Mr. Greg Hahn reports
CANAMEX DRILLING INTERSECTS 44.2 METRES GRADING 6.97 G/TONNE AU AND 47.3 METRES GRADING 3.4 G/TONNE AU AT BRUNER GOLD PROJECT, NEVADA
Canamex Resources Corp. has released results from reverse circulation drilling at the Bruner gold project located in Nye county, Nevada.
RC hole B-1425
Reverse circulation drill hole B-1425, drilled into the East zone at the historic resource area,* intersected 145 feet (44.2 metres) grading 0.203 ounce per ton gold (6.97 grams per tonne gold) from 40 to 185 feet (12.2 to 56.4 metres) depth. Within this zone is a high-grade interval from 60 to 85 feet (18.3 to 25.9 metres) that grades 0.81 ounce per ton (27.91 grams per tonne) gold and 9.55 ounces per ton (327.3 grams per tonne) silver. This intercept offsets to the south mineralized intervals drilled in hole B-1408C and historic drill hole BRU-094, which indicated the presence of a zone of gold mineralization that was above the average grade of the historic resource. Drill hole B-1425, along with the other holes reported here that were also drilled into the East zone of the historic resource area,* confirms there is a higher-grade zone that needs to be properly quantified with sufficient drilling to include in a National Instrument 43-101 resource estimate.
A plan view map will be posted to the company's website that displays the location of all holes drilled to date at the historic resource area, along with a cross-section displaying the drill holes described in this release.
RC hole B-1424
Reverse circulation drill hole B-1424 was drilled to offset to the north the mineralized intervals drilled in hole B-1408C and historic drill hole BRU-094 of the East mineralized zone referenced above. Hole B-1424 intersected 155 feet (47.3 metres) from 75 to 230 feet (22.9 to 70.1 metres) grading 0.100 ounce per ton gold (3.44 grams per tonne gold) and another lower-grade intercept.
RC hole B-1426
Reverse circulation drill hole B-1426 was drilled above hole B-1425, and intersected the mineralized zone about 75 feet above the reported intercept in hole B-1425.
RC hole B-1423
Reverse circulation drill hole B-1423 was drilled below hole B-1424, and intersected the mineralized zone about 75 feet below the reported intercept in hole B-1424. Hole B-1423 intersected one zone of low-grade gold.
MINERALIZED INTERCEPTS
Est.
Hole ID From To Thickness Au grade true width
(ft) (ft) (ft) (m) (oz/t) (g/t) (ft) (m)
B-1425 40 185 145 44.2 0.203 6.97 90 27.4
205 310 105 32.0 0.018 0.52 50 15.2
340 360 20 6.1 0.043 1.49 10 3.0
420 445 25 7.6 0.011 0.37 12.5 3.8
B-1424 75 230 155 47.3 0.100 3.44 100 30.5
445 475 30 9.1 0.012 0.42 20 6.1
B-1426 35 100 65 19.8 0.069 2.36 50 15.2
220 230 10 3 0.011 0.38 7.7 2.3
255 285 30 9.1 0.011 0.38 22.8 7.0
350 370 20 6.1 0.021 0.71 15.2 4.6
B-1423 90 135 45 13.7 0.024 0.82 23 7.0
On the sections containing these holes, the East zone trends in a northerly direction and is approximately 100 feet (30.5 metres) wide and 200 feet (61.0 metres) thick, and lies within 20 feet of surface. The East mineralized zone of the historic resource area* remains open along strike to the north and south and is largely untested by drilling. Work is under way to assess the best access to drill stations to continue drilling the open extensions of this mineralized zone.
The assay results reported corroborate the company's interpretation that there are higher-grade interior zones along well-mineralized faults and fractures within the historic resource area* that have not been fully defined or adequately tested by historic drilling. The best gold intercepts at the historic resource area* lie at very shallow depths below the surface, making it readily amenable to open-pit mining. Many historic drill holes penetrated beneath the main mineralized zone and failed to intersect this shallow zone. With continuing drilling of this exciting mineralized zone the company continues to advance its understanding of the host geology and the distribution of gold at Bruner. Once this additional drilling is completed the company should have enough detailed information to quantify the historic resource* under National Instrument 43-101 standards for reporting purposes.
Drill hole samples are stored on site and are retrieved by ALS Minerals employees or an independent contractor and transported in their custody to the ALS Minerals laboratory in Reno/Sparks, Nev., where they were photographed, sawn, sampled and analyzed by ALS Minerals laboratory for gold and silver. Duplicates, blanks and standards were inserted at regular intervals for quality assurance/quality control purposes. All drill samples are prepared by crushing the entire sample to 70 per cent passing two millimetres in size, splitting out one kilogram of sample and pulverizing this split to 85 per cent passing minus 75 microns in size. From the one-kilogram pulp a 30-gram sample is split out for fusion and fire assay with an AA finish. If results return greater than three grams per tonne gold another 30-gram split is rerun by fusion and fire assay with a gravimetric finish. Greg Hahn, president and interim chief executive officer, and a certified professional geologist (No. 7122), is the qualified person under National Instrument 43-101 responsible for preparing and reviewing the data contained in this press release.
* The historic resource area refers to an area on the Bruner property that was the subject of a historical resource estimate reported on the property in a press release by Miramar Mining Corp. in 1993 and is not in compliance with National Instrument 43-101 standards. The non-compliant resource estimate was done by industry professionals in accordance with standard industry practices prevalent at the time, and is believe to be reliable, but with no assurances as to how much of the resource would qualify as measured, indicated or inferred under current industry reporting standards. A qualified person (within the meaning of National Instrument 43-101) has not done sufficient work to classify the historical estimate as current mineral resource or mineral reserves, and the company is not treating the historical estimate as current mineral resources or mineral reserves. The historical estimate is relevant solely for purposes of directing target areas for the company's current exploration program.
We seek Safe Harbor.
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