Canamex Commences Fall Drilling Program at Bruner Gold Project, Nevada

- October 31st, 2016

Vancouver, BC / TheNewswire / October 26 2015 – Canamex Resources Corp. the “Company” (TSXV:CSQ)(OTCQX: CNMXF) (FSE: CX6) is pleased to announce the commencement of a fall drilling program at the Bruner gold project, Nye County, Nevada.

Vancouver, BC / TheNewswire / October 26 2015 – Canamex Resources Corp.  the “Company”  (TSXV:CSQ)(OTCQX: CNMXF) (FSE: CX6) is pleased to announce the commencement of a fall drilling program at the Bruner gold project, Nye County, Nevada.
Canamex has contracted with New Frontier Drilling out of Fallon, Nevada to commence a fall reverse circulation (“RC”) drilling program at the Paymaster resource area for a minimum of 3000 feet (915 metres) within the Bruner gold project.  Drilling completed late in 2014 identified high-grade mineralization beneath the southern portion of Paymaster hill, averaging 12 metres at 8.75 grams per tonne (39.4 feet at 0.255 ounces per ton) gold in three of the last four holes. These 2014 intercepts remained open to the north and beneath the northern half of Paymaster hill.  Old project reports indicated shallow air-track drilling by Glamis Gold in the early 1980s intersected grades of 0.01-0.4 ounces per ton (0.34-13.7 grams per tonne) gold in holes 50-70 feet (15-21 metres) deep. The high-grade identified in the company’s 2014 drilling program lies at an average depth of over 100 feet (30.5 metres). The old Glamis Gold drill holes appear to have been cut short of the target as we now perceive it.
Drilling on the project will continue as results, weather, and funding allow.  Roadwork is being completed to re-access the base of the largest silica-adularia alteration spire at the north end of the HRA resource area, which has never been drilled. Drilling in 2014 demonstrated that high-grade gold in the HRA resource area is associated with the base and margins of prominent silica-adularia alteration spires.
Drill samples on 5-ft (1.5 metre) intervals will be submitted via strict chain of custody to ALS Minerals Laboratory in Sparks, Nevada for sample preparation and analyses. Assay turnaround is expected to be 14 business days.
Coarse reject samples from the 2014 drilling program at Paymaster have been composited into generally 20-ft. (6.1 m) intervals and submitted to Kappes Cassidy & Associates metallurgical laboratory in Reno, Nevada for cyanide bottle roll tests.  The objective of the tests is to determine the total cyanide solubility of gold and silver at the Paymaster project for grade ranges of <0.01 to +1.0 ounces per ton (<0.3 to +34 grams per tonne) gold content.  Results from this program will guide further metallurgical testing and gold and silver extractions to be used in the Preliminary Economic Assessment when it is commissioned.

Leave a Reply