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Auramex to grant Tide North right-of-way to Pretium

2014-09-18 17:34 ET - News Release

Ms. Judie Whitby reports

DRILLING AT TIDE NORTH

Auramex Resource Corp. has entered an agreement with Pretium Resources Inc. whereby Pretium will drill up to 500 metres in one hole to test the Tide North anomaly in consideration of Pretium receiving a right-of-way over the property for a transmission line.

The anomaly was revealed in 2009 by airborne geophysics and is 900 by 300 metres, lying well below the surface. Tide North is a 2,250-hectare property 100 per cent owned by the company and is located approximately 45 kilometres north of Stewart, B.C. A report by Auramex's vice-president, Dr. Paul Metcalfe, PGeo, is available on the company website and on SEDAR.

Drilling is expected to begin within a couple of weeks. The company will transport the core under chain of custody by Dr. Metcalfe to North Vancouver for analysis and will report results when received. The company plans to do financing in connection with completing the analytical work.

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