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CANEX Metals Inc.
Summary
| Project: | Gibson | |
|---|---|---|
| Deposit: | Gibson | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc-Lead | |
| Date: | 1/16/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-1-2019: CANEX Metals Inc. announces an Exploration/Drilling Update report for its Gibson deposit at the Gibson project. Drilling results incl. 2.5m @ 3.66g/t Au, 321g/t Ag, 1.76% Pb, 2.38% Zn from 54.0m. Calgary, Alberta - CANEX Metals Inc. (“CANEX” or | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Shane Ebert (Internal) | |
| ABSTRACT: | Calgary, Alberta - CANEX Metals Inc. (“CANEX” or the “Company”) is pleased to provide final assay results for holes G18-02 to 10 from the 2018 drill program at the Company’s Gibson Project, located in central British Columbia. Ten shallow drill holes were completed at Gibson in October 2018 testing a small portion of a soil anomaly measuring 850 metres long by up to 500 metres wide. The results for all holes have been received and are summarized below. Dr. Shane Ebert President of the Company commented, “The 2018 Gibson drilling and trenching program has successfully confirmed the presence of a significant mineralized system at Gibson which has now been traced for 200 metres along strike, to 75 metres depth, and remains open in all directions. Six holes tested the Gibson Vein Zone and all six intersected multiple veins associated with strong alteration with five of the six holes returning high grade gold and silver over widths of 0.5 to 3.7 metres. The strong and consistent mineralization encountered to date, along with the large and intense alteration and stockwork zones suggests good potential for a robust well-developed mineralized system. New geologic data has resulted in an improved understanding of the orientation and controls on mineralization. Previous exploration work assumed a northwest orientation to mineralization, however, new data indicates the main mineralized zone trends east-west. This opens up considerable new exploration opportunity to explore the known system along strike and to identify\ | |
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