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CANEX Drills the Longest Continuous Zone of Gold Mineralization at Gold Range to Date Intersecting 1.0 g/t gold over 59.5 meters Including 1.4 g/t gold over 32 metres
CALGARY, AB / ACCESSWIRE / December 16, 2021 / CANEX Metals Inc. ("CANEX" or the "Company") ...
About this update from Canex Metals Inc
[{"type":"text","content":"CANEX Drills the Longest Continuous Zone of Gold Mineralization at Gold Range to Date Intersecting 1.0 g/t gold over 59.5 meters Including 1.4 g/t gold over 32 metresCALGARY, AB / ACCESSWIRE / December 16, 2021 / CANEX Metals Inc. (\"CANEX\" or the \"Company\") is pleased to announce assay results for 4 drill holes from the Company's ongoing reverse circulation drilling program designed to expand oxide gold mineralization at the Gold Range Project, Arizona.HighlightsHole GR21-57 was a 50 metre step out to the southwest on the Excelsior zone and returned the longest continuous zone of mineralization encountered on the Gold Range property to date, intersecting 1.0 g/t gold over 59.45 metres starting from surface including 1.4 g/t gold over 32 metres. The zone remains open for expansion.Hole GR21-59 from the central part of the historic Excelsior Mine returned 1.8 g/t gold over 19.8 metres, including 4.1 g/t gold over 7.6 metres, and drilling in this area has extended mineralization 75 metres down dip where it remains open.Hole GR21-58 from the central part of the Excelsior zone returned 0.4 g/t gold over 33.5 metres.To date 30 holes of a planned 50 hole program are complete, and drilling is expected to extend through January, 2022.Steady drill results are expected to be released through Q1 of 2022.To date 30 reverse circulation drill holes have been completed at Gold Range as part of an ongoing program expected to extend through January. Currently twenty holes have been completed at the Excelsior zone and 10 have been completed at Eldorado. Drilling between the Excelsior and Eldorado zones and the testing of additional exploration targets is scheduled for January.The Excelsior zone has now been tested over a strike length of 350 metres, over widths of 100 metres, and to depths exceeding 100 metres. Assay results for holes GR21-54, and GR21-57 to 59, all from the Excelsior zone, have been received and are presented here. A drill hole location map is shown on Figure 1, cross section D-D' with holes GR21- 54 and 57 is shown on Figure 2 and cross section G - G' with holes GR21-58 and 59 is shown on Figure 3.Hole GR21-57 is a 50 metre step out on the southwest side of the Excelsior zone. The hole intersected 1.0 g/t gold over 59.45 metres starting from surface and represents the longest continuous zone of gold mineralization encountere...