Canamex Announces Completion of NI 43-101 Compliant Technical Report on the Aranka North Gold Project, Guyana

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[{"type":"text","content":"Canamex Announces Completion of NI 43-101 Compliant Technical Report on the Aranka North Gold Project, Guyana(via Thenewswire.ca)\n \n \nVancouver, BC / TNW-ACCESSWIRE / October 29, 2014 / Canamex Resources Corp. (the \"Company\") (TSX-V: CSQ) (OTCQX: CNMXF) (FSE: CX6) is pleased to announce the completion of a National Instrument 43-101 Technical Report (the \"NI43-101 Report\") on its 100% owned Aranka North Gold Project, Guyana. The NI43-101 Report has been filed on SEDAR (www.sedar.com).\n\n \n \nAranka North Gold Project\n\n \n \nProperty Description\n\n \n \nLocated approximately 140 kilometers northwest of Guyana's capital, Georgetown, the Aranka North Property consists of 98,057 acres (approximately 400 square kilometers) in a region on trend with major gold discoveries by Guyana Goldfields at Aurora and Sulphur Rose/Aranka and Sandspring Resources at Toroparu. There are recently active alluvial gold mining operations within Canamex's land package. \n\n \n \nProperty Exploration\n\n \n \nCanamex purchased airborne geophysical data over the entire Aranka North Property when the property was acquired from GMV Minerals. Initial interpretive work (announced September 13, 2011) on the data identified 15 large, discrete anomalies, all of which have dimensions of two to four kilometers long and one to three kilometers wide, within large shear zones which bear similarities to the shear zones that host some of the major multi-million ounce gold deposits in Guyana (Toroparu, Aurora, Omai) and adjacent Suriname (Rosebel). These identified areas of interest cover 200-225 square kilometers of the 400 square kilometer property, thus reducing the size of the initial area of interest by approximately 50%.\n\n \n \nReconnaissance\n\n \n \nThe Company subsequently undertook an initial stream sediment sampling program from a total of 85 sample sites to evaluate the gold signatures of the 15 airborne geophysical anomalies. This step was also a high level approach, with a density of roughly one sample per 2.5 square kilometers, covering the entire 200-225 square kilometer area of interest. On January 17, 2012, the Company reported that four discrete anomalous areas, ranging in size from 10 to 25 square kilometers, were identified by the initial stream sediment sampling program. Gold values ranged up to 647 ppb (0.647 gpt). These results set ...

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