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Canamex Drills 18.3 meters (16.5 meters true width) of 5.88 gpt Au and 25.1 gpt Ag, including 7.6 meters (6.85 meters true width) of 13.1 gpt Au and 51 gpt Ag at Bruner Project, Nye County, Nevada
VANCOUVER, BC / ACCESSWIRE / January 17, 2017 / Canamex Resources Corp. (TSXV: CSQ ) (OTCBB...
About this update from Canamex Gold Corp
[{"type":"text","content":"Canamex Drills 18.3 meters (16.5 meters true width) of 5.88 gpt Au and 25.1 gpt Ag, including 7.6 meters (6.85 meters true width) of 13.1 gpt Au and 51 gpt Ag at Bruner Project, Nye County, NevadaVANCOUVER, BC / ACCESSWIRE / January 17, 2017 / Canamex Resources Corp. (TSXV: CSQ) (OTCBB: CNMXF) (FSE: CX6) (\"Canamex\") is pleased to provide assay results from the fall drilling campaign at the Bruner gold project in Nye County, Nevada.\nThe Company completed 23 holes focused on in-fill drilling at the Paymaster resource area. Twenty of the 23 holes intersected gold above the cut-off grade referenced in the PEA for the project. Hole B1608 intersected 18.3 meters (16.5 meters true width) of 5.88 gpt (grams per tonne) Au and 25.1 gpt Ag, including a core high-grade zone 7.6 meters wide (6.85 meters true width) of 13.1 gpt Au and 51 gpt Ag. The higher grade intercepts correspond to silicified and quartz-veined rocks. Results are summarized in the table below. True thicknesses range from 75% to 100% of reported thicknesses, depending upon the inclination of the various drill holes. Individual true widths of each of the drill hole intercepts announced herein remain to be determined based upon detailed analysis of each drill section.\nNumerous individual assay intervals above 7 gpt Au were encountered, leading management to believe that the capping grade of 7 gm/tonne (gpt) Au which was applied to the resource estimation at the Paymaster zone in the PEA can be lifted, or at least raised to something closer to 12-15 gpt Au. The capping grade was applied in the resource estimate because a significant number of the previous Paymaster database assays above 7 gpt Au came from historically collected underground channel samples which were not statistically represented in the drill hole data base at the time of the resource estimate. The increased drill density in the area surrounding the old workings provides sufficient drill hole assay data to reconsider the application of a capping grade in future resource estimations. Roughly half of the ounces estimated in the Paymaster resource area are not included in the NI43-101 resource estimate as a result of the grade capping applied.\nThe Company has also completed three groundwater test holes to a depth of 500 feet each in the proposed leach pad area on patented claims. No groundwater was encounter...