Final Drill Results From Gold Range Project
Canex Metals Inc. (TSXV:CANX) has received assay results for the final thee drill holes from the company’s winter 2021 reverse circulation drilling programme at the Gold Range Project, Arizona.
Highlights
- Hole GR21-46 from the historic Excelsior Mine returned 2.2 g/t gold over 18.3 metres, including 3.4 g/t gold over 10.7 metres.
- Holes GR21-47 returned 1.2 g/t gold over 15.2 metres, including 6.4 g/t gold over 2.5 metres.
The mineralised zone encountered in holes GR21-46 and 47 starts at surface, has been traced to 50 metres depth, and remains open for expansion at depth and along strike.
A field programme is underway at Gold Range consisting of geologic mapping, soil sampling, and drill pad construction in preparation for a third drill program on the property.
Results for reverse circulation drill holes GR21-46 to 48 from the Company’s 2021 drilling programme at the Gold Range project have been received and are presented here.
- Holes GR21-46 to 48 all tested the middle portion of the Excelsior area and all holes returned strong mineralisation
- Hole GR21-46 intersected 2.2 g/t gold over 18.3 metres starting at 16.8 metres depth, including 3.4 g/t gold over 10.7 metres starting at 19.8 metres depth. This includes two high grade gold intervals of 8.2 g/t over 1.5 metres and 5.1 g/t over 1.5 metres. Hole GR21-47 intersected 1.2 g/t gold over 15.2 metres starting at 7.6 meters depth, including 6.4 g/t gold over 2.5 metres.
“The Excelsior zone continues to return very strong gold results and is showing excellent potential to host a substantial near surface gold deposit,” Dr Shane Ebert, President of the company said.
“Canex has now completed 48 drill holes on the Gold Range property and has identified a new mineralised trend that is 3 kilometres long and potentially composed of multiple flat to moderately dipping mineralised zones showing substantial width potential.
“Within this trend the company has intersected significant widths of oxidised and mineralised material exceeding 1.0 g/t gold, with zones locally exceeding 2 g/t gold.
“The large size potential and strong grades provide a compelling exploration target which the company plans to aggressively advance.”
A field programme is currently underway at Gold Range including additional geologic mapping, up to 700 soil samples, and construction of drill pads in preparation for the next drilling programme which could start later this month. Details of the next round of drilling at Gold Range are being finalised and will be announced shortly.
For further information please visit: https://canexmetals.ca/
