CANEX Metals Signs Letter of Intent to Acquire High Grade Gold Silver Prospect from Altius Resources Inc.

CANEX Metals Inc. (“CANEX” or the “Company” formerly Northern Abitibi Mining Corp.) (TSXV:CANX) announces it has signed a Letter of Intent to acquire a 100% interest in the Gibson Prospect from Altius Resources Inc. (“Altius”), a wholly held subsidiary of Altius Minerals Corp (TSX:ALS). The Gibson prospect is 887 Ha in size and located in central British Columbia, approximately 95 kilometres northwest of Fort St. James. The area is accessible via a network of all weather logging roads.
As quoted in the press release:

Dr Shane Ebert, President of the company, commented, “Gibson is a well defined exploration target that shows strong grades, good size potential, and remains open in all directions. Good access to the area has recently been established by new logging developments, providing an excellent opportunity for CANEX to evaluate the potential of the target and understand the controls on mineralization through low cost trenching and surface work. We are excited to be partnering with Altius Resources and look forward to having them as a significant shareholder of the Company. Altius will have the right to participate in our future financings, and having access to the technical and potential financial support of such a dynamic and global exploration group will be a significant benefit to the Company.”

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