|TARGET:||District scale potential for gold/silver and base metal deposits similar in style and scale to: Premier Mine (less than 10 km west), Brucejack (30 km north), Red Cliff (immediately adjacent to the west) and Red Mountain (20 km southeast). Several individual targets are discussed separately below.|
|INFRASTRUCTURE:||Paved Stewart Highway (37A) and electrical transmission line cross the property; town and deep-water port within 20 km|
- Situated in a major north-south structural corridor extending from the confluence of the Bear River Valley and American Creek;
- Contains several high-grade past producing precious metal mines;
- American Creek corridor recognized as highly prospective for intrusion related Au-Ag deposits (Brucejack);
- Dominant land position in the corridor.
AUX holds a dominant land position in the lower American Creek corridor. The extensive American Creek property encompasses multiple targets, extending from the important structural intersection that marks the confluence of the upper Bear Valley and American Creek and extends 13 km along American Creek.
Three past-producing high-grade silver mines (Mountain Boy, Terminus and Ketchum) are located in close proximity to each other along this corridor and all near 1000 m elevation. The working hypothesis is that the high-grade silver zones represent the upper portions of extensive hydrothermal system(s), with the lower portions of the system(s) underlying those high-level expressions.
AUX considers this area to be underexplored, especially given the presence of the nearby past-producers, the prospective geology enhanced by more modern interpretations and the encouraging results in the region. Drilling by Pretivm Resources Inc. (www.pretivm.com) on their adjacent property included holes targeting their American Creek Zone, within 4 km of the AUX property and produced significant values of gold and silver within that zone. AUX’s target areas were acquired based on the company’s unique knowledge of the geology of the area, with a focus on prospective Early Jurassic intrusions.