Business
Drilling to Commence at Gold Range
Three New High Priority Exploration Targets to be Tested CALGARY, AB / ACCESSWIRE / March 6, ...
About this update from Canex Metals Inc
[{"type":"text","content":"Drilling to Commence at Gold RangeThree New High Priority Exploration Targets to be TestedCALGARY, AB / ACCESSWIRE / March 6, 2023 / CANEX Metals Inc. (\"CANEX\" or the \"Company\") is pleased to announce that exploration drilling at the Gold Range Project, Arizona, will commence this week focusing on new exploration targets with excellent discovery potential. New surface exploration results supporting these targets is also presented.HighlightsReverse circulation drilling will resume at Gold Range this week, focusing on testing 3 new target areas, WestGold, zones parallel to Excelsior, and the new Shaft discoveryThe WestGold Soil anomaly has been extended and covers an area 425 metres by 150 metres and contains the strongest gold in soil anomaly identified to date on the Gold Range Property. This is significant as soil geochemistry has been an effective tool for finding gold mineralization across the propertyAssay results from January mapping and sampling have been received and confirm both high grade veins and lower grade bulk tonnage style halos at the WestGold Target, with samples returning up to 57.5 g/t gold over 0.4 metres and 1.44 g/t gold over 4 metresA permit amendment has been received allowing the Company to drill the new WestGold target and 4 holes are planned as an initial test of the zoneNew mineralized vein zones have been mapped parallel to Excelsior and have returned grades up to 21.5 g/t gold over 0.5 metres. At least 3 of these zones have been defined and traced for up to 600 metres along strike, significantly increasing the size potential of the Excelsior areaDr. Shane Ebert, President of the Company Stated, \"Surface exploration work completed to December 2022 and more recently in January 2023 has successfully defined multiple new mineralized target areas providing CANEX with an excellent line up of drill targets. We are very excited to start our drilling program at the WestGold Target which has returned high grade gold in surface rock samples and contains a 425 metre long by up to 150 metre wide gold in soil anomaly with the strongest gold in soil values defined on the Gold Range Project to date. We are also excited to drill test the 500 metre wide mineralized corridor adjacent to Excelsior where recent field work has defined multiple mineralized quartz vein and stockwork zones running parallel to Excelsior...