Auramex Options Additional Golden Triangle Property – Silver Crown
FOR IMMEDIATE RELEASE TSX V
Symbol: AUX March 18, 2019
AURAMEX OPTIONS ADDITIONAL GOLDEN TRIANGLE
PROPERTY – SILVER CROWN
Vancouver, British Columbia – Auramex Resource Corp. (the “Company” or “Auramex”)
(TSX.V: AUX) announces an option to acquire a 100 -per-cent interest in the Silver Crown
property, located in the Stewart camp of British Columbia's Golden Triangle. The 1720-hectare
(17-square-kilometre) Silver Crown property is located 25 kilometres north of Stewart.
Silver Crown Property
The Auramex geological team sees considerable exploration potential along the American Creek
Corridor. The Silver Crown property together with the Champion property and the recently
acquired Dorothy 2 property, gives Auramex a domina nt land position in the lower Ameri can
Creek corridor. Drilling by Pretium Resources Inc. (www.pretivm.com) on their American Creek
Zone included holes within 4 kilometres of the Auramex property and produced significant values
of gold and silver within that zone.
Three past-producing high-grade silver mines (Mountain Boy, Terminus and Ketchum) are located
in close proximity to each other along this corridor and all near 1000 metres elevation. The working
hypothesis is that the high -grade silver zones represent the upper portions of extensive
hydrothermal systems, with the lower portions of the system (s) underlying those high -level
expressions.
Auramex considers this area to be underexplored, especially given the presence of the nearby past-
producers, the prospective geology enhanced by more modern interpretations and the encouraging
results reported by Pretium Resources Inc. along the American Creek corridor on their adjacent
property to the north.
The Auramex geological team is planning to integrate the newly acquired claims into its
exploration program along the Bear Valley and American Creek corridor. Currently, the team is
finalizing its data compilation and preparing for the 2019 field season, which includes permitting
for diamond drilling. Aurame x is looking forward to conducting both self and joint venture -
financed work on its projects and will coordinate exploration programs with Mountain Boy
Minerals Ltd.
Transaction Terms
The Auramex option of the Silver Crown property is an arm's-length transaction and, in order to
exercise the option, Auramex must pay to the vendor $10,000 and 100,000 common shares of
Auramex on execution of the option agreement, subject to regulatory approval. A further $110,000
and 400,000 common shares of Auramex are payable over four years. The vendor retains a 2-per-
20th Floor, 250 Howe Street
Vancouver, BC V6C 3R8 Canada
Tel: 604-914-2142
NR #2019-04
- 2 -
cent net smelter return royalty, of which one -half can be purchased for $1 -million until 90 days
after the start of commercial production, with an advance royalty commencing in 2026. Auramex
is required to keep the property in good standing. The transaction is subject to the acceptance of
the TSX Venture Exchange.
The technical disclosure in this release has been read and approved by Dr. Paul Metcal fe, 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.