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Canex Intersects 1.0 g/t Gold Over 48.8 Metres Including 9.7 g/t Gold Over 1.52 Metres at Gold Range Project, Arizona
CALGARY, AB / ACCESSWIRE / June 27, 2022 / CANEX Metals Inc. ("CANEX" or the "Company") is p...
About this update from Altius Minerals Corporation
[{"type":"text","content":"Canex Intersects 1.0 g/t Gold Over 48.8 Metres Including 9.7 g/t Gold Over 1.52 Metres at Gold Range Project, ArizonaCALGARY, AB / ACCESSWIRE / June 27, 2022 / CANEX Metals Inc. (\"CANEX\" or the \"Company\") is pleased to announce the results from 7 reverse circulation drill holes from the Excelsior Zone at the Gold Range Project located in northern Arizona. Six of the 7 drill holes have returned multiple gold mineralized intercepts and continue to expand the potential of the Gold Range project.HighlightsMultiple drill holes have intersected wide zones of oxide gold mineralization close to surface.Hole GR21-82 intersected 1.0 g/t gold over 48.8 metres from surface including a high-grade intercept returning 9.7 g/t gold over 1.5 metres.Hole GR21-83 intersected 0.9 g/t gold over 44.2 metres from 35.1 metres depth including 2.7 g/t gold over 10.7 metres.Hole GR21-84 intersected 3 separate mineralized horizons including 1.0 g/t gold over 10.7 metres beginning at surface, 0.9 g/t gold over 4.6 metres and 0.9 g/t gold over 7.6 metres.Hole GR21-85 intersected 2.4 g/t gold over 9.2 metres from 13.7 metres depth, including a high-grade intercept returning 9.0 g/t gold over 1.5 metres.Assay results for 19 drill holes are pending and drilling is in progress on the property.Assay results for drill holes GR22-79 to 85, all from the Excelsior zone, have been received and are presented here. Hole GR22-79 was oriented away from the mineralized zone and did not intersect significant mineralization. A drill hole location map is shown on Figure 1, and a NW-SE cross section through Excelsior showing holes GR22-82 to 84 is shown on Figure 2. The results for holes GR22-80 to 85 are shown in the table below.These Excelsior holes were focused on defining and extending results from hole GR21-57 which contains the longest continuous zone of mineralization encountered on the Gold Range property to date, intersecting 1.0 g/t gold over 59.45 metres starting from surface including 1.4 g/t gold over 32 metres (previously released see December 16, 2021 news release).Hole GR22-82 was mineralized from the start of the hole to 48.78 metres depth returning 1.0 g/t gold over 48.8 metres, including a high-grade zone that returned 9.7 g/t gold over 1.52 metres. Hole GR22-83 was drilled from the same pad as hole 82 but at a steeper angle and intersected 4 mineralized...