Company News: AuEx Ventures
Updated: 24 May 2010
AuEx Ventures, Inc. ("AuEx") is a Nevada-based precious metals exploration company formed in 2003 to capitalize on the in-depth experience, technical capability, and historical successes of the founding management team. AuEx trades on the Toronto Stock Exchange under the symbol XAU. The company believes that its joint venture business model is the most effective approach in the mineral exploration business because it: a) reduces financial risk, b) minimizes share dilution, and c) optimizes exposure for exploration success.
AuEx controls over 167,000 acres of unpatented mining claims and fee land in Nevada/Utah, and has a current portfolio of 21 exploration projects, ten of which are under exploration earn-in or joint venture agreements with seven companies who are providing funding for exploration activities. In addition, AuEx has one large new copper-gold district in southern Spain and four projects in Santa Cruz Province, Argentina, that are in earn- in agreements-- bringing the total to fifteen projects in earn-in/joint venture agreements.
AuEx controls over 167,000 acres of unpatented mining claims and fee land in Nevada/Utah, and has a current portfolio of 21 exploration projects, ten of which are under exploration earn-in or joint venture agreements with seven companies who are providing funding for exploration activities. In addition, AuEx has one large new copper-gold district in southern Spain and four projects in Santa Cruz Province, Argentina, that are in earn- in agreements-- bringing the total to fifteen projects in earn-in/joint venture agreements.
Business Category Exploration; Mining
Regions of Operation North America; Latin America; Europe
Exchange Ticker XAU
Web: www.auexventures.com
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Exchanges listed on TSE
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940 Matley Lane Suite 17
- Reno
- NV
- 89502
- United States
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