AUX Resources

Overview

Aux Resources (TSXV:AUX, OTCPK:AUXRF) are a precious metals exploration company focussed on their portfolio in the productive Golden Triangle of British Columbia, Canada. Having spent over 10 years acquiring and consolidating a large land package, AUX are now dedicating their modern and cutting-edge exploration strategy and geological expertise to the discovery of new large-scale deposits and generating shareholder value. Their project areas include both green and brownfields exploration land and all lie close together in the Stewart camp in the south of the Golden Triangle. This prime exploration post code gives the company fantastic infrastructural access and proximity to several successful projects such as the Premier Mine and Scottie Gold.

Their large American Creek package consists of four grassroots, early-stage projects prospective for a range of deposit types including gold-silver carbonate replacement, shear-hosted gold, strata-bound base and precious metals, and gold-bearing polymetallic veins. AUX’s 6,400-ha Bear Pass project is also comprised of a number of contiguous packages prospective for intrusion-related gold, none of which encompass historic mining but do have a number of showings. In 2019, cooperative exploration took place between AUX and Mountain Boy Minerals. Lower Bear is a 3,839-ha area just south of the latter two areas and is being explored for shear-hosted gold and silver relating to intrusive activity. Fieldwork began in 2018, results of which were combined with a database of geological and geophysical data. In the north of their presence lies the 2,204-ha gold-silver VMS property Tide North. It is thought to have a similar to deposit style to Eskay Creek and is awaiting further exploration proceeding that conducted in 2014. AUX Resource’s Georgie River project area saw historic gold production during the early 1900s and today is prospective for shear-hosted, intrusion-related gold and silver. It is one of their more advanced project areas having been explored using airborne geophysics, mapping, and SAR.

Last but not least are the primary focus of AUX’s effort, the Independence and Silver Crown properties. The latter has identified polymetallic veins with pyrite, galena, sphalerite, chalcopyrite, and trace malachite mineralisation. 2020 exploration at both included channel and grab sampling and detailed mapping across surface and in historic trenches and adits. Historic drill collars were also located and the associated data is going to be used to develop a model of the mineralised system to inform further exploration.

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