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CANEX Samples 6.12 g/t Gold over 9 Metres in Trenching at The Gold Range Project, Arizona
CALGARY, AB / ACCESSWIRE / September 29, 2020 / CANEX Metals Inc. ("CANEX" or the "Company")...
About this update from Canex Metals Inc
[{"type":"text","content":"CANEX Samples 6.12 g/t Gold over 9 Metres in Trenching at The Gold Range Project, ArizonaCALGARY, AB / ACCESSWIRE / September 29, 2020 / CANEX Metals Inc. (\"CANEX\" or the \"Company\") is pleased to announce surface assay results from Trench 10 at the Gold Range Project, Arizona, and update the status of its drilling program which began on August 25.HighlightsChip sampling at Trench 10 has returned 12.97 g/t gold over 3 metres including 19.4 g/t gold over 1.5 metres.The above high grade sits within a larger zone grading 6.12 g/t gold over 9 metres.The results demonstrate potential to expand the high-grade Pit Zone style mineralization to the northwest.Trench 10 was constructed during the summer 2020 exploration program at Gold Range, and assay results from the trench are presented here. The trench is located 150 metres northwest of the Pit Zone and tested the thesis that Pit Zone style mineralization might continue to the northwest on the north side of a prominent fault. The trench successfully exposed flat lying and irregular quartz veining locally containing minor sulfide minerals and visible gold. Chip sampling of a clay altered fault zone, which potentially offsets the zone from the historically mined open pit, returned trace gold. This mineralized zone remains open to the North, beyond the extent of the trench.The trench returned very strong gold mineralization containing 12.97 g/t gold over 3 metres within a larger zone of 6.12 g/t gold over 9 metres.Highlights from Trench 10 at Gold RangeSample Type*Gold g/tSilver g/t377651.5m chip6.547.1377661.5m chip19.4015.7377671.5m chip1.5217.8377681.5m chip0.720.7377691.5m chip0.250.5377701.5m chip8.281.3*All chip samples above are consecutive and were taken by CANEX personnel.Dr. Shane Ebert, President of the Company stated, \"The identification of strong gold grades over a significant width at Trench 10 provides us one more promising target where we might expand high-grade mineralization. It is very encouraging to see our understanding of the geology and post mineralization structure advance to the point where we can utilize our existing data sets to successfully target new zones of mineralization. Two short drill holes have tested the Trench 10 area as part of the current drill program and should provide additional understanding of mineralization in the area.\"Drill Program Upda...