The Deep Dive Compiles Company Profile On AUX Resources

AUX Resources Corporation (TSXV: AUX) is a gold mining company focused on the Stewart Mining Camp in the Golden Triangle region of British Columbia, one of the most prolific mineralized districts in the world.

AUX owns 25,500 hectares of strategic claims, assembled over a 12-year period, in the largely-ignored southern end of the region and is embarking on one of the first comprehensive exploration and drilling programs there. Approximately 35 known mineral showings have been documented in AUX’s claims area, including five past-producing mining operations.

Investment Thesis

The investment thesis for AUX Resources is based on the following:

  1. AUX in essence represents a cheap call option on the potential for a major gold discovery in what is widely acknowledged to be one of the richest mineralized districts in the world. 
  2. AUX’s projects are located in one of the most mining-friendly jurisdictions in the world. 
  3. Unlike many junior gold miners, AUX has an excellent balance sheet.
  4. At AUX’s Georgia Project, a large hydrothermal system containing substantial gold may exist. 
  5. Governments of virtually all countries have accelerated the printing and distribution of paper currencies to fight the economic devastation of the COVID-19 pandemic. 
  6. Junior mining stocks can react dramatically to good news.
  7. AUX’s management team is highly experienced and has close ties with other Golden Triangle junior miners. 

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.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Related News

Eclipse Gold, Northern Vertex Complete Merger

Eclipse Gold Mining (TSXV: EGLD) and Northern Vertex Mining (TSXV: NEE) have now officially seen...

Tuesday, February 16, 2021, 07:35:45 AM

Kirkland Lake To Sell Off Majority Of Stake In Novo Resources For $45.3 Million

Kirkland Lake Gold (TSX: KL) this morning announced that it is looking to dispose of...

Thursday, November 26, 2020, 08:23:21 AM

Great Bear Releases Further LP Fault Results, Highlights 10.50 G/T Gold Over 13.1 Metres

Great Bear Resources (TSXV: GBR) this morning announced further results from its ongoing drill program...

Thursday, April 22, 2021, 08:03:56 AM

Burkina Faso Is Cracking Down On Gold Exports

Burkina Faso’s military leadership has announced an immediate halt on the issuance of export permits...

Friday, February 23, 2024, 10:38:00 AM

Falcon Gold: Hunting In The Shadows Of Headframes

Its well known in the mining world that the best place to find a mine...

Wednesday, May 27, 2020, 11:00:00 AM