Advancing a Gold Discovery in Nevada
Canamex Resources Corp. (Canada: TSX.V:CSQ) (US: OTCQX:CNMXF) (Frankfurt: FSE:CX6) is focused on its flagship gold exploration project: Bruner Gold project, Nye County, Nevada. Canamex’s two largest shareholders are strategic investors Gold Resource Corporation (NYSE MKT:GORO) and Hecla Mining Company (NYSE:HL).
Location: The Bruner Gold project is located in the Walker Lane District in central Nevada about 45 miles northwest of the Round Mountain Mine which has produced over 10 million ounces of gold over a 30 year period. Historic production at Bruner includes approximately 100,000 ounces of gold at an average grade of 0.56 ounces per ton (19.2 grams per tonne).
2014 Drilling Program: The 2014 approximately 10,000 metre (32,800 feet) drilling program is designed to follow-up on the exciting drill intercepts encountered in 2012 and 2013 at both the Penelas East discovery area and the historic resource area. The drilling program includes 1,000 metres (3,280 feet) of core drilling and 9,000 metres (29,500 feet) of reverse circulation (RC) drilling.
Penelas East Discovery Area: Drilling will focus on testing the prominent VLF-EM current density and coincident gold-in-soil anomalies that are similar, and appear to be extensions of, the prominent VLF-EM current density anomaly that is coincident with the 38 gold-bearing drill hole intercepts completed in 2012-2103. These intercepts included discovery drill hole B-1201 which intersected 110 metres (360 feet) grading 4.08 gpt (0.119 opt), including 1.64 metres of 132.5 gpt (5 feet grading 3.864 opt) gold.
Historic Resource Area: . Core drilling will start with an offset of the last RC hole drilled in 2013, B-1340, which penetrated the interpreted “feeder zone” of the historic resource area and intersected 57.9 metres of 5.23 gpt gold (190 feet at 0.155 opt gold), before losing circulation in a fracture zone while still in mineralized material.