Exploration Underway at Historic GOLD MINE
FOR IMMEDIATE RELEASE TSX V: AUX
February 27, 2020
EXPLORATION UNDERWAY AT HISTORIC GOLD MINE
Vancouver, British Columbia – Auramex Resource Corp. (the “Company” or “Auramex”) (TSX.V:
AUX) reports that exploration is progressing at the past-producing Georgia River gold mine, with the
geological team reviewing and analyzing drill core from previous operators. This high-grade gold mine,
which last operated in 1939, was explored from the 1970s by several companies with the intent of
restarting the mine.
Work by Auramex has generated compelling evidence in support of a large gold target underlying the
area of previous work. The present work is aimed at refining drill targets for a first test of that projected
gold zone.
The current program includes measurements of rock composition by X-ray fluorescence spectrometry and
measurements of spectral reflectance in the visible and short -wave infrared wavelengths. Both sets of
measurements are being conducted on samples of historic diamond drill core from the mine area, with the
samples selected during 2019 relogging of the core.
Results will be combined with planned petrographic and whole -rock lithochemical analyses and with
results from structural mapping of the Mine and Hume Creek areas to assemble a clear picture of the
ancient hydrothermal system. It is now recognized that only a small part of that massive system was
worked by the past producing mine.
The Georgia River project is closely associated with an Early Jurassic intrusion, a hallmark of large gold
deposits in the Golden Triangle. A regional-scale deformation zone provided the “plumbing system” for
hydrothermal fluids related to the intrusion. Surface samples spanning more than a square kilometre on
surface carry gold values in excess of a gram per tonne, demonstrating the extensive nature of the system.
Historic values in the old workings and in the drill core show the potential of that system to host high
gold values.
Auramex President and CEO Lawrence Roulston noted: “An enormous amount of work was done by
previous operators at the Georgia River gold mine but focused around the old mine. Auramex augmented
the prior results with airborne geophysics and other information. There is clear evidence of an extensive
geological system with potential for a large gold deposit underlying the previously mined area.”
Results of the work by Auramex geologists suggests that the area of the mine workings is peripheral to
the core of the hydrothermal system. The work now underway is aimed at developing vectors toward the
most prospective areas within that system as a basis for designing a drill program.
20th Floor, 250 Howe Street
Vancouver, BC V6C 3R8 Canada
Tel: 604-914-2142
NR #2020-02
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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. The Company’s extensive knowledge in the
Golden Triangle aims to maximize shareholder value by deploying a systematic and comprehensive
exploration approach, that 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
Corporate Communications
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.