Welcome!

News Feed Item

Canamex Intersects 70.1 Meters Grading 3.17 g/tonne Gold at Bruner Gold Project, Nevada

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/21/14 -- Canamex Resources Corp. (the "Company") (TSX VENTURE: CSQ)(OTCQX: CNMXF)(FFRANKFURT: CX6) is very pleased to announce ongoing results from the core drilling program at the Bruner gold project located in Nye County, Nevada.

Historic Resource Area(i)

Core Hole B-1404C

Core hole B-1404C, drilled at the historic resource area(i) at nearly right angles to the interpreted strike of mineralization, intersected 230 feet grading 0.092 oz/ton Au ((70.1 metres grading 3.17 g/tonne Au) from 262-492 feet depth, including 5 feet grading 2.98 oz/ton (1.5 metres grading 102 g/tonne) from 332-337 feet. This is the second best drill hole intercept in the historic resource area(i) next to reverse circulation (RC) hole B-1340. B-1340 was the last hole drilled at the historic resource area(i) in 2013, and intersected 190 feet grading 0.155 oz/ton Au (57.9 metres grading 5.23 g/tonne Au). These two drill hole intercepts are approximately 100 feet apart and indicate continuity of a high-grade portion within this mineralized zone of the historic resource area(i). A plan view map has been posted to the web site that displays the location of holes B-1404C and B-1340, along with the locations of other historic drill hole intercepts that define this mineralized portion of the historic resource area(i). Results of ongoing drilling between these two holes are pending, and will provide further definition of this zone.

Core hole B-1406C

Core hole B-1406C was drilled on the same azimuth as hole B-1404C, but at a shallower inclination of 45 degrees from horizontal, and intersected the mineralized zone about 100 feet above the intercept in hole B-1404C. Hole B-1406C intersected 290 feet grading 0.019 oz/ton ((88.4 metres grading 0.645 g/tonne) from 271-561 feet ( 82.6-121 metres), including higher grade intervals as noted below:


                From-To        Thickness      Grade          Grade
Hole ID         (ft)           (ft/m)         oz/ton Au      g/tonne Au
--------------------------------------------------------------------------

B-1406C         271-321        50(15.2)       0.041          1.419
  Incl.         281-291        10(3.1)        0.176          6.040
                361-386        25(7.6)        0.019          0.666
                416-491        75(22.9)       0.013          0.455
                531-561        30(9.1)        0.051          1.713
  Incl.         541-551        10(3.1)        0.133          4.555

Together the two drill hole intercepts have tested the approximate center of this portion of the historic resource area(i), as portrayed on the cross section and plan view map posted to the web site. On the section containing these two core holes the mineralized zone is approximately 250 feet (76.2 metres) thick, 400 feet (122 metres) wide, lying approximately 100 feet (30.5 metres) below the surface. Drilling on five other sections, targeting two inclined holes per section, is underway with the reverse circulation ("RC") drill to further define this high-grade portion of the historic resource area(i) and determine the strike length of this mineralized zone.

Core Holes B-1402C and B-1403C

Core holes B-1402C and B-1403C were drilled on the southern end of the mineralized trend, shown on the plan view map posted on the Canamex website, and intersected the distal tail of the mineralized zone as summarized in the following intercept table.


                From-To        Thickness      Grade          Grade
Hole ID         (ft)           (ft/m)         oz/ton Au      g/tonne Au
--------------------------------------------------------------------------

B-1403C         36-191         155/47.3       0.014          0.488

B-1402C         15-42          27/8.2         0.014          0.474
                147-167        20/6.1         0.017          0.571
                232-247        15/4.6         0.012          0.425
                307-327        20/6.1         0.013          0.459
                431.25-447     15.75/4.8      0.010          0.342
                ----------------------------------------------------------
                Sub-total      97.75/29.8     0.013          0.462

In addition, core hole B-1408C was drilled 100 feet beneath historic drill hole BRU-094, which intersected 80 feet grading 0.038 oz/ton Au (24.4 metres at 1.31 gm/tonne Au) from 5 to 85 feet (1.5-24.4 metres). However, we have no descriptions from this historic hole to place the intercept in a geologic context. Results from B-1408C are pending.

The results reported above corroborate our interpretation that there are high-grade zones (cores or roots) within the historic resource area(i) that have not been identified or adequately tested by historic drilling. Continued drilling is needed to define these zones which are considerably higher in grade than the reported average grade of the historic resource area(i). With ongoing drilling of this exciting mineralized zone, we continue to develop our understanding of the host geology, geometry and distribution of gold mineralization at Bruner, which should allow us to quantify the gold mineralized zones under NI 43-101 standards for reporting purposes after sufficient drilling has been completed.

Penelas East Exploration Drilling

RC drilling commenced April 17th at the Penelas East discovery area. The current program has been designed to test coincident VLF-EM and soil geochemical anomalies, one of which outlines the gold-bearing drill intercepts from 2012 and 2013 in the discovery area. Those results will be reported separately, when complete results have been received and interpreted. The core rig has been moved to the Penelas East discovery area and has completed two holes that offset core hole B-1341C, which intersected 262 feet grading 0.044 oz/ton Au (79.9 metres grading 1.509 g/tonne Au). B-1411C was drilled to test for an up-dip extension of mineralization, and B-1422C to test for both up-dip and southern extensions of mineralization. Assays are pending.

Drill core samples are stored on a locked storage facility 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.

Greg Hahn, President and interim CEO, and a Certified Professional Geologist (#7122), is the Qualified Person under NI 43-101 responsible for preparing and reviewing the data contained in this press release.

(i)The historic resource area refers to an area on the Bruner property that was the subject of a historical resource estimate reported on the property not in compliance with NI 43-101 standards. A qualified person (within the meaning of NI 43-101) has not done sufficient work to classify the historical estimate as current mineral resource or mineral reserves, and the Company is not treating the historical estimate as current mineral resources or mineral reserves. The historical estimate is relevant solely for purposes of directing target areas for the Company's current exploration programs.

ON BEHALF OF THE BOARD

Greg Hahn, Interim CEO and President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements:

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the planned 2014 drilling program on the Bruner property; the potential for establishing a NI 43-101 mineral resource estimate; the potential mineralization and geological merits of the Bruner property; and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company's planned 2014 drilling program(s) on the Bruner property, will not be consistent with the Company's expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company's future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the Bruner property are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company's 2014 exploration programs will proceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

Contacts:
Canamex Resources Corp.
Greg Hahn
Interim CEO and President
(720) 244-2022
www.canamex.us

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
The competitive landscape of the global cloud computing market in the healthcare industry is crowded due to the presence of a large number of players. The large number of participants has led to the fragmented nature of the market. Some of the major players operating in the global cloud computing market in the healthcare industry are Cisco Systems Inc., Carestream Health Inc., Carecloud Corp., AGFA Healthcare, IBM Corp., Cleardata Networks, Merge Healthcare Inc., Microsoft Corp., Intel Corp., an...
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
StackIQ has announced the release of Stacki 3.2. Stacki is an easy-to-use Linux server provisioning tool. Stacki 3.2 delivers new capabilities that simplify the automation and integration of site-specific requirements. StackIQ is the commercial entity behind this open source bare metal provisioning tool. Since the release of Stacki in June of 2015, the Stacki core team has been focused on making the Community Edition meet the needs of members of the community, adding features and value, while ...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Ovum, a leading technology analyst firm, has published an in-depth report, Ovum Decision Matrix: Selecting a DevOps Release Management Solution, 2016–17. The report focuses on the automation aspects of DevOps, Release Management and compares solutions from the leading vendors.
Continuous testing helps bridge the gap between developing quickly and maintaining high quality products. But to implement continuous testing, CTOs must take a strategic approach to building a testing infrastructure and toolset that empowers their team to move fast. Download our guide to laying the groundwork for a scalable continuous testing strategy.
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
"Avere Systems is a hybrid cloud solution provider. We have customers that want to use cloud storage and we have customers that want to take advantage of cloud compute," explained Rebecca Thompson, VP of Marketing at Avere Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.