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CANEX Updates Results for Hole 1 at Gibson - Intersects 15.8 g/t Gold Equivalent over 1 Metre Within a Zone Containing 1.3 g/t Gold Equivalent over 31.5 Metres
CALGARY, AB / ACCESSWIRE / January 7, 2019 / CANEX Metals Inc. ("CANEX" or the "Company") (T...
About this update from Canex Metals Inc
[{"type":"text","content":"CANEX Updates Results for Hole 1 at Gibson - Intersects 15.8 g/t Gold Equivalent over 1 Metre Within a Zone Containing 1.3 g/t Gold Equivalent over 31.5 MetresCALGARY, AB / ACCESSWIRE / January 7, 2019 / CANEX Metals Inc. (\"CANEX\" or the \"Company\") (TSX-V: CANX) is pleased to update assay results from the first hole of the 2018 drill program at the Company's Gibson Project, located in central British Columbia.Results for hole G18-01 from Gibson were first released on December 10, 2018. Subsequent to that release new fire assay and 4-acid digestion induced coupled plasma analyses have been received for silver with two samples increasing in silver grade by 13%. The table below shows the revised values for hole G18-01.Summary of select drill intercepts - Hole G18-01 Drill Hole From (m) To (m) Width (m)* Au Eq** g/t Au g/t Ag g/t Pb % Zn % G18-01 24.3 24.8 0.5 2.0 1.27 56.1*** 0.77 1.64 G18-01 33.5 65.0 31.5 1.33 0.81 40 0.2 0.25 G18-01 54.0 56.5 2.5 7.87 3.66 321 1.76 2.38 including 56.0 56.5 0.5 12.74 1.43 863 6.75 9.61 G18-01 64.0 65.0 1.0 15.84 11.9 301 0.88 0.54 G18-01 76.9 77.4 0.5 12.16 1.32 828 2.78 5.05 G18-01 82.0 83.5 1.5 1.77 1.1 51.5*** 0.17 0.25 *Width refers to drill hole intercepts, true widths have not been determined.**Gold equivalent (\"AuEq\") values calculated using $1225 US per ounce for gold and $16 US per ounce for silver with metallurgical recoveries assumed to be 100%. Pb and Zn values are not included in Au Eq.***Revised Ag value with 13% increase from the December 10, 2018 released value.In October 2018 CANEX drilled 10 shallow holes at Gibson testing a small portion of a soil anomaly measuring 850 metres long by up to 500 metres wide. Hole G18-01 successfully intersected multiple high-grade silver and gold veins within a larger envelope of stockwork mineralization. Details of the program and hole G18-01 are available in the December 10th news release, available here. A drill hole location map and a cross section showing hole G18-01 are available here.Assay results from holes G18-02 to G18-10 will be available for release shortly.Sampling Procedure and QAQCGibson drill core has been photographed and logged with intervals selected for assay cut in half with a diamond saw. Half of the core is placed in numbered plastic bags and sent to Activation Laboratories Ltd. in Kamloops British Columbia for analys...