Nevada Option Agreement Terminated
Saskatoon, April 28, 2020 - Aurex Energy Corp. ("Aurex" or the "Company" - (TSXV:AURX) reports that the option agreement (the "Agreement") on its Whiskey Flat Copper-Zinc Project in Nevada has been terminated pursuant to the terms of the Agreement. As disclosed in news releases dated October 27, 2017 and February 21, 2018, the Company was earning in to a 50% working interest in the copper-zinc property located in Mineral County, Nevada.
Gary Billingsley, President says "Given today's commodity markets, and near to mid-term projections for natural gas and gold prices, the Company will continue to prioritize its natural gas project in Texas, and consider how best to advance its Cook Gold Project, located in Humboldt County, Nevada. Natural gas prices in the US have demonstrated stability in a time of chaotic oil markets, and gold prices are expected to continue exhibiting strength."
About AUrex Energy Corp.
Aurex Energy Corp. is a Canadian-based resource exploration and development company with its head office in Saskatoon, SK. Aurex is focused on the acquisition and development of a diversified portfolio of resource properties critical to current and future energy production. This includes natural gas for LNG, base metals, platinum group elements, strategic metals including cobalt, and gold.
Aurex Energy Corp. TRADES ON THE TSX VENTURE EXCHANGE UNDER THE SYMBOL "AURX".
For further information:
Gord Dent, Manager Investor Relations
Phone: 306-242-7363
Email: corp@aurexenergy.ca
To receive information by e-mail, visit www.aurexenergy.ca and click "Contact".
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