AUX commences 2020 exploration program on Georgia Project

AUX commences 2020 exploration program on Georgia Project

AUX Resources (formerly Auramex Resource Corp) has commenced a two-drill, 3,500 metre diamond drill program on its flagship high-grade gold Georgia Project, including the past-producing Georgie River Mine, located on tidewater 16 kilometres south of the town of Stewart, British Columbia, in the prolific Golden Triangle.

“We are all excited to have the drills turning on the Georgia Project,” says CEO Ian Slater. “Historic drilling of the deposit indicates exceptional gold grades in a system that was never drilled off. Our new model suggests that the historic intercepts were at the periphery of a much larger mineralized system, and we are eager to test the team’s ideas.”

AUX has been consolidating the land package surrounding the Georgie River Mine over the past decade, compiling and re-interpreting the historic data, as well as advancing the geologic understanding through improved mapping, sampling, and geophysics.

This work suggests the presence of a large intrusion-related mineralizing system – of which the Georgie River Mine is situated at the margin. This drill program will be the first test of this new and innovative model for mineralization in the area. Drilling will focus on: • Extending known ore shoots from the past-producing Georgie River

Mine; • Testing newly developed, highly prospective targets outside of the known deposit; and • Assessing and substantiating the non-compliant historic high-grade resource at the Georgie River Mine.

The Georgie River Mine, which last operated in 1939, contains 1.2 kilometres of underground access on three levels. The project has been explored since the 1970s by several companies with the intent of restarting the mine, but this historic work focused almost exclusively on the area hosting the existing mine workings, which appears to be peripheral to the core of a much larger hydrothermal system.

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Diamond drilling resumed at Barsele project in Sweden

Barsele Minerals Corp is expanding its exploration activities in the Barsele Gold-VMS Project area in Västerbottens Län, Northern Sweden. The Barsele Project, as it’s known, is operated by joint venture partner Agnico Eagle.

The Barsele Project is owned 55% by Agnico Eagle and 45% by Barsele, but Agnico Eagle can earn an additional 15% through the completion of a prefeasibility study.

Between 1 January and 30 June, Agnico Eagle personnel and some contractors have carried out office-related and field-specific exploration activities, at a number of exploration sites, throughout the property. Work has included gravity and magnetic surveying, plus base of till sampling, along with the more recent initiation of a large surface till sampling campaign.

Site personnel have also been focused on the project database, with emphasis on litho-geochemical and structural reinterpretation of all pre2020 drill core. Work has also involved studies related to high-grade gold occurrences associated with certain elements, minerals and alteration phases.

“Since early 2020, Agnico Eagle management and site personnel have been utilizing a combination of advanced technologies to further interpret and model the exploration results achieved to date,” said Barsele President, Gary Cope. “It is now time to drill test some of these evolving concepts and interpretations and I look forward to the results of this work. While there is no certainty of a positive outcome, I also look forward to the results from recently initiated spectrographic ore/waste separation studies.”