Business
Carmax Announces Update on Activities and Start of 2016 Program for Eaglehead Property
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) - Carmax Mining Corp. ("Carmax") (TSX VENTURE:CXM) is pleased to announce that the 2016 field program
About this update from District Copper Corp.
[{"type":"text","content":" VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) - Carmax Mining Corp. (\"Carmax\") (TSX VENTURE:CXM) is pleased to announce that the 2016 field program on its 100% owned Eaglehead porphyry copper property located in northern British Columbia is expected to commence on or about June 6th, 2016. Highlights of the Phase I work completed to date are outlined below: Phase I Highlights: The drill holes and sample intervals for the additional preliminary metallurgical testing to be completed in 2016 have been selected. The collection of these samples is expected to be completed by mid-late June; The analysis of the pulps for the 2011 diamond drilling program have been completed using a four acid digestion. These pulps were analyzed for a suite of 34 elements. The data is being compiled and results will be released on completion thereof; The physical parameters of the samples representing various lithologies/alteration collected in 2014 and 2015 to aid in modelling/constraining of the 6,000m long chargeability/resistivity signature has been determined. This data is now being incorporated into the geophysical modelling process; The geophysical modelling has outlined several significant features and structures that were not previously known. Work to determine what if any control these features had on the mineralization in the Eaglehead project is ongoing; and Compilation work strongly indicates that prospecting of the project in the area west of the Camp and West zones as well as east of the Quantec Line 2 and 3 should be completed. Jevin Werbes, President of Carmax commented, \"The work completed this year continues to standardize the project data base, an important criteria required to move the project forward. Compilation, modelling and constraining of the geophysical signature continue to support our interpretation that the Eaglehead project could host a large porphyry copper system. The Phase II portion of the 2016 program commences in early June and is a continuation of the work completed in 2014 and 2015. The amount of diamond drilling to be completed will be determined after the current re-logging and re-sampling program has been completed.\" A number of historical drill holes from the East zone and the Bornite zone have been selected for re-logging and sampling/re-sampling to clear up \"legacy\" data issues related to l...