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Canamex Resources: Commencement of Fall Drilling Program at Bruner Project, Nye County, Nevada
VANCOUVER, BC / ACCESSWIRE / October 31, 2016 / Canamex Resources Corp. (TSXV: CSQ) (OTCQX:...
About this update from Canamex Gold Corp
[{"type":"text","content":"Canamex Resources: Commencement of Fall Drilling Program at Bruner Project, Nye County, NevadaVANCOUVER, BC / ACCESSWIRE / October 31, 2016 / Canamex Resources Corp. (TSXV: CSQ) (OTCQX: CNMXF) (FSE: CX6) (\"Canamex\"), is pleased to announce it has commenced a fall drilling campaign at the Bruner gold project in Nye County, Nevada.\nThe drilling campaign will focus on in-fill drilling at the Paymaster resource area to provide sufficient drill data to elevate the currently inferred resources to indicated resources, when resources are estimated next, and to re-examine the capping grade used in the previous resource estimations. A capping grade of 7 gm/tonne (gpt) Au was applied at the Paymaster zone because a significant number of the Paymaster database assays above 7 gpt Au came from previously collected underground channel samples which were not statistically represented in the drill hole data base. That was a result of insufficient drill density in the core higher grade resource area. Several drill hole samples returned values greater than 30 gpt Au and one as high as 59.7 gpt Au. This drilling program is designed to provide sufficient drill density to allow reconsideration of the 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 Paymaster resource area was identified in the last few holes of the fall 2014 drilling campaign, and this will be the first return to drilling within that resource area. In November 2014 (November 17, 2014) the Company announced reverse circulation (\"RC\") drilling at the Paymaster target area had intersected good grade gold mineralization in numerous drill holes. Drill hole B-1457 intersected 16.7 metres (55 feet) grading 9.94 g/tonne (0.290 opt) Au from 41.2-57.9 metres (135-190 feet). Drill hole B-1460 intersected 7.6 metres (25 feet) grading 9.98 g/tonne (0.291 opt) Au from 53.4-61 metres (175-200 feet). And drill hole B-1458 intersected 13.1 metres (43 feet) grading 5.13 g/tonne (0.15 opt) Au from 42.7-55.8 metres (140-183 feet). The 2016 drilling program will follow-up on these intercepts to flesh out this higher grade portion of the Paymaster resource area. The Paymaster resource area is the first resource area scheduled for developmen...