Very Possible onto major discovery We are following up on the exceptional intercept in drill hole B-1115 earlier this year and announced on March 8. This intercept suggests we have tapped into a thick, high-grade epithermal vein high in the system, which could represent just the tip of the iceberg, by comparison with other high-grade volcanic-hosted epithermal veins in Nevada. Success in this drilling program could significantly change the prospects for increasing resources at the Bruner project, and could have a very positive impact on the potential economics of the project," stated Greg Hahn, chairman and chief executive officer. Drilling program
Canamex has contracted with AK Drilling Inc. out of Butte, Mont., to drill six to eight holes to test the extensions to the high-grade gold-silver intersected in the Penelas East vein in drill hole B-1115 in the spring 2012 drilling campaign on the Bruner property, Nye county, Nevada.
Drill hole B-1115 penetrated a chalcedonic vein at least 15.24 metres (50 feet) thick at the bottom of the hole. The hole bottomed in the vein. This vein intercept has a true width of between 7.62 and 13.72 metres (25 to 45 feet), depending upon the actual dip of the vein. Within the thick vein intercept, the core of the vein carried a grade of 12.97 grams per tonne gold (0.379 ounce per ton) and 146 g/t silver (4.25 ounces per ton) across an apparent true width of 4.2 metres (13.7 feet), including 1.4 metres assaying 24.97 g/t gold (0.729 ounce per ton) and 151 g/t silver (4.41 ounces per ton). Silver is visible as black, submetallic sulphides. Gold is not visible. The chalcedonic nature of the vein indicates this intercept is high in the vein system, above the level where higher grades and textures more typical of the interior of an epithermal vein are generally encountered.
The proposed drilling will test the strike extension and the dip extension of the intercept in B-1115 between 30 and 60 metres (100 to 200 feet) along strike to the north and to the south, and 30 to 60 metres (100 to 200 feet) below the elevation of the intercept in B-1115, to evaluate the potential for continuity along strike and increased potential with depth as per the epithermal vein model.