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Canamex Gold Corp C.CSQ

Alternate Symbol(s):  CNMXF

Canamex Gold Corp. is a Canada-based mineral exploration company. The Company is focused on acquiring other mineral properties/assets.


CSE:CSQ - Post by User

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Post by greenboomeron Jun 25, 2014 9:04am
184 Views
Post# 22692462

more drilling results

more drilling results2014-06-25 06:41 ET - News Release Mr. Greg Hahn reports CANAMEX DRILLING INTERSECTS 53.4 METRES GRADING 1.84 G/TONNE AU WITHIN 89.9 METRES GRADING 1.21 G/TONNE AU AT BRUNER GOLD PROJECT, NEVADA Canamex Resources Corp. has released results from reverse circulation drilling at the Bruner gold project located in Nye county, Nevada. Historic resource area(i) RC hole B-1419 Reverse circulation drill hole B-1419, drilled at the historic resource area intersected 175 feet (53.4 metres) grading 0.054 ounce per ton gold (1.84 grams per tonne gold) from 215 to 390 feet (65.5 to 118.9 metres) depth, within an interval of 295 feet (89.9 metres) from 55 to 125 feet (16.8 to 38.1 metres) and 215 to 440 feet (65.5 to 134.1 meters) grading 0.035 ounce per ton (1.21 grams per tonne gold). This intercept connects mineralized intervals drilled in holes B-1404C and B-1416 and reported previously (Canamex press releases dated May 21 and June 10, 2014). The cross-section displaying the drill hole results demonstrates the gold mineralized zone trends to surface above the reported intercepts. A plan view map will be posted to the website that displays the location of all holes drilled to date at the historic resource area, along with a cross-section displaying the drill holes described in this release. MINERALIZED INTERCEPTS Hole ID From-To Thickness Au Au Est. (ft) (ft/m) oz/t g/t true width B-1419 55-125 70/21.3 0.009 0.31 47/14.3 215-440 225/68.6 0.043 1.49 150/45.7 Incl. 215-390 175/53.4 0.054 1.84 117/35.6 B-1418 80-100 20/6.1 0.026 0.90 13.4/4.1 135-140 5/1.5 0.031 1.05 3.35/1.0 185-210 25/7.6 0.016 0.56 16.8/5.1 240-420 180/54.9 0.021 0.73 121/36.8 440-460 20/6.1 0.015 0.50 RC hole B-1418 Reverse circulation drill hole B-1418 was drilled below hole B-1419, and intersected the mineralized zone about 75 feet below the reported intercept in hole B-1419. Hole B-1418 intersected multiple mineralized zones totalling 250 feet grading 0.024 ounce per ton (76.2 metres grading 0.82 gram per tonne). On the section containing these two holes, the main mineralized zone is approximately 210 feet (64.0 metres) wide, 320 feet (97.6 metres) thick, and lies within 20 feet of surface. The Main mineralized zone of the historic resource area remains open along strike to the north and is largely untested by drilling. Work is under way to assess the best access to drill stations to continue drilling the northern extension of this mineralized zone. The assay results reported corroborate our interpretation that there is a higher-grade interior zone within the historic resource area that has not been fully defined or adequately tested by historic drilling. The entire main mineralized zone lies at very shallow depths below the surface, making it readily amenable to open-pit mining. Many historic drill holes penetrated beneath the main mineralized zone and failed to intersect this shallow zone. With continuing drilling of this exciting mineralized zone the company continues to advance its understanding of the host geology and the distribution of gold at Bruner. Once this additional drilling is completed the company should have enough detailed information to quantify the historic resource under National Instrument 43-101 standards for reporting purposes. Drill hole samples are stored on site and are retrieved by ALS Minerals employees or an independent contractor and transported in their custody to the ALS Minerals laboratory in Reno/Sparks, Nev., where they were photographed, sawn, sampled and analyzed by ALS Minerals laboratory for gold and silver. Duplicates, blanks and standards were inserted at regular intervals for quality assurance/quality control purposes. All drill samples are prepared by crushing the entire sample to 70 per cent passing two-millimetre size, splitting out one kilogram of sample and pulverizing this split to 85 per cent passing minus 75 microns in size. From the one-kilogram pulp 30 grams are split out for fusion and fire assay with an AA finish. If results return greater than three grams per tonne gold another 30-gram split is rerun by fusion and fire assay with a gravimetric finish. Greg Hahn, president and interim chief executive officer, and a certified professional geologist (No. 7122), is the qualified person under National Instrument 43-101 responsible for preparing and reviewing the data contained in this press release. (i) The historic resource area refers to an area on the Bruner property that was the subject of a historical resource estimate reported on the property reported in a press release by Miramar Mining Company in 1993 and is not in compliance with National Instrument 43-101 standards. The non-compliant resource estimate was done by industry professionals in accordance with standard industry practices prevalent at the time, and is believe to be reliable, but with no assurances as to how much of the resource would qualify as measured, indicated or inferred under current industry reporting standards. A qualified person (within the meaning of National Instrument 43-101) has not done sufficient work to classify the historical estimate as current mineral resource or mineral reserves, and the company is not treating the historical estimate as current mineral resources or mineral reserves. The historical estimate is relevant solely for purposes of directing target areas for the company's current exploration programs. We seek Safe Harbor. © 2014 Canjex Publishing Ltd. All rights reserved.
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