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Company Spotlight
Atlanta Gold Inc (TSXV: ATG)
Atlanta Gold Inc (TSXV: ATG) is a well funded gold exploration company with a strong management + Read More
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The Ubika Research Junior Resource stock watchlist
| AuEx Ventures Inc. (Symbol: XAU.TO) |
| Company Name: |
AuEx Ventures Inc. |
| HQ Location: |
Reno, Nevada, USA |
| Company Website: |
www.auexventures.com |
| Shares Outstanding |
40 Million |
| Closing Price (June 14, 2010) |
$3.56 |
| Market Cap: |
$142.4 Million |
| Average Daily Volume |
83,000 |
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Share Highlight / 1-Year Stock Chart
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Business Overview
AuEx Ventures Inc. is an advance stage junior gold exploration company engaged in the acquisition and exploration of gold properties located primarily in Nevada, the United States.
It has a portfolio of 21 exploration projects in Nevada, two projects in Spain and two projects in Argentina. The company’s flagship properties include the Long Canyon exploration project and the West Pequop Project located in Elko County, Nevada. The Company has a 49% interest in the Long Canyon Joint Venture with Fronteer Development Group, Inc. (TSX:FRG) and has a joint venture with Agnico Eagle Mines Ltd. (TSX:AEM) for the West Pequop Project.
+ More info
What is interesting?
- AuEx Ventures is Nevada focused junior gold exploration company with strong exploration potential and significant blue sky opportunities.
- The company’s flagship project, the Long Canyon project is one of the new gold discoveries in Nevada and offers tremendous potential with multiple zones of gold mineralization.
- The company recently announced an NI 43-101 compliant Measured and Indicated resource of 558,000 ounces at an average grade of 3.67 g/t gold (4,729,000 tonnes) and Inferred resource of 456,000 ounces at an average grade of 3.97 g/t gold (3,571,000 tonnes).
- The company has planned an exploration budget of approximately $10 million (another $10 million will be spent by Fronteer Development) million during 2010 for the Long Canyon project. The exploration plan will consist of 45,000 metres of additional infill drilling as well as significant step-out drilling to help further define the limits of the deposit. An active drilling program could lead to short term catalysts for the company.
- Company’s projects are in Nevada, U.S.A, a safe and stable mining jurisdiction with very low geo-political risks and strong infrastructure.
- The company has forged strategic alliances and joint ventures with major gold producers such as Agnico-Eagle, which is very positive for its future prospects.
- The company has a strong and stable management team at the helm. The senior management of the company has significant experience working for major gold exploration companies in the past.
- The company is sufficiently funded. A well capitalized treasury ensures that the company can focus on its exploration program to confirm and expand resource estimates and move advance projects towards feasibility.
Risks
AuEx Ventures is an early stage exploration company. The commercialization risks associated with gold mineral exploration and development are high and its prospects for discovering economically viable gold resources are uncertain. Gold prices can fluctuate and a decline in the gold prices could impact the share price of the company adversely. Early stage exploration companies typically needs significant amount of capital and although currently well financed, AuEx Ventures may still require additional financing. This could result in shareholders’ dilution.
AuEx Ventures Inc. News
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