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Canex Signs Definitive Option Agreement for the Excelsior Mine Property at the Gold Range Project Arizona

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 . ....

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CANEX Metals Inc.: CANEX Reports Cyanide Soluble Gold Recoveries of 79.5% from the Eldorado Zone at Gold Range, Arizona


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. ....

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