CALGARY, AB / ACCESSWIRE / June 3, 2021 / CANEX Metals Inc. ("CANEX" or the "Company") is pleased to announce that, through its 100% owned Arizona subsidiary CANEXCO Inc., it has signed and completed a
Canex Metals Inc. is pleased to announce that, through its 100% owned Arizona subsidiary CANEXCO Inc., it has signed and completed a definitive agreement to option the Excelsior Mine Property comprised of 11 lode mining claims and 2 patented mining claims covering 3 past producing historic gold mines. The Excelsior Mine Property sits within the boundaries of the Company's Gold Range Project in ArizonaHighlightsThe .
CANEX Metals Inc.: CANEX Reports Cyanide Soluble Gold Recoveries of 79.5% from the Eldorado Zone at Gold Range, Arizona
Highlights
Cyanide soluble gold analyses from sample pulps from the Eldorado Zone show excellent recoveries and support a bulk tonnage heap leach target.
200 samples of oxidized and transitional material average 79.5% cyanide soluble gold.
8 samples have been submitted for bottle roll test work to provide a more detailed metallurgical characterization of Gold Range mineralization.
Two hundred pulp samples from reverse circulation drilling at the Eldorado zone have been analyzed for cyanide soluble gold using a 2 hour cold cyanide leach on 15 gram pulp samples. The 200 samples returned a range of 25 to 127% cyanide soluble gold, averaging 79.5%. The samples analyzed are mainly from visibly oxidized zones, although some mixed oxide and sulfide (transitional) material was noted deeper in the system.
CANEX Metals Inc.: CANEX Expands Bulk Tonnage Oxide Gold Zone at the Eldorado Target Gold Range Project Arizona Drill hole intercepts, true widths have not been determined.
Holes GR21-15 and 16 were collared from the same pad located 50 metres southwest of section A-A . Hole GR21-15 was a vertical hole drilled to a total depth of 79.3 metres, and hole GR21-16 was drilled toward the northwest at an angle of -45 degrees to a total depth of 76.2 metres. Both holes intersected widespread anomalous gold with no significant zones of mineralization.
Figure 1. Eldorado Zone drill hole location map.
Figure 2. Eldorado Zone cross section A-A showing geology and gold distribution.
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