CANEX Metals Inc. is pleased to announce that it has closed it's previously announced C$2.5 million private placement. Highlights Mr. Michael Gentile, CFA was the lead investor in the financing and owns 10.7% of the company. Mr. Blair Schultz, a newly appointed director of CANEX also participated in the financing and owns 5.3% of the Company. Altius Minerals , a founding shareholder of the Company, owns 7.5% of CANEX. The [...]
Blair Schultz Joins Board Of Directors CANEX Metals Inc. is pleased to announce a C$2.5 million private placement where Michael Gentile, CFA, will acquire a 10.5% interest in the outstanding common shares of the Company. In addition, Blair Schultz has joined the Company's Board of Directors. Highlights Mr. Michael Gentile, CFA makes strategic investment in CANEX Metals and will own 10.5% of the company upon closing of the [...]
CANEX Metals Inc. is pleased to announce assay results for 8 reverse circulation drill holes from the Company's new oxide gold discovery at the Gold Range Project, Arizona. Highlights Hole GR21-63 near the far northeast end of the Excelsior zone intersected 0.5 g/t gold over 22.87 metres starting at 25.91 metres depth, including 0.6 g/t gold over 16.77 metres. Hole GR21-64 near the northeast side of Excelsior intersected [...]
CANEX Metals Inc. is pleased to announce exploration results for 670 soil samples and 42 rock samples from the Gold Range Project, Arizona. These surface sampling results combined with geologic mapping have added new exploration targets and increased our understanding of, and confidence in, the 3-kilometre-long oxide gold exploration target at Eldorado-Malco-Excelsior. Highlights Surface sampling and mapping has increased [...]
CANEX Metals Inc. is pleased to report that at its Annual & Special Meeting, held on February 24, 2022, Shane Ebert, Jean-Pierre Jutras, Lesley Hayes and Gregory Hanks were re-elected to the Board of Directors. Shareholders also approved fixing the number of directors at four, the appointment of BDO Canada LLP as Auditors and ratified Canex's stock option plan. A reverse circulation drill program is currently underway at [...]
CANEX Metals Inc. is pleased to announce assay results for 8 drill holes from the Company's ongoing reverse circulation drilling program designed to expand oxide gold mineralization at the Gold Range Project, Arizona. Highlights Hole GR21-49 in the central part of the Excelsior zone intersected 0.5 g/t gold over 22.87 metres starting at 28.96 metres depth, including 0.8 g/t gold over 13.72 metres. Hole GR21-52 in the [...]
CANEX Metals Inc. is pleased to announce that reverse circulation drilling has resumed at the Gold Range Project, Arizona, after a scheduled holiday break. The drill is set up at the Excelsior Zone where several new holes have been added to the program to delineate the mineralized zone encountered in hole GR21-57, which intersected 1.0 g/t gold over 59.45 metres starting from surface and ending in mineralization . Hole [...]
CANEX Metals Inc. is pleased to announce assay results for 4 drill holes from the Company's ongoing reverse circulation drilling program designed to expand oxide gold mineralization at the Gold Range Project, Arizona. Highlights Hole GR21-57 was a 50 metre step out to the southwest on the Excelsior zone and returned the longest continuous zone of mineralization encountered on the Gold Range property to date, intersecting [...]
CANEX Metals Inc. is pleased to announce that a reverse circulation drill program is underway at the Gold Range Project, Arizona. Three holes have been completed at the Excelsior Zone and a fourth is in progress. The Company plans to drill up to 50 holes during the current drilling program. Dr. Shane Ebert, President of the Company stated, "We are very pleased to have started our third drill program at Gold Range and are [...]
CANEX Metals Inc. is pleased to announce exceptional cyanide soluble gold recoveries from bottle roll test work on mineralized samples from the Gold Range Project, Arizona. Highlights Metallurgical test work on 8 bottle roll samples from the Gold Range Project achieved final cyanide soluble gold recoveries ranging from 94 to 99%, averaging 97%. The test work showed rapid leach kinetics with the majority of gold extracted [...]
CANEX Metals Inc. is pleased to announce that its third reverse circulation drilling program is scheduled to start at the Gold Range Project, Arizona, in early August. The program will consist of around 50 drill holes and in excess of 3000 metres of drilling. The third phase of drilling will initially focus on expanding high grade near surface mineralization identified at the Excelsior Zone, which was tested in early 2021 [...]
CANEX Metals Inc. is pleased to announce assay results have been received for the final 3 drill holes from the Company's winter 2021 reverse circulation drilling program at the Gold Range Project, Arizona. Highlights Hole GR21-46 from the historic Excelsior Mine returned 2.2 g/t gold over 18.3 metres, including 3.4 g/t gold over 10.7 metres. Holes GR21-47 returned 1.2 g/t gold over 15.2 metres, including 6.4 g/t gold over [...]
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