The Conversation (0)
Carmax Mining Corp. (TSXV:CXM) provided highlights from drilling at its wholly owned Eaglehead copper-gold-molybdenum-silver project. The property is located in Northwest British Columbia.
Carmax Mining Corp. (TSXV:CXM) provided highlights from drilling at its wholly owned Eaglehead copper-gold-molybdenum-silver project. The property is located in Northwest British Columbia.
Highlights include:
- Diamond drill hole DDH 0121 with a core length of 551.08m intersected bornite-chalcopyrite-molybdenite mineralization over the core interval of 29.87m to 551.08m. The diamond drill hole ended in chalcopyrite-bornite +/- molybdenite mineralization and the mineralization is open at depth,
- DDH 0122 intersected chalcopyrite+/-bornite +/- molybdenite mineralization over the core interval 9.01m to 441.96m. The diamond drill hole ended in chalcopyrite-molybdenite mineralization and the mineralization is open at depth,
- DDH 0123 intersected chalcopyrite+/-bornite +/- molybdenite mineralization over the core interval 51.57m to 621.18m. The diamond drill hole ended in chalcopyrite mineralization and the mineralization is open at depth,
- The Quantec Titan-24 chargeability signature show a strong positive correlation to the visual observation of copper and molybdenite mineralization in the 2014 drill holes in line with the correlation between the chargeability signature and the presence of copper mineralization reported in the historical holes, and
- The first of the analytical results for the 2014 drill holes is expected towards the end of September-early October and will reported on when reviewed and compiled.
Carmax’s president and CEO, Jevin Werbes, said:
I am pleased with the progress to date on the Eaglehead. It appears that the historical and current drilling results demonstrate that the > 10mRad chargeability signature from the Titan-24 survey is reflecting the presence of copper-molybdenite mineralization. A significant portion of the signature remains untested thereby having significant implications on the potential size of the mineralized target at Eaglehead. The recently completed drill holes have extended the mineralization deeper and further to the east than the previous drill holes in the Eaglehead deposit. The analytical results for the core samples from these drill holes will be required before any assessment of the significance of the reported mineralization can be completed.
Click here to read the Carmax Mining Corp. (TSXV:CXM) press release. 