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Canex Intersects 1.6 g/t Gold Over 35.1 Metres Including 8.2 g/tT Gold Over 4.6 Metres at the Excelsior Mine, Gold Range Project, Arizona

Canex Intersects 1.6 g/t Gold Over 35.1 Metres Including 8.2 g/tT Gold Over 4.6 Metres at the Excelsior Mine, Gold Range Project, Arizona
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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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