Canex Metals Stock Price, News & Analysis

CANEX Metals Inc. has announced an increase in its non-brokered private placement due to strong shareholder demand, now offering up to 10,000,000 shares at $0.06 per share, aiming for gross proceeds of $600,000. The offering will be available to accredited investors and is subject to a four-month hold period and regulatory approval. Funds from this financing will support drilling and exploration at the Gold Range Property and provide general working capital. The Company notes this placement falls within the MI 61-101 exemption guidelines as it does not exceed 25% of its market capitalization.

CANEX Metals Inc. has announced a non-brokered private placement to raise up to $500,000 by offering 8,333,333 shares at $0.06 each. The shares will be available to accredited investors and will have a hold period of four months plus one day post-closing. Proceeds will be utilized for drilling and exploring the Gold Range Property and general working capital. The Gold Range project, located in Northern Arizona, is a promising oxide-gold target with notable drilling results including 1 g/t gold over 59.5 metres. The financing is pending regulatory approval.

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.