska border a nd north to the Premier property of Ascot Resources
Ltd.
High-grade silver-bearing veins located near the sout hern limit of the Bay Silver property and on an
adjacent property were mined on a limited basis beginni ng in 1928. Mining at that time was hampered by
the difficulty of transporting ore from the mine at 900 metres elevation down to sea level in the Bear
Valley. Other high-grade silver occurrences have been documented on other parts the Bay Silver property.
The option to acquire a 100% interest in the Bay S ilver property involves an initial payment of $10,000
and the issuance of 100,000 shares upon Exchange a cceptance. Teuton Resources Corp. and Silver Grail
Resources Ltd presently hold the property. To comple te the option, payments aggregating a further
$110,000 and 400,000 shares are required over the next four years. The vendors will retain a 2% NSR,
one half of which can be bought down for $1 million, with a minimum advance annual royalty of $50,000
to begin after 7 years.
The five-member Auramex geological team will be in tegrating the Bay Silver property into the ongoing
field exploration program on the Lowe r Bear property. The silver-dom inant style of mineralization that
was the focus of much of the earlier work on Bay Silv er is indicative of cooler, higher levels in a
hydrothermal system. Given topographic relief of a pproximately 1500 metres from the valley floor to the
top of Bear River Ridge, Auramex considers the Bay S ilver property highly prospective for additional,
accessible styles of intrusion related mineralization, including gold.
The east side of the Bear Ridge has seen limited e xploration work in the past owing to the steep
topography and dense forest cover at lower elevati ons. Auramex has integrated the results from various
geophysical and geochemical programs on both the Bay Silver and Lower Bear properties and from that
work will identify targets for exploration during the next phase, in September.
The Auramex geological team has so far conducted fiel dwork on several of the Stewart Camp properties,
including Georgie River, Confluence, Lucky Frenchman, Tory and Champion (including the historic
Terminus Mine). The work has corroborated and extended earlier results and has also identified additional
targets for follow up work. A more comprehensive upda te on the fieldwork will be reported in the near
future.
The transaction is subject to the acceptance of the TSX Venture Exchange.
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.
20th Floor, 250 Howe Street
Vancouver, BC V6C 3R8
Canada
Tel: 604-914-2142
About Auramex
Auramex is exploring a large and highly prospective property portfolio at the south end of the Golden
Triangle in British Columbia, with properties north, east and south of Stewart, a deep-water port.
The Golden Triangle is beginning to be recognized as one of the most highly mineralized geological
settings with excellent exploration potential for future discoveries.
The Golden Triangle region has matured dramatically over the past couple of years, with two mines now
in production, road access greatly improved, and a qua ntum leap in terms of geological understanding of
the processes that created some of the largest, and highest-grade metal deposits on the planet.
On behalf of the Board of Directors:
Lawrence Roulston
President & CEO
(604) 914-2142
For further information, contact:
Nancy Curry
VP Corporate Development
(604) 220-2971
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.