Mar. 1, 2011 (Baystreet.ca) --
Mining MarketWatch Journal has published a review of Canamex Resources Corp. (TSX VENTURE: CSQ) (Pink Sheets: CNMXF) (FSE: CX6) offering insight and opportunity afforded investors as CSQ.V is advancing its Bruner Gold Project in Nevada, a large tonnage gold project with an historic resource estimate of 383,000 oz Gold (non NI 43-101 compliant), similar in style to Kinross & Barrick's nearby Round Mountain Mine which has produced over 10,000,000 ounces gold in the last 20 years via low cost open pit bulk mining heap leach operation. Mining MarketWatch Journal has confirmed that Canamex is also actively vetting highly prospective prospects in South America.
The full Journal review may be found at http://miningmarketwatch.net/CSQ.htm online.
Investors in CSQ.V have an opportunity to gain exposure to a growing gold exploration/mining company in the process of exposing serious potential value at the Bruner gold project. With only ~34M shares outstanding and trading under CDN$0.30 CSQ.V appears on sale and ripe for significant upside revaluation to better reflect the inherent value and immense gold potential.
Canamex's Bruner Gold Project in Nevada is a large tonnage gold project similar to Kinross & Barrick's nearby Round Mountain Mine. When developed a Round Mountain style open pit bulk mining heap leach deposit can offer consistent low cost gold extraction for decades; utilizing heap leaching Round Mountain has produced over ten million ounces of gold over a 20 year period and the deposit continues to expand.
Recent drilling and hydrometallurgical testing on Canamex's Bruner deposit affirms the belief that with continued success there exists the potential to conceivably emulate Round Mountain. The recent exploration efforts by Canamex on Bruner are part of a process of bringing current the historic (non NI 43-101 compliant) resource estimate of 383,000 oz Gold established in 1991, since that time an additional 86 holes have been drilled within and along strike of the resource area. Like the Round Mountain Mine deposit Canamex's Bruner deposit material is low grade but as demonstrated in recent "bottle roll" tests is leachable with average gold recoveries in excess of 90%. Historic production at Canamex's Bruner includes ~100,000 ounces at an average grade of 0.56 opt gold. CSQ.V definitely confirmed the potential at Bruner in its last round of drilling with intercepts of over 300 feet of low grade in one hole with a five foot veinlet averaging close to 10 g/t gold with decent silver grades too. The deposit also appears to be open ended with oxidization occurring to at least 800 feet beneath the surface. In short, Bruner appears to be a significant deposit.
The Bruner gold project is now considered such a solid gold prospect for Canamex that it strategically forms a baseline project that can be expanded upon and act as a backstop while it juxtaposes exploration efforts on a new second front that will give shareholders tremendous upside on highly prospective project(s) that could end up being something significant -- Mining MarketWatch Journal has confirmed that Canamex is actively vetting highly prospective prospects in South America.
The full Journal review may be found at http://miningmarketwatch.net/CSQ.htm online.
This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are not advice, are for information purposes only and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URLs.
Contact Information:
James O'Rourke, Editor
Mining MarketWatch Journal
editor@miningmarketwatch.net