Carmax Mining Drills 0.47 Percent Copper Eq Over 70.2 Meters at Eaglehead

- December 7th, 2015

Carmax Mining (TSXV:CXM) announced additional analytical results from its drilling and sampling program at its Eaglehead copper-gold-molybdenum-silver project in British Columbia. Highlights included an intercept of 0.47 percent copper equivalent over 70.2 meters.

Carmax Mining (TSXV:CXM) announced additional analytical results from its drilling and sampling program at its Eaglehead copper-gold-molybdenum-silver project in British Columbia. Highlights included an intercept of 0.47 percent copper equivalent over 70.2 meters.
As quoted in the press release:

  • Significant copper mineralization has been outlined over a 1,000m strike length of the Pass zone;
  • The surface mineralization in the Pass zone is Cu-dominated which overlies Cu-Mo-Au mineralization at depth;
  • The 2015 diamond drilling and the sampling of historical drill holes have intersected or outlined multiple broad intervals of copper mineralization;
  • Diamond drill hole DDH0126 intersected 0.14% copper, 0.010% molybdenum, 0.03 g/t gold and 0.70 g/t silver over a core interval of 162 m, starting at a core length of 234.0 m;
  • Re-assayed core from DDH035 yielded 0.45% copper, 0.003% molybdenum, and 1.19 g/t silver over an interval of 70.42 m starting at a downhole depth of 11.58 m; and
  • Several phases of the Eaglehead intrusive exhibit strong “Adakite” affinities typical of large porphyry copper deposits.

Carmax President Jervin Werbes said:

We are pleased with the results of the 2015 program on the Pass zone. On a project scale, the data suggests a crude metal zonation from Cu-Mo in the East zone to Cu-Au in the Bornite zone to Cu in the Pass Zone over a horizontal distance of approximately 3.5 kilometers. The near surface mineralization is Cu-dominated which overlies Cu-Mo-Au mineralization at depth. Major and trace element modelling suggests that Eaglehead is a multi-intrusive complex with several of the intrusive phases exhibiting an “Adakite” signature typical of large porphyry copper systems. This supports our interpretation of a large multiphase porphyry model for the Eaglehead property.

Click here for the full press release.

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