Saturday, August 23, 2025

AUX Resources Hits 103 G/T Gold, 53 G/T Silver Over 2.74 Metres At Georgia Project

The much anticipated assay results have finally been released. AUX Resources (TSXV: AUX) this morning released assay results from its 2020 drill program at its flagship Georgia Project, which contains the historic Georgia River Mine. Highlights from the program include 103 g/t gold and 53 g/t silver being intersected over 2.74 metres.

The 2020 drill program was focused on extending mineralization from the Georgia River Mine, a historic high-grade gold mine located on the property. Specifically, drilling was focused on the extensions of the SW vein along both strike and depth, with intercepts revealing that the vein remains open both at depth and along strike.

Drill results from a total of eight holes were released this morning, with the highlighted figure above coming from drill hole GE20023. Hole GE20022 meanwhile posted intersections as high as 62.5 g/t gold and 36.6 g/t silver over 2,24 metres.

Looking to 2021, the company has indicated that drilling will be focused on testing the limits of the high-grade zone and testing for structural controls of subsidiary high-grade ore shoots. The company will now also look to evaluate other local vein sets for the potential of similar mineralization.

The company is also in the process of having assays completed for 5,000 metres of recovered historic diamond drill core from George. The core comes from exploration conducted between 1979 and 1996, which are expected to contribute to an improved understanding of the SW vein. Results from this effort are expected this month.

“Despite having been explored for over a century, our intercepts of the SW Vein are among the best ever recorded around the Georgia River Mine. Our drilling confirms that the target is open in multiple directions, including depth. Advancing underexplored historic mines has long been a powerful and successful driver in the Golden Triangle, and we see numerous parallels with other projects in the area, including Brucejack and the Scottie Gold Mine.”

Ian Slater, CEO of AUX Resources

Lastly, the company also conducted field work at its Silver Crown property during the 2020 field season, which included confirming the strike length of mineralization of the property to be beyond 1,400 metres. Channel sampling was conducted on 500 metres of vein strike length here, with samples collected every 40 metres. Results from this program are expected this month, with a 3,500 metre drill program currently planned for the 2021 season.

AUX Resources last traded at $0.24 on the TSX Venture.


FULL DISCLOSURE: AUX Resources Corporation is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover AUX Resources Corporation on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Artemis Q2 Earnings: Strong Start For A New Operator

A Medical Breakthrough the Market Overlooked | David Elsley – Cardiol Therapeutics

Why Grade Beats Size in Silver Mining | Frank Basa – Nord Precious Metals

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Black Tusk Resources Completes 2,600 Metre Drill Program Near Val-d’Or

Black Tusk Resources (CSE: TUSK) has completed the first phase of its drill program being...

Friday, March 5, 2021, 08:25:34 AM

K92 Mining Releases Assays From Twelve Drill Holes At Kora Deposit

K92 Mining (TSXV: KNT) this morning released results from drilling that is ongoing at its...

Thursday, August 27, 2020, 08:38:02 AM

McLaren Resources Announces Drill Program For McCool Property

McLaren Resources (CSE: MCL) is going exploring. The firm last night after the bell announced...

Wednesday, August 11, 2021, 08:03:02 AM

China Purchasing Canadian Gold Miners Amid Gold Rally

As the coronavirus pandemic significantly impaired economies around the world and seeded uncertainty and volatility...

Saturday, June 13, 2020, 05:46:00 PM

Trillium Gold Acquires Red Lake Property Contiguous To Newman Todd

Trillium Gold Mines (TSXV: TGM) has expanded its foothold in the Red Lake, Ontario district....

Thursday, August 6, 2020, 09:47:01 AM