AuEx Ventures, Inc.: Leonid Drilling Commences.VANCOUVER, British Columbia -- AuEx Ventures, Inc. (AuEx) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:XAU XAU Gold Exchange Rate (ISO) .U) is pleased to report that reverse circulation drilling will commence on November 16th on the Company's Leonid project located in Elko County, Nevada Elko County is located in the western U.S. state of Nevada. As of the 2000 census, the population was 45,291. Its county seat is Elko6. The county was organized on March 5, 1869, being taken from Lander County. 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 car·line or car·lin n. Scots A woman, especially an old one. [Middle English kerling, from Old Norse, from karl, man.] 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 Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. 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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release. AuEx Ventures, Inc. (TSX VENTURE:XAU.U) |
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