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CANEX Announces Positive Soil Results From Gold Range
CALGARY, ALBERTA / ACCESSWIRE / June 29, 2020 / CANEX Metals Inc. ("CANEX" or the "Company")...
About this update from Canex Metals Inc
[{"type":"text","content":"CANEX Announces Positive Soil Results From Gold RangeCALGARY, ALBERTA / ACCESSWIRE / June 29, 2020 / CANEX Metals Inc. (\"CANEX\" or the \"Company\") is pleased to announce soil results for sampling conducted in late May to early June at the Gold Range Property, Arizona.A 776 sample soil program consisting of multiple east-west trending soil lines was conducted over several targets across the Gold Range property.HighlightsAn east-west soil line has returned a 390 metre gold in soil anomaly immediately south of the Pit Zone, with values up to 613 parts per billion gold.The SouthWest Zone, a new discovery, contains strong gold in soils associated with a granite dike and a 700 metre long magnetic low. Multiple linear northwest and northeast trending gold in soil anomalies have been identified south of the Pit Zone and could represent high grade structurally controlled zones of gold mineralization.Maps showing the soil and rock sample results from the southern part of the Gold Range property and from the SouthWest Zone are available here.Grid soil sampling continues to successfully identify, define, and expand gold exploration targets. A soil line located immediately south of the Pit Zone has returned a 390 metre interval of anomalous gold in soils ranging from 20 to 613 parts per billion (ppb) gold, averaging 121 ppb gold. This large anomaly indicates gold mineralization could be more widespread in the immediate Pit Zone area than previously recognized.Multiple new soil lines were run across the southern part of the claim block and help define at least 4 linear northwest and northeast trending gold in soil anomalies. These anomalies are up to 450 metres long and 60 metres wide, are largely open along strike, and are interpreted to represent structurally controlled gold targets.In May of this year the Company announced a new high-grade gold discovery in outcrop located 370 metres northwest of the Pit Zone (53.2 g/t gold over 0.6 metres previously announced inMay 11, 2020 news release). This new discovery has been termed the SouthWest (SW) Zone and was initially found by following up a gold in soil anomaly. Four additional soil lines were conducted at the SW Zone during the latest round of soil sampling and outline a 120 metre long by up to 80 metre wide gold-in-soil anomaly which is closed to the north but remains open to the south....