Canamex Resources (TSX:V.CSQ, Stock Forum) hit it big at Bruner Gold project with today's announcement of drill results at the project. Apparently the news was so good that someone pre-released the results two days ago inciting a trading frenzy and forcing the company to call for a trade halt until its official publication of results. Those results were broadcast this morning and bullboarders commenced celebrating.
According to the news release, the company came back with results from four holes drilled at the project located in Nye County, Nevada, which it claimed corroborated its belief that there are higher grade interior zones along well mineralized faults and fractures with the historic resource area that have not been fully defined or adequately tested by historic drilling.
Highlights from the drill results included 6.97 g/tonne gold over 44.2 metres including 27.91 g/tonne gold and 327.3 g/tonne silver over 7.6 metres at B-1425 and 3.44 g/tonne gold over 47.3 metres at B-1424.
The release went on to note that the East Mineralized Zone of the historic drilling area remained open along strike to the north and south and was largely untested by drilling. The company has commenced work to assess the best access to drill stations to continue drilling the open extensions of this mineralized zone.
Canamex Resources was in the news recently when the company announced other intersections of mineralized gold at Bruner less than two weeks ago.
Shares climbed 23.08% on the news to $0.16 per share.
Currently there are 122.1m outstanding shares with a market cap of $19.5 million.