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CANEX Anounces Additional Rock and Soil Sample Results from Gold Range Including 24 g/t Gold Over 1.5 metres
CALGARY, AB / ACCESSWIRE / February 20, 2020 / CANEX Metals Inc. ("CANEX" or the "Company") ...
About this update from Canex Metals Inc
[{"type":"text","content":"CANEX Anounces Additional Rock and Soil Sample Results from Gold Range Including 24 g/t Gold Over 1.5 metresCALGARY, AB / ACCESSWIRE / February 20, 2020 / CANEX Metals Inc. (\"CANEX\" or the \"Company\") is pleased to announce results for 41 rock samples and 15 reconnaissance soil samples taken in December 2019 at the Gold Range Property, Arizona.Highlights from the Sampling ProgramMultiple chip samples returned high grade gold including 24.3 g/t Au over 1.5 metres and 25.4 g/t gold over 1 metre.Chip sampling has confirmed high grade gold mineralization within veins over a large area as previously indicated by grab samples. Resampling the main vein in Trench 2 using large sample size and metallic screen method has resulted in an increase in gold grade from 2.33 g/t over 2 metres to 16.56 g/t over 2 metres.Reconnaissance soil sampling has confirmed the large gold in soil anomaly previously identified in Grid 1 at the Central Zone.Dr. Shane Ebert, President of the Company stated, \"We are very pleased to see our recent rock and soil assays returning strong gold grades over a widespread area. We have multiple exploration targets being assembled from a combination of surface sampling, high resolution geophysics, and geological data sets. Field work is currently in progress at Gold Range and we look forward to advancing a number of potential drill targets as field work progresses over the next several weeks\".Rock SamplesA total of 41 rock samples (34 chips and 7 grabs) were taken from the Central, East, Shaft/Shear, and Adit Zones during the December sampling program. Gold results from all 41 samples, including unmineralized wall rock, range from 0.03 to 25.40 g/t, averaging 4.15 g/t. In total 367 chip and grab samples have been taking from the property, including mineralized veins and barren wall rock, and have returned trace to 94.67 g/t gold, averaging 4.40 g/t.High grade chip samples have been encountered in all the zones sampled confirming the presence of high grade gold mineralization over a large area as initially demonstrated by grab samples. Most of these high grade zones of mineralization are poorly exposed and will require further surface work, possibly including trenching and drilling to fully evaluate.Highlights of December 2019 sampling at the Pit ZoneSampleLocationTypeAu g/tMetallicscreen Au g/tAg ppm547109Tin Zone1.5...