Carmax Mining Expands East Zone at Eaglehead Project

Carmax Mining (TSXV:CXM) announced drill results from the latest two drill holes from its 2014 program at the Eaglehead project in northwest British Columbia.

As quoted in the press release:

• Diamond drill hole (DDH)0123 intersected 0.19% copper, 0.003% molybdenum, 0.07g/t gold and 0.90g/t silver (0.27% copper equivalent) over a core interval of 183.3m that included 0.60% copper, 0.005% molybdenum, 0.11g/t gold and 3.33g/t silver (0.74% copper equivalent) over a core interval of 24m commencing at a core depth of 124m,
• DDH124 intersected 0.38% copper, 0.003% molybdenum, 0.01g/t gold and 0.88g/t silver (0.41% copper equivalent) over an interval of 78m starting at a core depth of 424m,
• The 2014 drilling has demonstrated the continuity of the copper mineralization between the two areas of mineralization referred to as the East and Bornite zone,
• The 2014 drilling program intersected copper mineralization on both sides of the chargeability signature from the Quantec Titan-24 DCIP geophysical survey (see Carmax news release dated September 2, 2014). The center of the chargeability signature was not tested by the 2014 drilling, and
• Historical drilling over approximately 3,000m strike length indicates the presence of copper mineralization in the center of the chargeability signature defined in 2014.

Carmax president, Jevin Werbes, said:

We are very pleased that DDH0124 has demonstrated the continuity of the copper mineralization between the East zone and the Bornite zone as well as intersecting significant copper mineralization associated with the southern edge of the chargeability signature in this area of the deposit. The 2014 drilling results support our interpretation that we are exploring a single, large porphyry system based on the positive correlation of the 4,500m long chargeability signature outlined in 2014 with the copper mineralization reported in the current and historical core logs. The potential size of the mineralized zone combined with the different metal associations identified to date indicates that a considerable amount of exploration is warranted.

Click here to read the Carmax Mining (TSXV:CXM) press release