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Canamex Commissions An Updated Mineral Resource and New Preliminary Economic Assessment for the Bruner Gold Project, Nye County, Nevada
(via TheNewswire) Vancouver, British Columbia / TheNewswire / September 21, 2017 - Canamex...
About this update from Canamex Gold Corp
[{"type":"text","content":"Canamex Commissions An Updated Mineral Resource and New Preliminary Economic Assessment for the Bruner Gold Project, Nye County, Nevada(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / September 21, 2017 - Canamex Resources Corp. (\"Canamex\") (TSX-V: CSQ) (OTCBB: CNMXF) (FSE: CX6) is pleased to announce it has commissioned an Updated Mineral Resource and new Preliminary Economic Assessment on its 100%-owned Bruner gold project in Nye County, Nevada. \n\n\n \nUpdated Preliminary Economic Assessment\n\n\n \nThe Company is commissioning a new Mineral Resource and updated Preliminary Economic Assessment with Welsh Hagen Associates, who completed the 2016 Preliminary Economic Assessment (\"PEA\"). Welsh Hagen Associates is a small engineering firm comprised of a group of seasoned mining professionals, all of whom have decades of mine-related experience in their own fields of expertise. The new resource and updated PEA will be based upon the addition of the successful drilling campaigns completed in late 2016 and mid-2017, where the majority of holes drilled intersected gold (and silver) bearing material as reported by the Company previously, and above the cut-off grades over mineable widths as referenced in the 2016 PEA announced on March 3, 2016 and amended in September 2016 Management's expectation of the new PEA is an increase in total in-pit resources and an improvement in project economics through the processing of more gold in resource and the conversion to resources of material currently carried as internal pit waste in the PEA. See the link below for the location of the intercepts relative to the resource boundaries and final pit design presented in the PEA. (http://canamex.us/images/Penelas_pit_and_resource_boundary_with_new_drill_intercepts.pdf).\n\n\n \nThe results of the new resource and updated PEA are expected before year-end 2017, with a Technical Report to follow within 45 days.\n\n\n \nPenelas Resource Area Update\n\n\n \nEight new drill holes, drilled to extensions of the gold zones between two preliminary sub-pits of the current Penelas resource area intersected gold across significant widths above the cut-off grade referenced in the Company's PEA. The best intercept is in hole B-1708 and contains 200 feet (61 metres) from 615-815 feet (187.5-248.5 metres) of 1.224 gpt Au and 8.38 gpt Ag (1.287 g...