CANEX Metals Inc.: Drilling Has Commenced at the Gold Range Project, Arizona
CALGARY, AB / ACCESSWIRE / January 28, 2021 / CANEX Metals Inc. (TSXV:CANX) ( CANEX or the Company ) is pleased to announce that drilling has commenced at the Company s Gold Range Project in Northern Arizona. The Drill program will consist of a minimum of 6,000 ft (1829 metres) and will test multiple targets that have been identified.
The first 2 holes of the 2021 program have been completed and the drill is working on the third hole. Drilling is currently focused on the Eldorado Zone where up to 15 holes are planned to confirm and expand the Company s previously announced bulk tonnage oxide discovery (see press release dated November 2, 2020). The Eldorado Zone discovery was highlighted by hole GR20-9 which intersected 27.4 metres grading 0.9 g/t gold starting at surface.
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CALGARY, AB / ACCESSWIRE / January 18, 2021 / CANEX Metals Inc. ( CANEX or the Company ) is pleased to announce it has signed a reverse circulation drill contract with a major international drilling company to drill a minimum of 1829 metres (6000 feet) at the Companies Gold Range Project in Arizona.
Drilling is scheduled to start at the end of this week and will include up to 30 drill holes testing multiple priority targets. Drilling will initially focus on confirming and expanding the recently discovered zone of bulk tonnage style mineralization at the Eldorado Zone. This zone is highlighted by drill hole GR20-9 which intersected 27.3 metres grading 0.9 g/t gold starting at surface (previously released see November 2, 2020 news release). The Company anticipates up to 15 short holes in this zone to confirm and expand the near-surface bulk tonnage discovery.
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CALGARY, AB / ACCESSWIRE / January 13, 2021 / CANEX Metals Inc. ( CANEX or the Company ) is pleased to announce that, through its 100% owned Arizona subsidiary CANEXCO Inc., it has signed a binding letter of intent (the LOI ) 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 Arizona.
Highlights
The deal adds
The Excelsior Mine contains a
20 to 50 metre wide zone of alteration and quartz veining surrounding a shallow dipping
high grade quartz vein and shows excellent potential for near surface bulk tonnage and high grade vein mineralization.