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Canex Makes New Drill Discovery at Westgold Intersecting 35 Metres of 0.7 g/t Gold Including 7.6 Metres of 2.5 g/t Gold
CALGARY, AB / ACCESSWIRE / May 8, 2023 / CANEX Metals Inc. ("CANEX" or the "Company") is pleased...
About this update from Canex Metals Inc
[{"type":"text","content":"Canex Makes New Drill Discovery at Westgold Intersecting 35 Metres of 0.7 g/t Gold Including 7.6 Metres of 2.5 g/t GoldCALGARY, AB / ACCESSWIRE / May 8, 2023 / CANEX Metals Inc. (\"CANEX\" or the \"Company\") is pleased to announce results from 5 reverse circulation drill holes from the maiden drill test of the WestGold Target at the Gold Range Project, Arizona.HighlightsThe first holes ever drilled into the WestGold Target have resulted in a new drill discovery with hole GR23-120 returning 0.7 g/t gold over 35 metres including 1.9 g/t gold over 10.67 metres and 2.5 g/t gold over 7.6 metresHole GR23-118 intersected 0.2 g/t gold over 54.9 metres including 0.4 g/t gold over 15.2 metres, along with 3 additional mineralized intervals at depthA flat dipping structural control on the WestGold discovery combined with significant mineralized intercepts in holes GR23-118 and 120, indicate potential for a large near-surface zone of oxide-gold mineralization at WestGoldWestGold is located 450 metres west of known mineralization at Eldorado, extending the known strike length of the main mineralized trend on the property to 4 kilometresResults for 19 drill holes are pending, including holes testing the Shaft Target, targets parallel to Excelsior, and the main Excelsior Zone along strike and to depthDr. Shane Ebert, President of the Company stated, \"These significant drill intercepts at WestGold further highlight the prospectivity of the Gold Range Project and our Teams ability to identify and successfully drill test new targets. Recognizing a flat dipping structural control at WestGold is key to understanding the size potential of the mineralized zone, which could extend over an area hundreds of metres by hundreds of meters sitting in an ideal setting close to surface near the top of a large hill. We look forward to further advancing the WestGold zone through focused exploration work, including drilling, to fully assess the scale and grade of the mineralized system\".Assay results from drill holes GR23-116 to 118, and GR23-120, all from the WestGold Target on the Gold Range Project, Arizona, have been received and are presented here. All five holes successfully intersected gold mineralization with holes GR23-118 and 120 intersecting gold zones containing significant grades and widths. A property drill hole location map is shown in Figure 1,...