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Canamex Resources Corp
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Canamex drills 22.9 m of 3.29 g/t Au at Bruner

2014-10-21 09:23 ET - News Release

Mr. Greg Hahn reports

CANAMEX DRILLING INTERSECTS 22.9 METRES GRADING 3.29 G/TONNE AU IN THE PENELAS EAST ZONE AT BRUNER GOLD PROJECT, NEVADA

Canamex Resources Corp. has released results from continuing core drilling at the Bruner gold project located in Nye county, Nevada.

Core hole B-1446C

Core drill hole B-1446C was drilled at the open northern extension of the Penelas East zone and intersected 22.9 metres (75 feet) grading 3.29 grams per tonne Au (0.096 ounce/ton Au) from 221.6 to 244.5 metres (727 to 802 feet) depth. This zone incorporates a 5.0-foot-wide (1.52 metres), high-grade interval at 237.8 to 239.3 metres (780 to 785 feet) grading 37.5 g/tonne (1.094 ounces per ton) Au. In addition, several other zones were intersected higher in the hole as referenced in the attached table. These intercepts are at the far northern end of drilling at the Penelas East discovery area, and the nearest neighbour drill hole to the north is over 100 metres away. As a result, the Penelas East discovery area remains wide open to the north to expansion.

                            CORE HOLE B-1446C

Interval (ft)     Length (ft/m)   Au gpt   Au opt   Est. true width (ft/m)

27 to 42                15/4.6     0.551    0.016                 7.5/2.3
117 to 202             85/25.9     1.152    0.034                 42.5/13
727 to 802             75/22.9     3.291    0.096               37.5/11.5
Incl. 780 to 785         5/1.5      37.5    1.094                2.5/0.75

Core hole B-1446C intersected the deeper mineralized zone containing the high-grade zone 32 to 35 feet (roughly 10 metres) along strike from the high-grade intercept encountered in reverse circulation hole B-1436 (reported earlier).

A second core hole (B-1454C) was drilled into the high-grade target area and intersected the high-grade target area 23 to 30 metres (75 to 100 feet) north of the high-grade intercept in holes B-1446C and B-1436. Results from core hole B-1454C should be available in early November.

The high-grade zone intersected in hole B-1446C remains open to the west and north, as does the thick lower-grade mineralization encountered higher in the hole.

Drill hole samples are stored on site and are retrieved by ALS Minerals personnel or an independent contractor, and transported in its custody to the ALS Minerals laboratory in Reno/Sparks, Nev., where they were photographed, sawed, sampled and analyzed by the ALS Minerals laboratory for gold and silver. Duplicates, blanks and standards were inserted at regular intervals for QA/QC (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 250 grams of sample and pulverizing this split to 85 per cent passing minus 75 microns in size. From the 250-gram pulp, 30 grams are split out for fusion and fire assay with an AA (atomic absorption) finish. If results return three g/tonne Au or greater, the lab performs a 30-gram fire assay with a gravimetric finish from the same pulp. In addition, a second sample is prepared by crushing the sample down to 90 per cent passing 10 mesh and proceeding to a rotary split of one kilogram that is pulverized to 85 per cent passing 200 mesh. From the one-kilogram pulp, 30 grams are split out for a second fire assay with 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.

We seek Safe Harbor.

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