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Auramex options portion of Silver Crown property to Mountain Boy Minerals

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Auramex options portion of Silver Crown property to Mountain Boy Minerals

Auramex Resource Corp. said March 19 that it optioned a portion of the Silver Crown property in British Columbia to Mountain Boy Minerals Ltd.

The 1,720-hectare Silver Crown property is under option to Auramex for C$120,000 in cash and 500,000 in shares as well as a 2% net smelter returns royalty to the vendor.

Under the latest deal, Mountain Boy agreed to fund an 85% interest in the underlying option in exchange for rights to portions covering 1,478 hectares. Auramex will keep the rights adjacent to its Champion property.

The portion of the Silver Crown property Mountain Boy is optioning adjoins its MB silver property to the north, west and south.

Auramex is seeking joint venture partners for targets identified across its landholdings in British Columbia's Golden Triangle.