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    Carmax Provides Resource Estimate on Eaglehead Project

    Investing News Network
    May. 16, 2012 08:41AM PST
    Industrial Metals Investing

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

    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.

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