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Thursday, 15 August 2013
Canamex Resources stakes 90 new claims at Bruner gold project
Canamex Resources (CVE:CSQ) said it has staked a total of 90 new unpatented lode mining claims at its Bruner gold project in Nye County, Nevada.
Sixty claims were staked to cover the mineral rights on the west side of the property, which is closer to the NV Energypower transformer and a take-off point for a distribution line located in Gabbs, Nevada.
Canamex said the location is ideal for all-weather heap leaching and construction of the shortest possible power distribution line to the property.
Additionally, the Vancouver-based company staked 30 unpatented lode mining claims covering open fractions that "secure the company's mineral tenure over the gold deposits."
Its land position at Bruner now spans about 15 square kilometers.
Canamex has paid all maintenance fees to The Bureau of Land Management for the newly-staked claims and has completed new topographic mapping and aerial mapping of the property, paving the way to "establishing a maiden NI 43-101 mineral resource" as it prepares for a preliminary economic assessment next year.
Last year, Canamex drilled a total of 20 holes at its Penelas East high grade target, which averaged 48 metres of thickness and 1.41 grams of gold. Drill hole B-1301 hit 91.4 metres of 3.1 grams per tonne (g/t) gold, including 1.5 metres of 117 g/t gold and 396 g/t silver, in what is believed to be the "second best intercept ever drilled" on the asset.
The company is garnering attention from more senior miners like Hecla Mining (NYSE:HL), which has invested $2.52 million towards a 15 per cent stake in the junior explorer. It recently announced the appointment of Hecla’s senior VP of exploration, Dr. Dean McDonald, to its board of directors.