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CANEX Intersects 1.8 g/t Gold Over 6.1 Metres Within a Wider Zone of 0.6 g/t Gold Over 30.5 Metres at the Eldorado Zone - Drilling Resumes at Gold Range
CALGARY, AB / ACCESSWIRE / June 13, 2022 / CANEX Metals Inc. ("CANEX" or the "Company") is p...
About this update from Canex Metals Inc
[{"type":"text","content":"CANEX Intersects 1.8 g/t Gold Over 6.1 Metres Within a Wider Zone of 0.6 g/t Gold Over 30.5 Metres at the Eldorado Zone - Drilling Resumes at Gold RangeCALGARY, AB / ACCESSWIRE / June 13, 2022 / CANEX Metals Inc. (\"CANEX\" or the \"Company\") is pleased to announce the results from 10 reverse circulation drill holes from the Eldorado Zone at the Gold Range Project located in northern Arizona. The Company is also pleased to announce that reverse circulation drilling has resumed at Gold Range.HighlightsHole GR21-73 intersected 1.8 g/t gold over 6.1 metres within a wider interval of 0.6 g/t gold over 30.5 metres starting at 12.2 metres depth.Hole GR21-77 intersected 5 mineralized horizons including 1.1 g/t gold over 7.6 metres.Hole GR21-71 intersected 3 mineralized horizons including 0.5 g/t gold over 10.6 metres beginning at surface.Hole GR21-69, a 220 metre step out hole to the north of Eldorado, intersected 3 mineralized horizons ranging from 3 to 30.5 metres thick (drill intercepts) demonstrating good expansion potential.Reverse circulation drilling has resumed at Gold Range.Assay results for 18 drill holes are pending from multiple targets on the property.Assay results for drill holes GR21-69 to 78, all from the Eldorado zone, have been received and are presented here. A drill hole location map is shown on Figure 1, and a NW-SE cross section through Eldorado showing hole GR21-73 is shown on Figure 2. These holes were all step outs, mostly on the north and west side of Eldorado, and are starting to define a higher-grade central zone surrounded by lower grade material with the total zone now identified over an area 300 metres by 200 metres that remains open. Results from the Eldorado zone have exceeded expectations with 9 of the 10 step out holes intersecting gold mineralization and the majority of holes showing indications of multiple stacked mineralized horizons.Holes GR21-73 tested the northwest side of the Eldorado zone and returned 0.6 g/t gold over 30.48 metres from 12.2 metres depth, including 1.8 g/t gold over 6.1 metres. Hole GR21-73 intersected a second zone of mineralization at depth that returned 0.7 g/t Au over 3.05 metres from 57.9 metres depth. Overall the zone appears to be getting thicker and perhaps stronger to the northwest where it remains open for expansion.Hole GR21-69 was a 220 metre step out on the north...