Canex Acquires 100% Ownership of The Excelsior Mine Property Highlights 2023 Exploration and Westgold Discovery
Canex Acquires 100% Ownership of The Excelsior Mine Property Highlights 2023 Exploration and Westgold Discovery
CALGARY, AB / ACCESSWIRE / November 29, 2023 / CANEX Metals Inc. ("CANEX" or the "Company") and its 100% owned Arizona subsidiary CANEXCO Inc. are pleased to announce the completion of the Excelsior Mine Property purchase and provide a summary of 2023 Exploration at the Gold Range Project, Arizona.
艾伯塔省卡尔加里/ACCESSWIRE/2023年11月29日/CANEX Metals Inc.(“CANEX” 或 “公司”)及其100%控股的亚利桑那州子公司CANEXCO Inc.欣然宣布完成对Excelsior矿业的收购,并提供亚利桑那州金矿山项目2023年勘探的摘要。
Excelsior Mine Property Purchase Terms
Excelsior Mine 房地产购买条款
The Company has completed the purchase of a 100% interest in the Excelsior Mine Property from the Vendors by issuing 8,694,170 CANEX shares and paying US$120,000 in cash. The Vendors retained a 1.5% net smelter royalty, with CANEX retaining a right of first refusal on the sale of the royalty. This transaction, plus CANEX shares already owned by the Vendors, gives them just under 9.9% ownership of the issued shares of the Company. The shares issued will be subject to a hold period of four months plus one day or until March 28, 2024. The US$120,000 cash payment has been funded through the sale of marketable securities that were held by CANEX while preserving cash on the company's balance sheet.
该公司已通过发行8,694,170股CANEX股票并支付12万美元现金,完成了从卖方手中收购Excelsior矿业100%权益的交易。卖方保留了1.5%的净冶炼厂特许权使用费,而CANEX保留出售特许权使用费的优先权。该交易加上卖方已经拥有的CANEX股份,使他们拥有公司已发行股份的近9.9%的所有权。发行的股票的持有期为四个月加一天或直到2024年3月28日。12万美元的现金支付是通过出售CANEX持有的有价证券来筹集资金的,同时保留了公司资产负债表上的现金。
The Excelsior Mine Property consists of 2 patented mining claims (private land ownership) and 11 lode mining claims on Federal land and sits within the Company's larger Gold Range Project. With the patented mining claims, in addition to mineral rights, the Company also acquires significant surface infrastructure including two warehouse buildings, a house, and a water well. This existing infrastructure will be highly valuable in helping to facilitate low-cost exploration at the project.
Excelsior Mine Property由2项专利采矿权(私人土地所有权)和11项联邦土地上的矿脉采矿权组成,位于公司较大的金矿山脉项目内。凭借专利采矿权,除了矿产权外,该公司还收购了重要的地面基础设施,包括两座仓库建筑、一栋房屋和一口水井。现有基础设施在帮助促进该项目的低成本勘探方面将非常有价值。
Dr. Shane Ebert President of the Company stated, "CANEX is very pleased to welcome the Vendors as major shareholders of the Company. This purchase agreement and the elimination of the original option agreement is a key step in moving the highly prospective Gold Range Project forward, as it removes various deadlines and eliminates up to C$3.5 million in potential expenditures and payments over the next 3.5 years while minimizing dilution for investors. CANEX is now well-positioned to advance the consolidated Project as market conditions allow and direct exploration efforts across the entire property package."
公司总裁谢恩·埃伯特博士表示:“CANEX非常高兴地欢迎供应商成为公司的主要股东。该收购协议和取消最初的期权协议是推动极具前景的Gold Range Project向前迈出的关键一步,因为它取消了各种截止日期,并在未来3.5年内减少了多达350万加元的潜在支出和付款,同时最大限度地减少了投资者的摊薄风险。在市场条件允许的情况下,CANEX现在完全有能力推进合并后的项目,并指导整个房地产一揽子项目的勘探工作。”
2023 Exploration Summary
2023 年探索摘要
During 2023 the Company collected 387 soil and 95 rock samples, staked 17 new mining claims, and drilled 24 reverse circulation holes for 3150.9 metres of drilling. Surface mapping and sampling in 2023 expanded known gold anomalies and identified new drill targets, with the work culminating in a new drill discovery at WestGold which is showing potential to host a sizable zone of near surface bulk tonnage gold mineralization over an area at least 400 by 300 metres. Hole GR23-120 at WestGold returned 0.7 g/t gold over 35 metres including 1.9 g/t gold over 10.67 metres (previously released see May 8, 2023 news release) in an area that had never been drilled prior to CANEX's 2023 program. The identification and drill testing of the WestGold mineralization has extended the known strike length of the main mineralized trend on the Gold Range property to 4 kilometres.
2023年,该公司收集了387个土壤和95个岩石样本,提出了17个新的采矿索赔,并钻了24个反循环孔,钻孔深度为3150.9米。2023年的地表测绘和采样扩大了已知的金异常并确定了新的钻探目标,这项工作最终在WestGold发现了一个新的钻探发现,该钻探发现有可能在至少400 x 300米的区域内容纳一个相当大的近地表散装吨位金矿化区域。WestGold 的 GR23-120 洞在超过 35 米处返回 0.7 克/吨黄金,其中包括超过 10.67 米的 1.9 克/吨黄金(此前已发布,参见 2023 年 5 月 8 日的新闻稿),该区域在 CANEX 2023 年计划之前从未钻探过。对WestGold矿化的识别和钻探测试已将Gold Range矿产主要矿化趋势的已知走向长度延长至4千米。
Drilling in 2023 continued to confirm the size and strong grades at the Excelsior Zone, returning intervals such as 4.1 g/t gold over 6.10 metres in hole GR-23-131, and 1.0 g/t gold over 15.24 metres in hole GR23-136. Drilling at the East Excelsior Target confirmed a prospective zone up to 75 metres and at least 200 metres along strike (and open) that is prospective for gold mineralization. First pass drilling in the area intersected 1.1 g/t gold over 4.6 metres and 2.3 g/t gold over 3.1 metres (previously released see July 5, 2023 News Release).
2023 年的钻探继续证实了 Excelsior Zone 的规模和强劲品位,例如在 GR-23-131 孔超过 6.10 米处返回 4.1 克/吨黄金,在 GR23-136 孔超过 15.24 米处返回 1.0 克/吨黄金。在East Excelsior Target的钻探证实,沿走向(和开放区域)有一个长达75米、至少200米的潜在区域,有望实现金矿化。该地区的首次钻探在4.6米处与1.1克/吨的黄金相交,在3.1米以上的金相交2.3克/吨(此前已发布,见2023年7月5日新闻稿)。
In January 2023 the Company announced a new drill discovery at the Shaft Target with hole GR22-110 returning 1.1 g/t gold over 27.44 metres (previously released see Jan 23, 2023 News Release).
2023 年 1 月,该公司宣布在 Shaft Target 发现了一个新的钻头,GR22-110 孔在 27.44 米处返回 1.1 克/吨黄金(此前已发布,见 2023 年 1 月 23 日新闻稿)。
Plans for 2024
2024 年的计划
With the spending requirements and timelines in the original Excelsior Agreement removed, CANEX is well-positioned to advance the Gold Range project as market conditions allow. With a low corporate burn rate and the ability to conduct low-cost surface exploration, the Company has sufficient working capital to operate for calendar year 2024 and beyond and conduct measured low-cost surface exploration programs at Gold Range without the need for financing. The Company's near and mid term objectives will include low-cost advancement of surface targets in preparation for drill testing to be conducted once market conditions allow.
随着最初的Excelsior协议中的支出要求和时间表的取消,CANEX完全有能力在市场条件允许的情况下推进Gold Range项目。由于企业消耗率低,能够进行低成本的地表勘探,公司有足够的营运资金在2024日历年及以后运营,无需融资即可在Gold Range进行可测的低成本地表勘探计划。该公司的近期和中期目标将包括以低成本推进表面目标,为在市场条件允许的情况下进行钻探测试做准备。
About Gold Range
关于黄金山脉
The Gold Range project is a new bulk-tonnage oxide-gold target located within an underexplored metamorphic terrain in Northern Arizona. CANEX controls 5 kilometres of strike length along a highly prospective district scale structure where mineralization is being defined through surface sampling, mapping, and reverse circulation drilling. The main exploration target defined by surface work is 4000 metres long by up to 500 metres wide with multiple subparallel exploration targets identified. The target zone remains open along strike under basin cover. Drilling by CANEX has returned strong results including 1 g/t gold over 59.5 metres, 1.6 g/t gold over 35.1 metres, 2.2 g/t gold over 24.4 metres, and 0.3 g/t gold over 62.5 metres.
Gold Range项目是一个新的散装吨位氧化物-金靶区,位于亚利桑那州北部未开发的变质地形中。CANEX 沿着一个极具前景的区域规模结构控制 5 千米的走向长度,该结构通过地表采样、测绘和反循环钻探来定义矿化。地面工作定义的主要勘探目标长4000米,宽度可达500米,并确定了多个平行下勘探目标。在盆地掩护下,目标区域沿着打击方向保持开放。CANEX的钻探取得了强劲的结果,包括超过59.5米的1克/吨黄金,35.1米以上的1.6克/吨黄金,24.4米以上的2.2克/吨黄金,62.5米以上的0.3克/吨黄金。
About CANEX Metals
关于 CANEX Metals
CANEX Metals (TSX.V:CANX) is a Canadian junior exploration company focused on advancing it's 100% owned Gold Range Project in Northern Arizona. With several near surface bulk tonnage gold discoveries made to date across a 4 km gold mineralized trend, the Gold Range Project is a compelling early stage opportunity for investors. CANEX is led by an experienced management team which has made three notable porphyry and bulk tonnage discoveries in North America and is sponsored by Altius Minerals (TSX: ALS), a large shareholder of the Company.
CANEX Metals(TSX.V: CANX)是一家加拿大初级勘探公司,专注于推进其在亚利桑那州北部100%拥有的Gold Range项目。迄今为止,Gold Range Project在4公里长的金矿化趋势下发现了几处近地表散装吨位的黄金,对投资者来说是一个引人注目的早期机会。CANEX由一支经验丰富的管理团队领导,该团队在北美发现了三处显著的斑岩和散装吨位,并由该公司的大股东Altius Minerals(多伦多证券交易所股票代码:ALS)提供赞助。
Dr. Shane Ebert P.Geo., is the Qualified Person for CANEX Metals and has approved the technical disclosure contained in this news release.
Shane Ebert P.Geo. 博士是CANEX Metals的合格人士,他已批准本新闻稿中包含的技术披露。
"Shane Ebert"
“肖恩·埃伯特”
Shane Ebert
President/Director
肖恩·埃伯特
总裁/导演
For Further Information Contact:
欲了解更多信息,请联系:
Shane Ebert at 1.250.964.2699 or
Jean Pierre Jutras at 1.403.233.2636
Web:
Shane Ebert 为 1.250.964.2699 或
Jean Pierre Jutras 致电 1.403.233.2636
网页:
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多伦多证券交易所风险投资交易所及其监管服务提供商(该术语在多伦多证券交易所风险投资交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of CANEX Metals Inc. internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of CANEX. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause CANEX's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in CANEX's filings with the Canadian securities authorities. Accordingly, holders of CANEX shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. CANEX disclaims any responsibility to update these forward-looking statements.
除此处包含的历史和当前事实信息外,本新闻稿中列出的事项,包括 “期望”、“项目”、“计划”、“预期” 和类似表述等词语,均为前瞻性信息,代表了CANEX Metals Inc.管理层对未来经营业绩及其各个组成部分或CANEX经济表现等方面的内部预测、预期或信念。此类前瞻性陈述中包含的预测、估计和信念必然涉及已知和未知的风险和不确定性,这可能导致CANEX未来时期的实际业绩和财务业绩与此类前瞻性陈述所表达或暗示的对未来业绩或业绩的任何预测存在重大差异。除其他外,这些风险和不确定性包括CANEX向加拿大证券当局提交的文件中描述的风险和不确定性。因此,提醒CANEX股票的持有人和潜在投资者,事件或情况可能导致业绩与预期的结果存在重大差异。CANEX对更新这些前瞻性陈述不承担任何责任。
SOURCE: CANEX Metals Inc.
来源:CANEX Metals Inc.