Welcome to our dedicated page for Canex Metals news (Ticker: NOMNF), a resource for investors and traders seeking the latest updates and insights on Canex Metals stock.
Canex Metals (NOMNF) is a Canadian junior exploration company actively advancing its Gold Range oxide gold project in Arizona and Louise copper-gold porphyry system in British Columbia. This page aggregates official announcements, technical updates, and strategic developments related to their mineral exploration programs.
Investors and industry observers will find timely updates on drilling results, geophysical survey interpretations, permitting milestones, and partnership announcements. The curated news collection covers essential developments including:
• Project-specific exploration progress
• Technical methodology updates
• Resource definition advancements
• Strategic financing initiatives
All content is sourced from company disclosures and vetted for factual accuracy. Bookmark this page for efficient tracking of Canex Metals' operational developments across both exploration portfolios.
CANEX Metals Inc. has announced the commencement of exploration drilling at its Gold Range Project in Arizona, focusing on three high-priority targets with significant discovery potential.
Key highlights include:
- The expansion of the WestGold soil anomaly, measuring 425m by 150m, representing the strongest gold anomaly to date.
- Recent high-grade assay results confirm gold grades up to 57.5 g/t.
- A permit amendment allowing drilling at WestGold, with 4 holes planned.
- Newly mapped mineralized zones parallel to Excelsior with grades up to 21.5 g/t.
The drilling program aims for 15 holes across these promising areas.
CANEX Metals announces significant findings from 11 reverse circulation drill holes at the Gold Range Project in Arizona. Notably, hole GR22-110 revealed a new gold mineralization zone with an intersection of 1.1 g/t gold over 27.44 metres, including 1.7 g/t gold over 15.24 metres. This area appears to be part of a new gold trend located northeast of the Central Zone. Additionally, recent drilling has expanded the Excelsior Zone's mineralization width by 75 metres, indicating further exploration potential. Field crews are preparing to drill test emerging targets.
CANEX Metals Inc. announced significant drilling progress at its Gold Range Project in Arizona. Highlights include the discovery of a new mineralized zone at the Excelsior Zone intersecting 1.4 g/t gold over 6.09 metres. The Eldorado Zone was expanded by 75 metres, showcasing potential for a large near-surface oxide gold zone. Additionally, a new GoldWest Target was identified, offering further exploration opportunities. The company plans further drilling as remaining assay results are awaited.
CANEX Metals has announced significant exploration results from its Gold Range Project in Arizona, identifying a new gold anomaly named GoldWest. This anomaly spans 400 metres in length and 125 metres in width, with gold values between 122 to 612 parts per billion. Additionally, CANEX has acquired a lode mining claim for US$20,000, adjacent to this anomaly, previously a small-scale gold producer. The company aims to further explore this region, with drill testing expected in early 2023 as results from 18 drill holes remain pending.
CANEX Metals Inc. announced positive results from 11 reverse circulation drill holes at the Gold Range Project in Arizona. The highlights include a new discovery at the Central Zone with hole GR22-91 returning 0.7 g/t gold over 9.15 metres and overall mineralization of 27.44 metres grading 0.6 g/t gold. Other significant results were reported at Lillian and Excelsior. Additionally, CANEX secured an amended exploration permit for constructing 40 more drill pads, boosting exploration potential.
CANEX Metals is excited to report favorable results from 10 reverse circulation drill holes at the Eldorado Zone within the Gold Range Project in Arizona. Highlights include:
- Hole GR21-73: 1.8 g/t gold over 6.1 meters within 30.5 meters at 0.6 g/t.
- Hole GR21-77 showed 5 mineralized horizons, including 1.1 g/t gold over 7.6 meters.
- Drilling at Gold Range has resumed with 18 assay results pending from various targets.
The project has demonstrated potential for multiple stacked mineralized zones, indicating significant expansion possibilities.
CANEX Metals announced a C$2.5 million private placement with Michael Gentile acquiring a 10.5% stake. Blair Schultz joins the Board of Directors, investing further to hold a 5.3% share. Altius Minerals will retain a 7.4% stake post-financing. Funds will advance exploration at the Gold Range property, targeting a 3.2 km long mineralized corridor. 68 drill holes confirm oxide gold mineralization, with assays for 28 holes pending. This financing positions CANEX strongly for future exploration, emphasizing their potential in the junior mining sector.
CANEX Metals has announced promising assay results from its recent drilling at the Gold Range Project in Arizona. The highlights include:
- Hole GR21-63: 0.5 g/t gold over 22.87 meters.
- Hole GR21-64: 1.1 g/t gold over 10.67 meters.
- Strong continuity of gold mineralization with potential expansion.
Results from 28 additional drill holes are pending, suggesting further exploration potential. The drilling program has exceeded the planned length, indicating a robust exploration effort.
CANEX Metals (OTC PINK:NOMNF) has reported promising exploration results from its Gold Range Project in Arizona. Surface sampling of 670 soil and 42 rock samples has revealed a 3.2-kilometre oxide gold anomaly, with rock samples showing grades up to 66.6 g/t gold. The company staked 40 new claims to cover the identified mineralized trends, highlighting potential for further discovery. Notably, drilling is ongoing, with results from 34 drill holes still pending. The results enhance confidence in expanding gold resources at the site.
CANEX Metals Inc. held its Annual & Special Meeting on February 24, 2022, where directors Shane Ebert, Jean-Pierre Jutras, Lesley Hayes, and Gregory Hanks were re-elected. Shareholders approved key resolutions, including maintaining four directors and appointing BDO Canada LLP as Auditors. Concurrently, a reverse circulation drill program is in progress at the Gold Range property in Arizona, encompassing 45 holes and 4600 metres of drilling. The focus is on exploring multiple zones, with results for 32 drill holes still pending.
