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Canex Samples Widespread High-Grade Gold at the Pit Zone on the Gold Range Property, Arizona
CALGARY, AB / ACCESSWIRE / December 16, 2019 / CANEX Metals Inc. (TSXV:CANX) ("CANEX" or the...
About this update from Canex Metals Inc
[{"type":"text","content":"Canex Samples Widespread High-Grade Gold at the Pit Zone on the Gold Range Property, ArizonaCALGARY, AB / ACCESSWIRE / December 16, 2019 / CANEX Metals Inc. (TSXV:CANX) (\"CANEX\" or the \"Company\") is pleased to announce assay results for 14 rock samples from the Pit Zone at the Company's Gold Range Property in Arizona.In October the Company collected 14 grab and chip samples from the Pit Zone as part of a property wide prospecting and mapping program. All of the samples from the Pit Zone have returned high grade gold, highlighted by 11 grab samples over a 500 metre by 70 metre area that have returned between 8.8 and 48.1 g/t gold, averaging 25.5 g/t gold. In addition, a 0.5 metre chip sample returned 26.7 g/t gold, and chip samples across the northern face of the open pit have returned 2.3 g/t Au over 8 metres, with the zone remaining open in all directions. Photographs of the Pit Zone and select sample locations are available here.Samples from the Pit Zone - Gold Range PropertySampleZoneType*Au g/tAg g/tCu %547169PitGrab38.315.70.28547170PitGrab31.98.50.17547171PitGrab30.114.80.39547172PitGrab21.94.90.65547177Pit3.5m Chip2.530.70.01547178Pit4.5m Chip2.196.10.02177 & 178Pit8m Chip2.343.70.02547179PitGrab48.110.40.59547180Pitgrab23.53.50.14547181Pitgrab8.870.90.01547182PitComposite Grab8.81.80.01547183PitGrab14.53.1-547184PitGrab25.36.70.12547185PitGrab29.34.80.01547186Pit0.5m Chip26.75.4- *All grab and chip samples reported here were taken by CANEX personnel with all chip samples taken perpendicular to the strike of the structures sampled. Grab samples are selective in nature and are not necessarily representative of mineralization on the propertyThe Pit Zone contains a 150-metre-long by 40-metre wide open pit along with a northeast trending quartz vein with multiple historic workings along it that extends several hundred metres from the pit. Limited historical records indicate the pit was mined around 1981 by Houston Kingman Mining Company. Exposed in the pit is a sericite altered and quartz veined intrusive dike as well as quartz veining cutting and following foliation in the surrounding metamorphic rocks. At least 5 sub parallel mineralized quartz veins 0.5 to over 1 metre wide are exposed in the pit. Mineralized quartz veins contain copper oxide staining and locally minor amounts of chalcopyrite and galena. Current ex...