Carmax Mining Corp. (TSXV:CXM) announced it has received an initial resource estimate on the British Columbia-based Eaglehead copper-moly project.

As quoted in the press release:

The Inferred Mineral Resource estimate totals 102.5 million tonnes at an average grade of 0.29% Cu, 0.010% Mo, 1.9 g/t Ag, and 0.08 g/t Au. The resources were estimated at a cut-off grade of 0.16% CuEq, and contain approximately 662 million pounds copper, 22 million pounds molybdenum, 6.3 million ounces silver, and 265,000 ounces gold.

Click here for the Carmax Mining Corp. (TSXV:CXM) press release.