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carmax mining corp (CXM) Details

Carmax Mining Corp., a natural resource company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold, silver, and copper ores. It holds a 50% interest in the Whiskey Jack Creek gold property located in Cairo township, Matachewan area, Larder Lake mining district in the province of Ontario; and a 100% interest in the Eaglehead property consisting of 26 contiguous claims comprising 353 cells and 4 mineral units covering approximately 94 square kilometers located in the Liard Mining Division of the province of British Columbia. The company was formerly known as Carmax Explorations Ltd. and changed its name to Carmax Mining Corp. in August 2010. Carmax Mining Corp. was incorporated in 2000 and is headquartered in Vancouver, Canada.

Founded in 2000

carmax mining corp (CXM) Top Compensated Officers

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Compensation as of Fiscal Year 2013.

carmax mining corp (CXM) Key Developments

Carmax Mining Corp. Announces Results of Quantec Titan-24 DCIP Survey at its Eaglehead Copper-Molybdenum-Gold-Silver Project

Carmax Mining Corp. announced the results for the recently completed Quantec Titan-24 DCIP survey at its 100% owned Eaglehead copper-molybdenum-gold-silver project located in northwest British Columbia. Highlights: The chargeability anomaly consisting of two distinct chargeability signatures has been defined over a 5,600m long horizontal distance. From Line 1 to Line 8 (horizontal distance of 4,500m) a strong >20 mRad chargeability signature occurs that covers four of the six zones of mineralization identified to date. This signature is open to the northwest towards the West zone. The >20 mRad chargeability signature ranges from 500m to 1,000m wide, is open at depth below the -550m level and is surrounded by a >10mRad chargeability signature that changes in width along strike. The mineralization in the historical (where sampled) and current drill holes in the Pass, Camp, Bornite and East zones of mineralization (horizontal distance of 3,000m), either on or in proximity to the geophysical survey lines, shows a good correlation to the >20 mRad chargeability signature. On Line-9 and Line-10 (horizontal distance 1,100m) a distinct >10 mRad chargeability signature occurs that is approximately 1,000m wide and is open at depth below the -550m level. This chargeability signature has not been drill tested and is open to the southeast towards the mineralized zone referred to as the Far East zone, and the >10 mRad chargeability signature on Line-3 was tested by DDH 32 approximately 400m east of the >20 mRad chargeability contour.

Carmax Mining Corp. Announces an Update on Exploration on the Eaglehead Property

Carmax Mining Corp. announced an update on exploration and core re-logging activities and the commencement of the 2014 diamond drilling program on the Eaglehead property. SGS Canada Inc. located in Burnaby, British Columbia has been retained to complete the preliminary metallurgical test work on samples from the East and Bornite mineralized zones. Highlights: The first hole for exploration and metallurgical sampling purposes to obtain preliminary information on metal recoveries in the East zone is underway and currently at a depth of 485m; The second hole for exploration and metallurgical sampling purposes to obtain preliminary information on metal recoveries is planned for the Bornite zone; The results of the Titan-24 survey over the Pass, Camp, East, Bornite and Far East zones of mineralization (six km strike length) are expected before the end of August; The results for the recently completed airborne high sensitivity magnetic and radiometric survey is expected to be received before the end of August, and Four exploration holes (average 500m each) are planned to test of the extensions of East and Bornite zones as well as continuity of mineralization between the previously identified mineralized zone.

Carmax Mining Corp. Provides Progress Report on Summer Field Program on Eaglehead Property

Carmax Mining Corp. provided update on the Summer Exploration Program currently in progress on its Eaglehead property located in northern British Columbia and other corporate activities. The Quantec Titan-24 survey over a 5.6 kilometre long portion of the property that covers the East, Bornite, Camp and Pass mineralized zones has been completed. A total of 10 lines at a 600m line spacing has been completed. A new zone of oxide copper mineralization has been located east of the Camp and Pass zones. Preliminary work suggests that the zone is at least 600m long and 250m wide. This area has been covered by the Quantec Titan-24 survey. The mineral tenures being purchased from Copper Fox protects this new discovery to the east as well as favorable volcanic rock to the west. The mineral tenures are being acquired from Copper Fox at cost. The 2014 exploration program for the Eaglehead project has been expanded to include a high sensitivity airborne magnetic survey which is expected to commence within a few days.


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