AuEx Ventures, Inc.
TSX VENTURE : XAU

AuEx Ventures, Inc.

September 21, 2007 08:00 ET

AuEx Ventures, Inc.: Swiss Bank Drilling Assay Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 21, 2007) - AuEx Ventures, Inc. ("AuEx" or the "Company") (TSX VENTURE:XAU) is pleased to announce the assay results from reverse circulation drilling completed recently on the Company's Swiss Bank gold exploration project located in Pershing County, Nevada. The drilling program was conducted by Hawkeye Gold and Diamonds, Inc. (Hawkeye Gold) under an exploration earn-in joint venture Agreement.

Hawkeye Gold drilled eighteen reverse circulation holes totaling 11,460 feet of drilling completed in two separate target areas. In the north area, nine holes were drilled to test the deeper portions of a major north-south mineralized structural zone identified by mapping and surface sampling. In the south area, nine holes were drilled to test the southern extension of the same structural zone and, as well, an east-west, dike-filled fault zone identified by surface mapping that contained anomalous gold values and pathfinder chemistry at surface. Geological and alteration mapping at Swiss Bank indicates that surface rock exposures represent the upper portion of an epithermal system and accordingly holes were drilled to test deeper levels of the mineral system. The target structural zones were intercepted in most holes and five of the holes contained anomalous gold values (greater than 100 parts per billion) and elevated pathfinder chemistry in zones of quartz veining. Gold assay results greater than 0.01 ounces/ton are as follows;



Drill Hole Total Depth From To Thickness Grade
Number (in feet) (in feet) (in feet) (in feet) (in ounces/ton)
SB-006 600 455 460 5 0.012
SB-015 760 440 455 15 0.015
750 755 5 0.015

Holes with anomalous gold values are as follows;

SB-004 420 335 340 5 anomalous
SB-009 500 90 95 5 anomalous
255 320 65 anomalous
SB-010 440 45 70 25 anomalous
140 165 25 anomalous
SB-012 460 280 340 60 anomalous
SB-013 700 365 390 25 anomalous


Hawkeye Gold is reviewing the data and plans for further deeper drilling to test the east-west, dike-filled fault zone in the southern target area are under consideration.

As reported to AuEx by Hawkeye Gold, all drill samples were collected following standard industry practice and were assayed by American Assay Laboratories, Inc. of Sparks, Nevada. Gold results were determined using standard fire assay techniques on a 30 gram sample with an atomic absorption finish. QA/QC included the insertion of numerous standards and blanks into the sample stream. All intercepts are reported as drilled; true widths have not been calculated. All data reported to the Company by Hawkeye Gold as disclosed in this press release including sampling, analytical and test data have been reviewed by the Company's qualified person Mr. Ronald L. Parratt, M.Sc., and Certified Professional Geologist. Further details concerning the Swiss Bank are on the Company's website.

AuEx Ventures, Inc. is a precious metals exploration company that has a current portfolio of seventeen exploration projects in Nevada, one project in Spain and a generative exploration program in Argentina. The Company controls over 50,000 acres of unpatented claims and fee land. Eleven of the projects are in joint venture agreements with eight companies who provide exploration funding. The Company applies the extensive 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.

Ronald L. Parratt, President and CEO

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • AuEx Ventures, Inc.
    Ronald L. Parratt
    (775) 337-1545
    Email: rparratt@auex.com
    or
    AuEx Ventures, Inc.
    Deborah Thiel
    Manager Investor Relations
    (604) 689-9533
    Email: dthiel@auex.com