New Oxide-Gold Discovery in Northern Arizona, USA
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Stock Code:
TSX-V: CANX
Company Exposure:
Gold, Silver
Project Location:
USA
CANEX Metals Inc. is a Canadian Junior Exploration Company with an experienced exploration team that is focused on identifying, acquiring, and developing high potential North American exploration projects in a timely, responsible, and cost-effective manner.
CANEX is focused on advancing new gold discoveries at the Gold Range Project in Arizona, where high-grade gold veins have been identified at surface over a 5km by 3km area.
Investment Highlights
- Exploring for oxide gold in an emerging bulk tonnage district in Northern Arizona, USA
- Experienced Management with proven track record in discovery
- Stable top-tier mining jurisdiction: The 2nd largest metal producer in the United States
- Widespread gold mineralization identified at surface over a 5 X 3km region that has seen no modern day exploration
- Large 3km bulk tonnage gold trend identified and mapped on Canex’s Gold Range Property
- New Discovery: Excelsior Zone: high-grade oxide-gold, Eldorado & Malco: oxide-gold
- Drill Highlights Include:
• Hole GR21-57: 1 g/t Au over 59.5m including 1.4 g/t Au over 34m
• Hole GR21-37: 2.2 g/t Au over 24.4m within 1.6 g/t over 35.1m
• Hole GR21-25: 1.3 g/t Au over 21.3m
• Hole GR21-36: 1.1 g/t Au over 19.8m
• Hole GR21-31: 0.7 g/t Au over 16.8m within 0.3 g/t over 62.5m
• Hole GR20-9: 0.9 g/t Au over 27.4m within 0.2 g/t over 164.6m - A 50 hole RC drill program is now underway – Assays are pending
- Strong shareholder base, Altius Minerals (TSX: ALS) lead investor at 9.4%
