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.

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Canamex Gold Corp Timeline

Newswire
May 24 2018

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