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Canamex Resources Corp. (TSX Venture: CSQ)
(“Canamex”) has begun a program of
reverse circulation (RC) drilling at its Bruner project located in central Nevada,
32km north of the Paradise Peak Mine and 68km northwest of the Round Mountain
Mine. A total of 11 holes totaling 1,525 meters are planned to test an area
containing a historic resource. Canamex plans to
hire an independent geologist to do a NI 43-101 compliant resource
calculation once drilling is completed.
The
drilling program will occur on patented claims in the vicinity of the
July-Duluth mines. These mines, along with others in the district, have
historic production of approximately 100,000 ounces at an average grade of
19.2 g/t gold, according to published reports. The Bruner gold/silver
mineralization occurs as numerous sheeted or narrow quartz veins within a
thick section of welded tuff. This setting is very similar to the Round
Mountain mine. Round Mountain is an open pit, heap-leach mine that has
produced over 10 million ounces of gold over a 30 year period, with the
average grade currently being mined of only 0.62 g/t gold.
Study
of the veins in the Bruner district show two primary vein directions:
north-south, and north-west. Canamex has designed
its program to drill perpendicular to the intersection of these two vein sets
to more accurately record the density and true widths of the veins. It is
hoped this will help prove the continuity of the mineralization.
Canamex has an option agreement with Provex Resources Inc., a Nevada corporation, to earn a 75
% interest in the Bruner property. The property covers virtually all of the
significant mines of the district, and consists of 98 unpatented and 21
patented mining claims covering a total of approximately 963 hectares (2,380
acres). Historic work by Morrison-Knudsen, Miramar, Glamis,
Newmont, Kennecott and others have identified the resource Canamex is currently drilling, along with several other
poorly tested gold/silver anomalies. Canamex will
first determine the size and grade of the July-Duluth resource using NI
43-101 guidelines, and then test the other identified anomalies. A map of
planned drill holes is shown on the Canamex website
(see below).
Map
of Planned Drill Holes
Richard
Kern (P. Geol.), is the Company’s qualified
person on this project. Mr. Kern prepared the technical information contained
in this news release.
For
more information on Canamex and the Bruner project
please visit the Company’s website at http://www.canamex.us
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