share_log

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

Canex 收購 Excelsior Mine 的 100% 所有權 2023 年勘探和韋斯特戈爾德發現
Accesswire ·  2023/11/29 07:30

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.

艾伯塔省卡爾加里/ACCESSWIRE/2023年11月29日/CANEX Metals Inc.(“CANEX” 或 “公司”)及其100%控股的亞利桑那州子公司CANEXCO Inc.欣然宣佈完成對Excelsior礦業的收購,並提供亞利桑那州金礦山項目2023年勘探的摘要。

Excelsior Mine Property Purchase Terms

Excelsior Mine 房地產購買條款

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.

該公司已通過發行8,694,170股CANEX股票並支付12萬美元現金,完成了從賣方手中收購Excelsior礦業100%權益的交易。賣方保留了1.5%的淨冶煉廠特許權使用費,而CANEX保留出售特許權使用費的優先權。該交易加上賣方已經擁有的CANEX股份,使他們擁有公司已發行股份的近9.9%的所有權。發行的股票的持有期爲四個月加一天或直到2024年3月28日。12萬美元的現金支付是通過出售CANEX持有的有價證券來籌集資金的,同時保留了公司資產負債表上的現金。

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項專利採礦權(私人土地所有權)和11項聯邦土地上的礦脈採礦權組成,位於公司較大的金礦山脈項目內。憑藉專利採礦權,除了礦產權外,該公司還收購了重要的地面基礎設施,包括兩座倉庫建築、一棟房屋和一口水井。現有基礎設施在幫助促進該項目的低成本勘探方面將非常有價值。

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."

公司總裁謝恩·埃伯特博士表示:“CANEX非常高興地歡迎供應商成爲公司的主要股東。該收購協議和取消最初的期權協議是推動極具前景的Gold Range Project向前邁出的關鍵一步,因爲它取消了各種截止日期,並在未來3.5年內減少了多達350萬加元的潛在支出和付款,同時最大限度地減少了投資者的攤薄風險。在市場條件允許的情況下,CANEX現在完全有能力推進合併後的項目,並指導整個房地產一攬子項目的勘探工作。”

Figure 1. Photograph of the Excelsior patent claim purchased by CANEX showing warehouses and mine buildings included with the property.
圖 1。CANEX購買的Excelsior專利申請的照片,顯示了該財產中包含的倉庫和礦山建築物。

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,該公司收集了387個土壤和95個岩石樣本,提出了17個新的採礦索賠,並鑽了24個反循環孔,鑽孔深度爲3150.9米。2023年的地表測繪和採樣擴大了已知的金異常並確定了新的鑽探目標,這項工作最終在WestGold發現了一個新的鑽探發現,該鑽探發現有可能在至少400 x 300米的區域內容納一個相當大的近地表散裝噸位金礦化區域。WestGold 的 GR23-120 洞在超過 35 米處返回 0.7 克/噸黃金,其中包括超過 10.67 米的 1.9 克/噸黃金(此前已發佈,參見 2023 年 5 月 8 日的新聞稿),該區域在 CANEX 2023 年計劃之前從未鑽探過。對WestGold礦化的識別和鑽探測試已將Gold Range礦產主要礦化趨勢的已知走向長度延長至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 年的鑽探繼續證實了 Excelsior Zone 的規模和強勁品位,例如在 GR-23-131 孔超過 6.10 米處返回 4.1 克/噸黃金,在 GR23-136 孔超過 15.24 米處返回 1.0 克/噸黃金。在East Excelsior Target的鑽探證實,沿走向(和開放區域)有一個長達75米、至少200米的潛在區域,有望實現金礦化。該地區的首次鑽探在4.6米處與1.1克/噸的黃金相交,在3.1米以上的金相交2.3克/噸(此前已發佈,見2023年7月5日新聞稿)。

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,該公司宣佈在 Shaft Target 發現了一個新的鑽頭,GR22-110 孔在 27.44 米處返回 1.1 克/噸黃金(此前已發佈,見 2023 年 1 月 23 日新聞稿)。

Plans for 2024

2024 年的計劃

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.

隨着最初的Excelsior協議中的支出要求和時間表的取消,CANEX完全有能力在市場條件允許的情況下推進Gold Range項目。由於企業消耗率低,能夠進行低成本的地表勘探,公司有足夠的營運資金在2024日曆年及以後運營,無需融資即可在Gold Range進行可測的低成本地表勘探計劃。該公司的近期和中期目標將包括以低成本推進表面目標,爲在市場條件允許的情況下進行鑽探測試做準備。

Figure 2. Gold Range Property map showing the Excelsior Mine Property which includes 11 lode mining claims and 2 patented claims purchased 100% by CANEX.
圖 2。Gold Range Property地圖顯示了Excelsior礦山的財產,其中包括11項礦脈開採索賠和2項由CANEX100%購買的專利索賠。

About Gold Range

關於黃金山脈

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項目是一個新的散裝噸位氧化物-金靶區,位於亞利桑那州北部未開發的變質地形中。CANEX 沿着一個極具前景的區域規模結構控制 5 千米的走向長度,該結構通過地表採樣、測繪和反循環鑽探來定義礦化。地面工作定義的主要勘探目標長4000米,寬度可達500米,並確定了多個平行下勘探目標。在盆地掩護下,目標區域沿着打擊方向保持開放。CANEX的鑽探取得了強勁的結果,包括超過59.5米的1克/噸黃金,35.1米以上的1.6克/噸黃金,24.4米以上的2.2克/噸黃金,62.5米以上的0.3克/噸黃金。

About CANEX Metals

關於 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)是一家加拿大初級勘探公司,專注於推進其在亞利桑那州北部100%擁有的Gold Range項目。迄今爲止,Gold Range Project在4公里長的金礦化趨勢下發現了幾處近地表散裝噸位的黃金,對投資者來說是一個引人注目的早期機會。CANEX由一支經驗豐富的管理團隊領導,該團隊在北美髮現了三處顯著的斑岩和散裝噸位,並由該公司的大股東Altius Minerals(多倫多證券交易所股票代碼:ALS)提供贊助。

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,他已批准本新聞稿中包含的技術披露。

"Shane Ebert"

“肖恩·埃伯特”

Shane Ebert
President/Director

肖恩·埃伯特
總裁/導演

For Further Information Contact:

欲了解更多信息,請聯繫:

Shane Ebert at 1.250.964.2699 or
Jean Pierre Jutras at 1.403.233.2636
Web:

Shane Ebert 爲 1.250.964.2699 或
Jean Pierre Jutras 致電 1.403.233.2636
網頁:

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.

多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險投資交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。

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.

除此處包含的歷史和當前事實信息外,本新聞稿中列出的事項,包括 “期望”、“項目”、“計劃”、“預期” 和類似表述等詞語,均爲前瞻性信息,代表了CANEX Metals Inc.管理層對未來經營業績及其各個組成部分或CANEX經濟表現等方面的內部預測、預期或信念。此類前瞻性陳述中包含的預測、估計和信念必然涉及已知和未知的風險和不確定性,這可能導致CANEX未來時期的實際業績和財務業績與此類前瞻性陳述所表達或暗示的對未來業績或業績的任何預測存在重大差異。除其他外,這些風險和不確定性包括CANEX向加拿大證券當局提交的文件中描述的風險和不確定性。因此,提醒CANEX股票的持有人和潛在投資者,事件或情況可能導致業績與預期的結果存在重大差異。CANEX對更新這些前瞻性陳述不承擔任何責任。

SOURCE: CANEX Metals Inc.

來源:CANEX Metals Inc.


View source version on accesswire.com:
在 accesswire.com 上查看源代碼版本:

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
    搶先評論