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Canamex Ideally Positioned for Major Gold Discovery in Guyana - Mining Journal Review
Jul. 22, 2011 (Baystreet.ca) -- Mining MarketWatch Journal has published a review of Canamex...
About this update from Canamex Gold Corp
[{"type":"text","content":"\nCanamex Ideally Positioned for Major Gold Discovery in Guyana - Mining Journal Review\n\n Jul. 22, 2011 (Baystreet.ca) -- Mining MarketWatch Journal has published a review of Canamex Resources Corp. (TSX VENTURE: CSQ) (Pink Sheets: CNMXF) (Frankfurt: CX6) offering insight and opportunity afforded investors as CSQ.V is positioned for major gold discovery in Guyana, South America. Additionally, CSQ.V is advancing its Bruner Gold Project in Nevada where its large tonnage gold project with an historic resource estimate of 383,000 oz Gold possesses similarities to Kinross and Barrick's nearby multi-million oz Round Mountain Mine. The full Journal review may be found at http://miningmarketwatch.net/csq.htm online. Canamex's two fronts:1) Aranka North gold project in Guyana South America (100% interest to earn): Canamex has locked up some of the best/most highly prospective gold bearing land in Guyana and is ripe for major gold discovery. Canamex's Aranka North gold project lies to the northeast of major gold discoveries by Guyana Goldfields at Aurora and Sulfur Rose, and its reported new discovery at Aranka, all of which lie along a northeast trend. The Aranka North land package lies further to the northeast along this well-mineralized and highly prospective gold trend responsible for >70% of all gold discovered in Guyana to date. There are active alluvial mining operations within the CSQ.V land package along the Waini River system and geological indicators dictate the source of the alluvial gold is in the outcropping and shallow bedrock at the headwaters of the gold-bearing alluvial drainages within Canamex's land package. 2) Bruner Gold Project in Nevada (75% interest to earn) is a large tonnage gold project similar to Kinross & Barrick's nearby Round Mountain Mine. When developed a Round Mountain style open pit bulk mining heap leach deposit can offer consistent low cost gold extraction for decades; utilizing heap leaching Round Mountain has produced over ten million ounces of gold over a 20 year period and the deposit continues to expand. Recent drilling and hydrometallurgical testing on Canamex's Bruner deposit affirms the belief that with continued success there exists the potential to conceivably emulate Round Mountain. The recent exploration efforts by Canamex on Bruner are part of a process of bringing current the historic ...