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Announces Acquisition of Historical Data on Silverton Gold Property, Options Grant and Resignation of a Director
(via TheNewswire) Vancouver, British Columbia / TheNewswire / December 8th, 2017 - ...
About this update from Canamex Gold Corp
[{"type":"text","content":"Announces Acquisition of Historical Data on Silverton Gold Property, Options Grant and Resignation of a Director(via TheNewswire)\n \n \nVancouver, British Columbia / TheNewswire / December 8th, 2017 - Canamex Gold Corp. (the \"Company\") (TSX-V: CSQ) (OTCBB: CNMXF) (FSE: CX6) announces that it has purchased and secured all of the historical exploration data generated since the early 1980s on the Silverton Gold Property in Nevada.\n\n\n \nSilverton Gold Property Exploration Data\n\n\n \nThe historical exploration data includes rock geochemical data, drill hole logs and assay certificates, geologic and geochemical maps, and RC drill cutting samples from the majority of the 65 holes drilled previously on the property. This data will allow the Company to refine its exploration model for testing gold in silicified and dolomitized carbonates on the property, which remain largely untested to date. Field examination of the main western exploration target indicates the target is over 2000 feet long by 500 feet wide, as defined by silicified and brecciated dolomite and gold in surface rock samples, and is exposed across a thickness of about 200 feet in cliff faces below the top of the ridge. No drill holes penetrate this target area, but historic holes drilled peripheral to it demonstrate the presence of gold in the subsurface adjacent to the target area. This is only one of several targets in silicified and dolomitized limestone that were never tested with drill holes previously.\n\n\n \nBruner PEA Update\n\n\n \nThe updated PEA on the Bruner gold project located in Nye County, Nevada is nearing completion. The Company anticipates being able to announce the results of the updated resources and PEA in the coming weeks, with the NI43-101 Technical Report to follow within 45 days following its announcement.\n\n\n \nBruner Water Well\n\n\n \nThe Company has engaged Harris Exploration Drilling to drill a water well on the access road into the Bruner gold property where the Company has obtained a water right for up to 350 gallons per minute (gpm) water for drilling fluid and future mineral processing. Harris has started moving equipment to site and drilling is anticipated to begin next week. The Nevada Division of Water Resources as extended the water right application through December 2018 to allow for completion of this well.\n\n\n \nOther ...