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CANEX Metals Inc.: Canex Signs Drill Contract for the Gold Range Project, Arizona Drilling to Commence Shortly

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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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CANEX Metals Inc.: CANEX Signs Letter of Intent to Add the Excelsior Mine Property to the Gold Range Project, Including 3 Past Producing Gold Mines

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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. ....

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