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Wow, this Elon Musk scam has Jail written all over this hoax. Some people need to answer for this shit.
Nothing is going to space. Just look at this prize from Lost in Space. Who the hell does Musk think he is outright lying to the public.
Does anybody really think this con man Musk is getting away with this shit.
He's going to space mine? Give me a break.
The liars tin can rocket couldn't get passed Fat Albert let alone Buz Lightyear and the moon. Wow, what a disaster.
Yes its great Weeeeeeeeeeeeeeee ....... AuEx Ventures, Inc XAU
Looking for some dip buying...............
Ronald L. Parratt
President and Chief Executive Officer
Certified Registered Geologist (CRG) CRG-3378 - California
Certified Professional Geologist (PG) PG-2945 - Wyoming
SUMMARY OF QUALIFICATIONS
Exploration Manager with an exceptional record of successful discovery and development of several North American gold projects.
Over 38 years of diverse exploration experience including all facets of precious metals exploration from reconnaissance to intensive development. Managed one of the largest private mineral estates in North America. Highly motivated, hardworking and committed to win.
SIGNIFICANT ACCOMPLISHMENTS
Managed the discovery and development of the Rabbit Creek, Lone Tree and Trenton Canyon gold deposits and participated, via joint venture, in the discovery and development of the Marigold, North Peak, Cipoeira and Gold Hill gold deposits as well as the Trinity silver deposit. Managed the development of resource to reserve at the Twin Creeks, Mule Canyon, Valmy and Mesquite gold deposits. Cumulatively, these activities resulted in the creation of over 15 mm ounces of gold reserves within a 12-year period and North America's fifth largest gold mining company, which produced over 850,000 oz of gold during 1996.
Managed the consolidation of Gold Fields Mining Corp's US exploration staff with Santa Fe's US exploration staff after completion of the Hansen PLC/Santa Fe Asset Exchange in 1993. Member of the Executive Due Diligence team that evaluated the Homestake Mining Co. and Newmont Gold Co. offers to acquire Santa Fe via merger in late 1996 and early 1997.
PROFESSIONAL EXPERIENCE
AUEX VENTURES, INC.
Reno, Nevada
January 2003 To Present
President & Chief Executive Officer, January 2003 to Present
Co-managed the creation of a new private gold exploration company focused on Nevada. Acquired several projects and commenced joint venture business approach. Took company public in mid 2005 via an IPO.
PARRATT GEOLOGICAL SERVICES, LLC.
Reno, Nevada
March 2002 To December 2002
Manager, March 2002 to December 2002
Operated a geological consulting service business focused on finding and acquiring new precious metals exploration targets in Nevada. Acquired projects for clients and seed interests, eventually leading to AuEx Ventures.
HOMESTAKE MINING COMPANY
Sparks, Nevada
June 1997 To February 2002
Exploration Manager, North America - June 1999 to February 2002
Directed Homestake's exploration and development programs for the United States and Canada. Direct involvement in activity at the Pinson, Marigold, Round Mountain, Ruby Hill, Lead and Eskay Creek mines and in developing new targets for exploration within the Great Basin and in northern British Columbia.
Director of Exploration, Americas - June 1997 to June 1999
Directed Homestake's exploration and development programs in the United States and in South America including Venezuela, French Guyana, Brazil, Peru, Chile and Argentina.
SANTA FE PACIFIC GOLD CORPORATION
Reno, Nevada
February 1978 To May 1997
Vice President of Exploration - October 1996 to May 1997
Responsible for all facets of Santa Fe's worldwide exploration and development programs consisting of intensive exploration activities in the United States, Brazil and Central Asia and active programs in Canada, Mexico, Chile, West Africa and Australia.
Director of Exploration, The Americas - March 1996 to October 1996
Directed Santa Fe's exploration and development programs in North and South America including Canada, United States, Mexico, Brazil and Chile.
Director of North American Exploration - December 1994 to March 1996
Directed Santa Fe's exploration and development programs in North America including the United States, Canada and Mexico.
Director, US Exploration - December 1991 to December 1994
Directed Santa Fe's US exploration and development programs.
Director of Exploration, Northwest Region - July 1989 to December 1991
Directed Santa Fe's Great Basin exploration program.
Exploration Manager, Northwest Region - July 1984 to July 1989
Managed Santa Fe's Great Basin gold exploration program post-completion of the Santa Fe/Southern Pacific merger.
SOUTHERN PACIFIC LAND COMPANY
San Francisco, California - Reno, Nevada
February 1978 To July 1984
Manager,Minerals - May 1980 to July 1984
Opened new exploration office in Reno, hired initial staff and commenced gold exploration program in Nevada. Curtailed leasing activities in favor of joint ventures. Southern Pacific merged with Santa Fe in 1984.
Senior Geologist February 1978 to May 1980
Responsible for overseeing leasing, exploration and development activities for minerals, oil and gas and geothermal resources on Southern Pacific's 8 mm acre land package in California, Nevada and Utah.
STAUFFER CHEMICAL COMPANY
Richmond, California
June 1971 To August 1974
June 1975 TO February 1978
Geologist
Performed exploration and development activities for western phosphate rock, borates, trona and fluorspar in Idaho, Utah, Wyoming, California and New Mexico. Served as the Resident Mine Geologist for Stauffer's Big Island underground trona mine in Wyoming with involvement in surface and underground exploration and development drilling, rock mechanics studies and ground water investigations.
EDUCATION
Master of Science-Economic Geology, Purdue University 1975
Bachelor of Science-Geochemistry, Purdue University 1970
PROFESSIONAL AFFILIATIONS
Commissioner, Nevada Commission on Mineral Resources
Registered Geologist #3378, State of California
Professional Geologist #2945, State of Wyoming
Certified Professional Geologist # 7616, American Institute of Professional Geologists
Mackay School of Mines, University of Nevada-Reno, Advisory Board Member
The Mining and Metallurgical Society of America, Member
Northwest Mining Association, Member
The Geological Society of Nevada, Member
Society of Economic Geologists, Fellow
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http://www.auexventures.com/s/Home.asp
Fact Sheet
October 19, 2009
Common Shares Issued 35,610,051
Exchangeable Shares 4,605,279
Shares Issued and Outstanding 40,215,330
Options Outstanding 4,000,000
Warrants Outstanding 4,069,750
Fully Diluted 48,285,080
% Held by Insiders 30.3%
Corporate Profile
AuEx Ventures, Inc. is a Nevada-based precious metals exploration company that has a current portfolio of twenty-four exploration projects, 9 of which are under exploration earn-in or joint venture agreements. The company also has a major oxide copper gold project in Spain and their wholly owned subsidiary. AuEx Argentina, S.A. controls 2 projects in Santa Cruz Province Argentina, of which are in exploration earn-in agreements with Agnico-Eagle (USA), Ltd. The Company funds 100% of an ongoing generative program in Nevada and 30% of a generative program in Argentina that is 70% funded by Agnico-Eagle. AuEx trades on the Toronto-Stock Exchange under the symbol XAU.
AuEx controls over 167,000 acres of unpatented claims and fee land. Eleven of the projects are in earn-in or joint venture agreements with seven companies who provide exploration funding. The AuEx team combines extensive global field experience with highly developed quantitative skills. Many techniques within AuEx are proprietary. The Company's conservative business approach using the joint venture model with a low overhead burn rate provides less exposure to risk, a highly probability of technical success, and a tight share structure. AuEx was formed to capitalize on the in-depth experience, technical capability and historical success of the local management team in Nevada.
Ronald L. Parratt is Co-Founder, President, CEO of AuEx Ventures, Inc.
As a Sante Fe Pacific Gold's World Wide Exploration Manager, Ron was involved in the discoveries of three gold deposis in Nevada totaling more than 10 million ounces (Rabbit Creek, now part of Twin Creeks, Lone Tree, and Trenton Canyon). His experience led him to be appointed as Director of North and South America for Homestake Mining in the late 1990's.
Richard L. Bedell is Co-Founder, Executive Vice President of AuEx Ventures, Inc. and President of AuEx Argentina, S.A.
Previously, Richard served as Homestake Mining Company's Technical Manager, utilizing his international field expertise in structural geology, remote sensing and alteration mapping. As an Independent Consultant, Richard has worked with some of the largest gold companies in the world. He is currently an Adjunct Faculty member in Exploration Geophysics at the Mackay School of Earth Sciences and Engineering in Reno, NV.
Innovative Technology
Refining the art of mineral exploration is a primary goal of AuEx management. The Company employs leading edge exploration techniques and technology for ore deposit vectoring including: proprietary remote sensing, spatial probability modeling and multivariate statistical analysis. Data is then combined with field geology and alteration mineralogy for the purpose of target selection, property acquisition and joint venture development.
Joint Venture Business Plan
At AuEx, we believe that the joint venture business plan is the most effective exploration strategy for non-revenue generating junior explorers. By adopting this business plan, we are accepting dilution to our exploration property positions rather than dilution to our shareholders. AuEx is committed to minimizing risk by developing a portfolio of exploration projects and leveraging out exploration risk to joint venture partners. A mineral discovery at any project in the portfolio, even at a 30% to 49% participation level, will translate meaningfully into increased shareholder value through tighter share structure. Other benefits of the business plan include reducing AuEx operating costs through cost recovery from joint venture partners and knowledge gained through experience and technical strengths of our partners.
Nevada Exploration
Nevada is a premier gold and silver producing region and is viewed by management as a strategic region for future mineral discovery and production. AuEx intends to optimize opportunities in Nevada that are presented by low cost exploration, advanced industry infrastructure and declining regional mineral production.
Exploration Highlights
Pequop: The New Gold District in Nevada:
- Initial NI 43-101 report released in March 2009, announced an Indicated Resource of 363,000 oz Au (4,808,000 tonnes averging 2.35 g Au/T) and 459,000 oz Au of Inferred Resource (8,780,000 tonnes averaging 1.63 g Au/T). A cutoff-grade of 0.30 g Au/T is used to tabulate the resources.
- New Carlin-type mineral deposit that has multiple zones of gold mineralization.
- High-grade, near surface, oxide gold deposit, open-pit amenable.
- 5,460 feet long and 800+ feet wide - open on strike and depth to the north, east, and west in eastern foothills of the Pequop Range.
- AuEx Ventures, Inc. is 49% Owner.
2009 is proving to be a very exciting and productive year for AuEx and its funding partners. The Company expects that over $25 million will be spent on exploration during 2009, which includes plannned expenditures on the Long Canyon and West Pequop projects located in Nevada's Newest Gold District.
The 2009 exploration program for the Long Canyon Venture will consist of 35,000 meters of reverse circulation and core drilling. The program is designed to extend gold mineralization to the southwest and northeast, to increase the confidence level of the known gold mineralization, and to discover new gold mineralization on the 12,000 acre property. Drilling and metallurgical studies are underway to access potential processing options and preliminary engineering and environmental studies are being conducted.
Agnico-Eagle continues an aggressive exploration program for the West Pequop Venture with a budget of approximately $4 million. The 2009 exploration and drilling program are designed to expand known gold-bearing zones and discover new gold mineralization in other areas identified by surface sampling and geological mapping.
Other Nevada Properties: Our joint venture partner, Eldorado Gold Corporation, is preparing to drill the Hays Canyon project in mid-2009. Surface exploration work is continuing at Buffalo Canyon and Green Monster in anticipation of drilling in 2010.
Argentina: AuEx has a strategic alliance with Agnico-Eagle in Santa Cruz Province, Argentina for generative exploration where costs are shared 30/70. AuEx has applied for exploration rights on 11 parcels and has leased exploration rights on 4 parcels. These define thirteen distinct land packages of mineral rights totaling almost 90,000 hectares. To date, Agnico-Eagle has accepted two projects; Meridiano and Gertrudis, for further exploration work, and has committed to fund 100% of the costs. Meridiano will be drilled in late 2009.
Spain: AuEx's Baza project in southeastern Spain is a new large IOGC District where regional stream sediment sampling has been conducted and follow-up rock chip sampling completed. An initial mineral license has been granted with additional applications filed.
Summary of AuEx Project Holdings as of November 12, 2009
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Executive Office:
Address: | 940 Matley Lane Suite 17 Reno, NV U.S.A. 89502 |
Telephone: | 775-337-1545 |
Fax: | 775-337-1542 |
Email: | info@auex.com |
Corporate Office:
Address: | Unit 1 - 15782 Marine Drive White Rock, BC Canada V4B 1E6 |
Telephone: | 604-536-2711 |
Fax: | 604-536-2788 |
Transfer Agent:
Computershare Investor Services
Address: | 2nd Floor, 510 Burrard Street Vancouver, BC V6C 2B9 |
Telephone: | 604-661-9400 |
Fax: | 604-669-1548 |
Website: | www.computershare.com |
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