Gold Exploration Project Acquisition - Silverton, Nevada

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[{"type":"text","content":"Gold Exploration Project Acquisition - Silverton, Nevada(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / October 18, 2017 - Canamex Resources Corp. (the \"Company\" or \"Canamex\") (TSX-V: CSQ) (OTCBB: CNMXF) (FSE: CX6) is pleased to announce the acquisition of a new Carlin-type gold exploration property located in Nye County, Nevada. The property is near the old Silverton Mine property located about 100 kilometres northeast of Tonopah, Nevada, immediately north of US Highway 6, and consists of 70 unpatented lode mining claims totaling approximately 1400 acres.\n\n\n \nThe location map of the Silverton Project can be found in the Canamex Corporate presentation here: http://www.canamex.us/images/presentations/Canamex_Corporate_Presentation.pdf \n\n\n \nExploration History\n\n\n \nThe Silverton property has been explored intermittently since the early 1980s. Extensive grid rock chip sampling by previous exploration companies identifies a large gold anomaly containing greater than 100 ppb Au covering an area approximately 2.5 x 3.0 kilometres across the property. A total of 66 reverse circulation (\"RC\") drill holes have been drilled to date on the property. Most of the drilling has been focused on a kilometre-long +0.5 ppm gold anomaly within a silicified zone at the contact between volcanic rocks and underlying dolomitized rocks, and containing silver and gold-antimony veins. While some of these holes intersected good gold values over modest intervals (examples being S-3a: 7.62 metres at 2.29 gpt Au; S-8: 9.15 metres at 0.746 gpt Au; S-11: 6.1 metres at 2.01 gpt Au), the veins within the volcanic rocks overlying the dolomitized limestone are not what Canamex sees as the primary exploration opportunity at the Silverton property. Canamex believes the dolomite breccias are the primary exploration opportunity.\n\n\n \nExploration Targets at Silverton\n\n\n \nOnly about 20% of the historic holes were drilled to test gold in the brecciated dolomitized limestones, and mostly only with shallow vertical holes. These vertical holes were drilled to test a stratabound gold target concept and not steeply dipping structural targets beneath the surface expressions of mineralized and altered dolomite breccias. Canamex sees strong similarities between the gold-rich zones at the Long Canyon gold deposit, which occur primarily i...

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