Announcement Date: 2022-06-27
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: CANEX Metals Inc.
Project name: Gold Range
Location: United States
Commodities: Gold
Highlight: Drilling results incl. 48.8m @ 1.0g/t Au from 0.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Calgary, Alberta – CANEX Metals Inc. (“CANEX” or the “Company”) is pleased to announce the results from 7 reverse circulation drill holes from the Excelsior Zone at the Gold Range Project located in northern Arizona. Six of the 7 drill holes have returned multiple gold mineralized intercepts and continue to expand the potential of the Gold Range project. Assay results for drill holes GR22-79 to 85, all from the Excelsior zone, have been received and are presented here. Hole GR22-79 was oriented away from the mineralized zone and did not intersect significant mineralization. A drill hole location map is shown on Figure 1, and a NW-SE cross section through Excelsior showing holes GR22-82 to 84 is shown on Figure 2. The results for holes GR22-80 to 85 are shown in the table below. These Excelsior holes were focused on defining and extending results from hole GR21-57 which contains the longest continuous zone of mineralization encountered on the Gold Range property to date, intersecting 1.0 g/t gold over 59.45 metres starting from surface including 1.4 g/t gold over 32 metres (previously released see December 16, 2021 news release). Hole GR22-82 was mineralized from the start of the hole to 48.78 metres depth returning 1.0 g/t gold over 48.8 metres, including a high-grade zone that returned
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