High-grade, Near-surface Gold Resource in Nevada
Canamex Gold Corp. (TSXV:CSQ; OTCQX:CNMXF; FSE:CX6) is engaged in fast-tracking toward production at the Bruner Gold Project in the prolific gold jurisdiction of Nye County, Nevada. The region is home to several producing and past-producing mines along the Walker Lane Trend. The Bruner Gold Property is surrounded by multi-million-ounce gold deposits, including Paradise Peak, Round Mountain, and Rawhide.
- Great location: Nevada is the largest gold producing jurisdiction in the Americas and is responsible for 75 percent of gold production in the United States.
- Major structural intersection surrounded by multi-million-ounce deposits.
- Among the highest grade drill intercepts in Nevada and excellent metallurgy with gold extractions of approximately 90 percent.
- Maiden NI 43-101 technical report and mineral resource estimate completed.
- Significant untapped exploration potential with 80 percent unexplored.
- Completed positive PEA in 2016; moving toward feasibility.
- Focused both on drilling and permitting as avenues toward value creation.
- Potential for shortened permitting process and low cost near surface operation.
- Insiders control approximately 22 percent of the shares. Management and board members are significant shareholders with 10.3 percent of common shares. Canamex’s largest shareholder, Hecla Mining (NYSE:HL), has 11 percent of shares.
- Hecla’s Chief Exploration Geologist on Canamex’s Technical Advisory Team.
- Has purchased Patriot Gold’s 30-per-cent working interest in the Bruner gold/silver mine for $1-million (U.S.) cash.