Canamex Drilling Intersects 22.9 Metres Grading 3.29 g/tonne Au in the
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Oct 21, 2014 09:03PM
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Vancouver, BC / TN-ACCESSWIRE / October 21, 2014 / Canamex Resources Corp. (the "Company") (TSX-V: CSQ) (OTCQX: CNMXF) (FSE: CX6) is pleased to announce ongoing results from core drilling at the Bruner Gold Project located in Nye County, Nevada.
Core Hole B-1446C
Core drill hole B-1446C, was drilled at the open northern extension of the Penelas East Zone and intersected 22.9 metres (75 feet) grading 3.29 g/tonne Au (0.096 oz/ton Au) from 221.6-244.5 metres (727-802 feet) depth. This zone incorporates a 5.0 foot (1.52 metres) wide, high-grade interval at 237.8-239.3 metres (780-785 feet) grading 37.5 g/tonne (1.094 opt) Au. In addition, several other zones were intersected higher in the hole as referenced in the table below. These intercepts are at the far northern end of drilling at the Penelas East discovery area, and the nearest neighbor drill hole to the north is over 100 meters away. As a result the Penelas East discovery area remains wide open to the north to expansion.
Core Hole B-1446C
Interval (ft) |
Length (ft/m) |
Au gpt |
Au opt |
Est. True Width (ft/m) |
27-42 |
15/4.6 |
0.551 |
0.016 |
7.5/2.3 |
117-202 |
85/25.9 |
1.152 |
0.034 |
42.5/13 |
727-802 |
75/22.9 |
3.291 |
0.096 |
37.5/11.5 |
incl. 780-785 |
5/1.5 |
37.5 |
1.094 |
2.5/0.75 |
Core hole B-1446C intersected the deeper mineralized zone containing the high grade zone 32-35 feet (roughly 10 metres) along strike from the high-grade intercept encountered in RC hole B-1436 (reported earlier).
A second core hole (B-1454C) was drilled into the high-grade target area, and intersected the high-grade target area 23-30 metres (75-100 feet) north of the high-grade intercept in holes B-1446C and B-1436. Results from core hole B-1446C should be available in early-October.
The high grade zone intersected in hole B-1446C remains open to the west and north, as does the thick lower grade mineralization encountered higher in the hole.
Drill hole samples are stored on site and are retrieved by ALS Minerals personnel or an independent contractor and transported in their custody to the ALS Minerals laboratory in Reno/Sparks, Nevada, where they were photographed, sawed, sampled, and analyzed by ALS Minerals laboratory for gold and silver. Duplicates, blanks, and standards were inserted at regular intervals for QA/QC purposes. All drill samples are prepared by crushing the entire sample to 70% passing 2mm size, splitting out 250 grams of sample and pulverizing this split to 85% passing -75 microns in size. From the 250 gram pulp 30 grams is split out for fusion and fire assay with an AA finish. If results return 3 g/tonne Au or greater, the lab performs a 30 gram fire assay with a gravimetric finish from the same pulp. In addition, a second sample is prepared by crushing the sample down to 90% passing 10 mesh and proceeding to a rotary split of 1 kg that is pulverized to 85% passing 200 mesh. From the 1 kilogram pulp 30 grams is split out for a second fire assay with gravimetric finish.
Greg Hahn, President and interim CEO and a Certified Professional Geologist (#7122) is the Qualified Person under NI43-101 responsible for preparing and reviewing the data contained in this press release.
ON BEHALF OF THE BOARD
SIGNED: "Greg Hahn"
Greg Hahn, Interim CEO and President
Contact: (720) 244-2022
Renmark Financial Communications Inc.
Robert Thaemlitz: rthaemlitz@renmarkfinancial.com
Henri Perron: hperron@renmarkfinancial.com
Tel.: (514) 939-3989 or (416) 644-2020