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Canex Announces Two New High Priority Geophysical Targets in Addition to the Known Copper Gold Porphyry Centre at the Louise Project, British Columbia
CALGARY, AB / ACCESS Newswire / July 31, 2025 / CANEX Metals Inc. ("CANEX" or the "Company") i...
About this update from Canex Metals Inc
[{"type":"text","content":"Canex Announces Two New High Priority Geophysical Targets in Addition to the Known Copper Gold Porphyry Centre at the Louise Project, British ColumbiaCALGARY, AB / ACCESS Newswire / July 31, 2025 / CANEX Metals Inc. (\"CANEX\" or the \"Company\") is pleased to announce results from an induced polarization (IP) geophysical survey recently completed over the Louise Copper-Gold Porphyry Project (Louise Project) in British Columbia. A new and previously unknown chargeability target has been identified two kilometres west of the historic Louise deposit and has been named the West Louise Target. In addition, a steeply dipping zone of high chargeability has been identified below and to the north of the historic Louise deposit and has been termed the Louise Deep Target. The Louise Deep Target is interpreted to have potential to host the mineralized roots of the historic Louise system and shows continuity to roughly 1000 metres below surface, the limit of the geophysical survey. Neither the West Louise nor Louise Deep targets have been drill-tested previously.Highlights:The West Louise Target is located two kilometres west of the historic Louise resource and correlates with a low-level surface Cu-Mo-Au-As geochemical anomaly in a flat area covered by glacial till.The West Louise Target is defined by chargeability values from 15 to >20 mV/V over an area 600 metres wide by 400 to 500 metres deep and extending at least 800 meters along strike, with the anomaly remaining open to the west. The anomaly comes to surface on line 1E and starts around 150m below surface on line 2E.The West Louise Target contains similar chargeability and resistivity values as the historic Louise deposit and has never been identified or drill tested previously. The target could represent a new porphyry centre with potential to host copper-gold mineralization similar to that at the Louise deposit.The Louise Deep Target contains a sub vertical zone of high chargeability located below and immediately north of the Louise deposit. This target is 700 metres wide on line 6E and extends to 1000 metres below surface, the depth limit of the geophysical survey. This target could be the conceptual \"main body\" of the Louise Porphyry that is partially offset from the resource area along the Terminator Fault. Identifying this target was a key objective of the survey.CANEX ha...