Leonid Drilling Commences
Wed Nov 16, 2005
AuEx Ventures, Inc. (AuEx) is pleased to report that reverse circulation drilling will commence on November 16th on the Company's Leonid project located in Elko County, Nevada under joint venture agreement with Nevada Superior, Inc., a private Nevada exploration company. Nevada Superior will fund all work and plans to complete approximately 6,000 feet of drilling in its initial program. Weather and limitations due to other commitments for the drill rig will likely cause the program to be split between this fall and next spring. Leonid contains a Carlin style gold exploration target identified initially using processed Landsat satellite imagery and subsequently acquired by AuEx.
AuEx Ventures, Inc. is a new, Nevada focused, precious metals Exploration Company that began trading on June 30, 2005. AuEx has a current portfolio of 11 exploration projects in Nevada and controls over 40,000 acres of unpatented claims and fee land. The Company applies the extensive Nevada exploration experience and high-end technical skills of its founders to search for and acquire new precious metal exploration projects that are then offered for joint venture.
AuEx Ventures, Inc.
By: Ronald L. Parratt, President and CEO
Contact:
Deborah Thiel - Manager Investor Relations
Telephone: 604-541-9655
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although the management of AuEx believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
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