Canamex Gold identifies targets at Silverton as it stakes new gold claims

A further seven lode mining claims covering 140 acres have been staked to protect extensions to mineralization
Canamex Gold identifies targets at Silverton as it stakes new gold claims
Canamex updated on its Nevada projects

Canamex Gold Corp (CVE:CSQ) shares nudged higher as it said it had staked new gold claims at its Silverton gold project and updated on progress in Nevada.

A further seven lode mining claims covering 140 acres have been staked to protect extensions to mineralization evident from an initial look at the acquired project database.

The geochemical database also showed many other gold values from 1.0 g/t to 16.13 g/t (grams per ton) gold that have never been drill tested.

These have become priority exploration targets, where the company will undertake detailed mapping and sampling this coming spring, with the objective of defining a drilling program to test the best of these targets during 2018, said Canamex.

At the Bruner gold development project in Nevada, the updated PEA (preliminary economic assessment) is nearing completion, the firm added.

The results are likely to be reported in early January, 2018 with the 43-101 technical report following within 45 days afterwards.

Also at Bruner, drilling has started on a water well on the access road where the firm has obtained a water right for up to 350 gallons per minute of water for drilling fluid and future mineral processing.

The Nevada Division of Water Resources has extended the water-right application through December, 2018, to allow for completion of this well.

Canamex Gold is fast-tracking toward development of the Bruner gold project in the prolific gold jurisdiction of Nye county, where there are several producing and past-producing mines along the Walker Lane trend.

Earlier this month, shares surged as the group branched out into crypto-currency – a move that could transform the way the business and its projects are financed.

Shares in Toronto today added 2.44% to C$0.21 each.

View full CSQ profile View Profile

Canamex Gold Corp Timeline

Related Articles

August 04 2017
The firm has named Tang as its new non-executive chairman and director
Balmoral Resources opening up new gold zones in the Abitibi
May 03 2017
Balmoral has delivered a string of attractive exploration results from its Martiniere gold project on the prolific Abitibi gold belt
Gold wreath
November 13 2017
What makes Lionsgold more than "just another gold mine developer" is its partnership with TRAC, which has developed a trading platform that allows investors to acquire and store physical gold and silver rather than buying into exchange traded funds

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright ©, 2017. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated.