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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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CANEX Metals Inc.: CANEX Expands Bulk Tonnage Oxide Gold Zone at the Eldorado Target Gold Range Project Arizona

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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Canex Metals (TSXV:CANX) Investor Overview

Canex Metals (TSXV:CANX) Investor Overview
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CANEX Metals Inc.: Drilling Has Commenced at the Gold Range Project, Arizona

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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