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Canamex Drilling Intersects 4.6 Metres (`1.6 Metres True Width) Grading 11.1 g/tonne Au within 19.8 Metres (6.7 Metres True Width) Grading 3.24 g/tonne Au at Penelas Mine Zone at Bruner Gold Project, Nevada
(via Thenewswire.ca) Canamex Resources Corp. / TNW-ACCESSWIRE / July 21, 2014 / the "C...
About this update from Canamex Gold Corp
[{"type":"text","content":"Canamex Drilling Intersects 4.6 Metres (`1.6 Metres True Width) Grading 11.1 g/tonne Au within 19.8 Metres (6.7 Metres True Width) Grading 3.24 g/tonne Au at Penelas Mine Zone at Bruner Gold Project, Nevada(via Thenewswire.ca)\n \n \nCanamex Resources Corp. / TNW-ACCESSWIRE / July 21, 2014 / the \"Company\") (TSX-V: CSQ) (OTCQX: CNMXF) (FSE: CX6) is very pleased to announce ongoing results from reverse circulation drilling at the Bruner Gold Project located in Nye County, Nevada. \n\n\n \nRC Hole B-1430\n\n\n \nReverse circulation drill hole B-1430, drilled into the old Penelas Mine Zone, located roughly half-way between the historic resource area* and the new discovery area at Penelas East, intersected 4.6 metres (15 feet) grading 11.1 g/tonne Au (0.324 oz/ton Au) with a wider zone of 19.8 metres (65 feet) grading 3.24 g/tonne au (0.095 opt Au). As the drilling cut the Penelas Vein structure visible gold was observed in the cuttings during the drilling and visible gold was panned from the drill cuttings reject stream. (see photo of pan concentrate of VG posted to the Canamex web site). Metallic screen assays are in progress to test the accuracy of the fire assay data reported here.\n\n\n \nThis is the first drill hole to intersect the plane of the Penelas Vein structure at the depths where it was mined historically. The Penelas Vein structure was the focus of historic mining between 1929 and 1941, which produced roughly 100,000 tons of material grading 0.34 oz/ton Au and 2.5 oz/ton Ag. This material was processed in a small 50 ton per day agitation leach cyanidation circuit. Sampling by Canamex of remaining tailings suggests calculated extractions of 95% for gold and 60% for silver for the historic production. \n\n\n \nTwo additional holes were drilled into the Penelas Vein structure at similar depths (B-1433 and B-1434). Drill hole B-1433 also intersected the vein from 720-735 feet and samples from this intercept are currently in the laboratory for analyses. Drill hole B-1434 unfortunately penetrated old workings where the vein was projected, indicating the high-grade intercept in that location had already been mined. Further drilling on the vein will be planned once all of the data are in and evaluated in the context of permitted access.\n\n\n \nMineralized intercept in hole B-1430 is reported in the table below:\n\n \n\nHole...