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CANEX Reports Cyanide Soluble Gold Recoveries of 79.5% from the Eldorado Zone at Gold Range, Arizona
CALGARY, AB / ACCESSWIRE / May 27, 2021 / CANEX Metals Inc. (TSXV:CANX) ("CANEX" or the "Com...
About this update from Canex Metals Inc
[{"type":"text","content":"CANEX Reports Cyanide Soluble Gold Recoveries of 79.5% from the Eldorado Zone at Gold Range, ArizonaCALGARY, AB / ACCESSWIRE / May 27, 2021 / CANEX Metals Inc. (TSXV:CANX) (\"CANEX\" or the \"Company\") is pleased to announce favorable cyanide soluble gold recoveries from mineralized samples from the Eldorado Zone at the Gold Range Project, Arizona.HighlightsCyanide soluble gold analyses from sample pulps from the Eldorado Zone show excellent recoveries and support a bulk tonnage heap leach target.200 samples of oxidized and transitional material average 79.5% cyanide soluble gold.8 samples have been submitted for bottle roll test work to provide a more detailed metallurgical characterization of Gold Range mineralization.Two hundred pulp samples from reverse circulation drilling at the Eldorado zone have been analyzed for cyanide soluble gold using a 2 hour cold cyanide leach on 15 gram pulp samples. The 200 samples returned a range of 25 to 127% cyanide soluble gold, averaging 79.5%. The samples analyzed are mainly from visibly oxidized zones, although some mixed oxide and sulfide (transitional) material was noted deeper in the system.Dr. Shane Ebert, President of the Company stated, \"These cyanide soluble gold results from Eldorado confirm the potential as a bulk tonnage heap leach target and further de-risk the exploration concept. The average cyanide soluble gold value of 79.5% compares very well to current heap leach producers and development projects in western North America. The Company has submitted 8 samples for advanced bottle roll test work to further understand the leaching characteristics and chemistry of the Gold Range mineralization\".January-February Gold Range Drill ProgramIn early 2021 the Company successfully completed 34 reverse circulation drill holes across 2.5 kilometres of strike length along the southern portion of the Gold Range Property. In total 2357.6 metres were drilled in holes ranging from 38 to 137 metres deep. Fifteen holes were drilled at the Eldorado Zone to test and expand the Company's previously announced bulk tonnage oxide discovery, 5 holes tested various targets across the southern part of the property and 14 holes tested the Excelsior Mine area.Results for an additional 21 drill holes are pending and will be released as they are received, compiled, and interpreted.Quality ControlRevers...