Carmax Mining is pleased to announce that it has entered into a Subscription Agreement with Desert Fox Copper, a wholly owned subsidiary of Copper Fox Metals, whereby Desert Fox will subscribe, via a non-brokered private placement, for 20,000,000 units of Carmax for an aggregate subscription price of CDN$1,000,000. Units will be subscribed for at a price of $0.05 per Unit and will consist of one previously unissued common [...]
Carmax is pleased to announce that planning is underway for the 2013 field season on the Eaglehead property. It is anticipated that work will focus on following up on the very positive drill results from 2011, and on the NI 43-101 Mineral Resource announced in 2012. The Inferred Mineral Resource estimate totals 102.5 million tonnes at an average grade of 0.29% Cu, 0.010% Mo and 0.08 g/t Au. The resources were estimated [...]
Carmax Mining Corp. is pleased to announce that a four-person team will be visiting the Dominican Republic this week to perform an initial site inspection and reconnaissance of the two concessions, La Angostura and El Rio. Additional objectives for the team include establishing legal representation in the country and meeting with various government officials.
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