Welcome!

News Feed Item

Canamex Drilling Intersects 47.3 Metres Grading 1.5 g/tonne Au Within 114.3 Metres Grading 0.87 g/tonne Au at Bruner Gold Project, Nevada

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/10/14 -- Canamex Resources Corp. (the "Company") (TSX VENTURE: CSQ)(OTCQX: CNMXF)(FRANKFURT: CX6) is very pleased to announce ongoing results from reverse circulation drilling at the Bruner Gold Project located in Nye County, Nevada.

Historic Resource Area(i)

RC Hole B-1414

Reverse circulation drill hole B-1414, drilled at the historic resource area(i) intersected 155 feet (47.3 metres) grading 0.044 oz/ton Au (1.5 g/tonne Au ) from 160-315 feet (48.8-96.0 metres) depth, within an interval of 375 feet (114.3 metres) from 20-395 feet (6.1-120.4 metres) grading 0.025 oz/ton (0.87 g/tonne) Au. The intercept demonstrates that the gold zone comes to surface at this location of the main mineralized zone, which is corroborated by surface sampling along the trace of this drill hole. A plan view map will be posted to the web site that displays the location of all holes drilled to date at the historic resource area, along with a cross section displaying the drill holes described in this release.

Mineralized intercepts in hole B-1414 are reported in the table below:


                           From-To     Thickness        oz/ton       g/tonne
Hole ID                       (ft)        (ft/m)            Au            Au
----------------------------------------------------------------------------
B-1414                      20-395     375/114.3         0.025         0.866
  Incl.                    160-315      155/47.3         0.044         1.500
  Incl.                    240-245         5/1.5         0.373         12.80

RC Hole B-1415

Reverse circulation drill hole B-1415 was drilled above hole B-1414, and intersected the mineralized zone about 75 feet above the 240-245 feet intercept in hole B-1414. Hole B-1415 intersected multiple mineralized zones totaling 90 feet grading 0.014 oz/ton (27.4 metres grading 0.49 g/tonne) as reported in the table below:


                     From-To     Thickness         Grade         Grade
Hole ID                 (ft)        (ft/m)     oz/ton Au    g/tonne Au
----------------------------------------------------------------------
B-1415                 25-45        20/6.1         0.011         0.365
                     120-155       35/10.7         0.019         0.665
                     170-205       35/10.7         0.013         0.452

On the section containing these two holes, the main mineralized zone is approximately 150 feet (45.7 metres) wide, 350 feet (106 metres) thick, and lies immediately below the surface.

RC Hole B-1416

Reverse circulation drill hole B-1416, drilled at the historic resource area(i) intersected 375 feet (114.3 metres) grading 0.029 oz/ton Au (1.00 g/tonne Au ) from 50-425 feet (15.2-129.6 metres) depth, including an interval from 320-325 feet (97.6-99.1 metres) grading 0.90 oz/ton (30.9 g/tonne) Au.

Mineralized intercepts in hole B-1416 are reported below:


                           From-To     Thickness        oz/ton       g/tonne
Hole ID                       (ft)        (ft/m)            Au            Au
----------------------------------------------------------------------------
B-1416                      50-425     375/114.3         0.029          1.00
  Incl.                    320-325         5/1.5         0.901          30.9

RC Hole B-1417

Reverse circulation drill hole B-1417 was drilled above hole B-1416, and intersected the mineralized zone about 80 feet above the 320-325 feet intercept in hole B-1416. Hole B-1417 intersected multiple mineralized zones totaling 230 feet grading 0.016 oz/ton (70.12 metres grading 0.55 g/tonne) as reported in the table below:


                     From-To     Thickness         Grade         Grade
Hole ID                 (ft)        (ft/m)     oz/ton Au    g/tonne Au
----------------------------------------------------------------------
B-1417                 35-45        10/3.0         0.050          1.72
                     115-130        15/4.5         0.040          1.36
                     200-310      110/33.5         0.014          0.46
                     335-385       50/15.2         0.012          0.40
                     405-450       45/13.7         0.010          0.35

On the section containing B-1416 and B-1417 the main mineralized zone is approximately 210 feet (64.0 metres) wide, 350 feet (106 metres) thick, and lies immediately below the surface. RC drilling continues on adjacent sections, targeting two inclined holes per section, to further define this portion of the historic resource area(i) and determine the strike length of this main mineralized zone.

The results reported above corroborate our interpretation that there is a high-grade interior zone within the historic resource area(i) surrounded by a lower grade halo that has not been fully defined or adequately tested by historic drilling. The entire main mineralized zone lies at very shallow depth below the surface, making it readily amenable to open pit mining. Many historic drill holes went beneath the main mineralized zone and failed to intersect this shallow zone. With ongoing drilling of this exciting mineralized zone we continue to advance our understanding of the host geology and the distribution of gold at Bruner, which should allow us to quantify the historic resource(i) under NI 43-101 standards for reporting purposes after sufficient drilling has been completed.

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 1 kilogram of sample and pulverizing this split to 85% passing -75 microns in size. From the1 kilogram pulp 30 grams is split out for fusion and fire assay with an AA finish. If results return greater than 3 g/tonne Au another 30 gram split is re-run by fusion and fire assay with a 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.

(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.

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 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...
Cloud analytics is dramatically altering business intelligence. Some businesses will capitalize on these promising new technologies and gain key insights that’ll help them gain competitive advantage. And others won’t. Whether you’re a business leader, an IT manager, or an analyst, we want to help you and the people you need to influence with a free copy of “Cloud Analytics for Dummies,” the essential guide to this explosive new space for business intelligence.
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, provided tips on how to be successful in large scale machine learning...
Early adopters of IoT viewed it mainly as a different term for machine-to-machine connectivity or M2M. This is understandable since a prerequisite for any IoT solution is the ability to collect and aggregate device data, which is most often presented in a dashboard. The problem is that viewing data in a dashboard requires a human to interpret the results and take manual action, which doesn’t scale to the needs of IoT.
What does it look like when you have access to cloud infrastructure and platform under the same roof? Let’s talk about the different layers of Technology as a Service: who cares, what runs where, and how does it all fit together. In his session at 18th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, an IBM company, spoke about the picture being painted by IBM Cloud and how the tools being crafted can help fill the gaps in your IT infrastructure.
"C2M is our digital transformation and IoT platform. We've had C2M on the market for almost three years now and it has a comprehensive set of functionalities that it brings to the market," explained Mahesh Ramu, Vice President, IoT Strategy and Operations at Plasma, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Traditional IT, great for stable systems of record, is struggling to cope with newer, agile systems of engagement requirements coming straight from the business. In his session at 18th Cloud Expo, William Morrish, General Manager of Product Sales at Interoute, outlined ways of exploiting new architectures to enable both systems and building them to support your existing platforms, with an eye for the future. Technologies such as Docker and the hyper-convergence of computing, networking and sto...
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.
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...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
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, ...
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 ...
Much of IT terminology is often misused and misapplied. Modernization and transformation are two such terms. They are often used interchangeably even though they mean different things and have very different connotations. Indeed, it is somewhat safe to assume that in IT any transformative effort is likely to also have a modernizing effect, and thus, we can see these as levels of improvement efforts. However, many businesses are being led to believe if they don’t transform now they risk becoming ...