Last C$0.16 CAD
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canamex resources corp (CSQ) Snapshot

Open
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Previous Close
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52 Week High
07/9/14 - C$0.22
52 Week Low
10/16/13 - C$0.04
Market Cap
19.4M
Average Volume 10 Days
778.4K
EPS TTM
C$-0.01
Shares Outstanding
121.1M
EX-Date
--
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Current Stock Chart for CANAMEX RESOURCES CORP (CSQ)

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canamex resources corp (CSQ) Details

Canamex Resources Corp., a resource exploration company, engages in the discovery and development of mineral assets. It has an option to acquire up to a 75% interest in the Nevada Bruner Gold project that is located in Nye county, Nevada, the United States; and an option to acquire 100% interest in Aranka North property located in Guyana, South America. The company was formerly known as Canamex Silver Corp. and changed its name to Canamex Resources Corp. in October 2010. Canamex Resources Corp. was founded in 1987 and is headquartered in Vanocuver, Canada.

Founded in 1987

canamex resources corp (CSQ) Top Compensated Officers

Vice Chairman, Interim Chief Executive Office...
Total Annual Compensation: --
Chief Financial Officer and Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

canamex resources corp (CSQ) Key Developments

Canamex Resources Corp. Announces Ongoing Results from Reverse Circulation Drilling at the Bruner Gold Project

Canamex Resources Corp. announced ongoing results from reverse circulation drilling at the Bruner Gold Project located in Nye County, Nevada. RC Hole B1430: Reverse circulation drill hole B1430, drilled into the old Penelas Mine Zone, located roughly halfway between the historic resource area and the new discovery area at Penelas East, intersected 4.6 metres (15 feet) grading 11.1 g/tonne Au (0.324 oz/ton Au) with a wider zone of 19.8 metres (65 feet) grading 3.24 g/tonne au (0.095 opt Au). As the drilling cut the Penelas Vein structure visible gold was observed in the cuttings during the drilling and visible gold was panned from the drill cuttings reject stream. Metallic screen assays are in progress to test the accuracy of the fire assay data reported here. This is the first drill hole to intersect the plane of the Penelas Vein structure at the depths where it was mined historically. The Penelas Vein structure was the focus of historic mining between 1929 and 1941, which produced roughly 100,000 tons of material grading 0.34 oz/ton Au and 2.5 oz/ton Ag. This material was processed in a small 50 ton per day agitation leach cyanidation circuit. Sampling by Canamex of remaining tailings suggests calculated extractions of 95% for gold and 60% for silver for the historic production. Two additional holes were drilled into the Penelas Vein structure at similar depths (B1433 and B1434). Drill hole B1433 also intersected the vein from 720,735 feet and samples from this intercept are currently in the laboratory for analyses. Drill hole B1434 unfortunately penetrated old workings where the vein was projected, indicating the highgrade intercept in that location had already been mined. Further drilling on the vein will be planned once all of the data are in and evaluated in the context of permitted access. Several other drill holes were drilled in the plane of the section of the drill hole B1430 but they were much higher up the dip of the Penelas vein structure. These shallower holes intersected the vein, but these intersections are much thinner (1.5 metres [5 feet]), or less, and lower in grade, as in upper levels of the old Penelas Mine workings.

Canamex Resources Corp. Announces Ongoing Results from Reverse Circulation Drilling at Bruner Gold Project

Canamex Resources Corp. announced ongoing results from reverse circulation drilling at the Bruner Gold Project located in Nye County, Nevada. RC Hole B-1419: reverse circulation drill hole B-1419, drilled at the historic resource area intersected 175 feet (53.4 metres) grading 0.054 oz/ton Au (1.84 g/tonne Au) from 215-390 feet (65.5-118.9 metres) depth, within an aggregate interval of 295 feet (89.9 metres) from 55-125 feet (16.8-38.1 metres) and 215-440 feet (65.5-134.1 meters) grading 0.035 oz/ton (1.21 g/tonne) Au. This intercept connects mineralized intervals drilled in holes B-1404C and B-1416 and reported previously. The cross section displaying the drill hole results demonstrates the gold mineralized zone trends to surface above the reported intercepts. RC Hole B-1418: reverse circulation drill hole B-1418 was drilled below hole B-1419, and intersected the mineralized zone about 75 feet below the reported intercept in hole B-1419. Hole B-1418 intersected multiple mineralized zones totaling 250 feet grading 0.024 oz/ton (76.2 metres grading 0.82 g/tonne). On the section containing these two holes, the main mineralized zone is approximately 210 feet (64.0 metres) wide, 320 feet (97.6 metres) thick, and lies within 20 feet of surface. The Main Mineralized Zone of the historic resource area remains open along strike to the north and is largely untested by drilling. Work is underway to assess the best access to drill stations to continue drilling the northern extension of this mineralized zone.

Canamex Resources Corp. Announces Drilling Results at Bruner Gold Project, Nevada

Canamex Resources Corp. announced ongoing results from reverse circulation drilling at the Bruner Gold Project located in Nye County, Nevada. Historic Resource Area: RC Hole B-1414: Reverse circulation drill hole B-1414, drilled at the historic resource area intersected 155 feet (47.3 metres) grading 0.044 oz/ton Au (1.5 g/tonne Au) from 160-315 feet (48.8-96.0 metres) depth, within an interval of 375 feet (114.3 metres) from 20-395 feet (6.1-120.4 metres) grading 0.025 oz/ton (0.87 g/tonne) Au. The intercept demonstrates that the gold zone comes to surface at this location of the main mineralized zone, which is corroborated by surface sampling along the trace of this drill hole. A plan view map will be posted to the web site that displays the location of all holes drilled to date at the historic resource area. RC Hole B-1415: Reverse circulation drill hole B-1415 was drilled above hole B-1414, and intersected the mineralized zone about 75 feet above the 240-245 feet intercept in hole B-1414. Hole B-1415 intersected multiple mineralized zones totaling 90 feet grading 0.014 oz/ton (27.4 metres grading 0.49 g/tonne). RC Hole B-1416: Reverse circulation drill hole B-1416, drilled at the historic resource area intersected 375 feet (114.3 metres) grading 0.029 oz/ton Au (1.00 g/tonne Au) from 50-425 feet (15.2-129.6 metres) depth, including an interval from 320-325 feet (97.6-99.1 metres) grading 0.90 oz/ton (30.9 g/tonne) Au. RC Hole B-1417: Reverse circulation drill hole B-1417 was drilled above hole B-1416, and intersected the mineralized zone about 80 feet above the 320-325 feet intercept in hole B-1416. Hole B-1417 intersected multiple mineralized zones totaling 230 feet grading 0.016 oz/ton (70.12 metres grading 0.55 g/tonne).

 

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