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Cannex Capital Holdings Inc. - Ordinary Shares C.CNNX


Primary Symbol: CNXXF

"Cannex Capital Holdings Inc, formerly known as Arco Resources Corp is a cannabis company. The company will focus on providing a range of comprehensive and flexible growth options for licensed cannabis cultivators, processors and/or dispensaries domestically and internationally, including providing turn-key real estate with operational infrastructure as well as long term advisory and consulting services."


OTCQX:CNXXF - Post by User

Comment by desnootjeson Feb 15, 2012 4:44pm
275 Views
Post# 19539631

RE: is this stock going up? ?

RE: is this stock going up? ?

 

 
ARCO ANNOUNCES COMPLETION OF TECHNICAL REPORT ON PREDILECTA PROPERTY
 
Arco Announces Completion of Technical Report on Predilecta Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 15, 2012) - Arco Resources Corp. (TSX VENTURE:ARR) ("Arco" or the "Company") contracted with Micon International in the fall of 2011 to prepare a technical report (the "Report") under National Instrument 43-101 on its 3,181 hectare Predilecta property located in the state of Oaxaca, Mexico. The Report has now been completed, and recommends a two-phase property-wide exploration program with a budget of $290,000.

The Report documents numerous vein systems on the property including the Predilecta vein and the La Crus vein system. The La Crus vein system is a zone of shearing and alteration that has narrow quartz veins and stockwork that is hosted in the same Proterozoic gneiss as the Predilecta vein. The system has been traced on surface for approximately 500 metres and intermittently for an additional 800 metres. There is potential to extend the known vein along strike and down dip.

The Report further states that a drilling program would further identify the current structures. Micon recommends a property-wide exploration program to include mapping, sampling and geophysics of the property's unexplored areas. The Report states: "The present number of showings on the property indicates that there is a potential for additional mineralized structures to be discovered. The known showings are predominantly structurally controlled. The geological maps indicate that there are many faults within the area. These need to be explored. Also, the types of geological units in the area indicate that there could be other mineral deposit types present (i.e. skarns)."

Ben Whiting, P.Geo. and a director of Arco Resources Corp., is a Qualified Person and takes responsibility for the technical disclosure in this news release.

 

 

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