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 presented drill data compilation results from the Louise Cu-Au Porphyry project in British Columbia. The historic drilling has identified a mineralized zone measuring 1000 metres long by 400 metres wide, extending to a depth of approximately 300 metres. Notably, hole LL04-03 returned an interval of 158 metres grading 0.41% copper and 0.40 g/t gold starting at 53.5 metres downhole.
The company proposes a deep-looking induced polarization (IP) survey that could potentially explore up to 1000 metres deep across 6 to 7 kilometres of strike length. This survey is considered important for evaluating the discovery potential of the Louise project. CANEX believes there is excellent discovery potential laterally and vertically surrounding the known copper-gold zone.
Canex Metals Inc. (NOMNF) held its Annual & Special Meeting on August 6, 2024, where shareholders made key decisions for the company's governance. The meeting resulted in the re-election of five directors to the Board: Shane Ebert, Jean-Pierre Jutras, Lesley Hayes, Gregory Hanks, and Blair Schultz. Shareholders also approved maintaining the Board size at five members and ratified the company's stock option plan. Additionally, BDO Canada LLP was appointed as the company's auditors. These decisions reflect continuity in Canex's leadership and financial oversight, which could be significant for investors considering the company's future direction and governance structure.
CANEX Metals announced successful surface sampling at its Gold Range Project in Arizona, identifying multiple new areas of gold mineralization. The program collected 151 samples, revealing high-grade gold across three new zones.
Highlights include 19.4 g/t gold over 3 meters in an eastern zone, 11.2 g/t gold in a new area north of Excelsior, and 5.05 g/t gold in a west-central quartz vein. The WestGold target expanded to 800m by 400m, showing bulk tonnage potential with grades up to 6.67 g/t gold from grab samples. Drill testing is planned as market conditions improve.
Overall, the March program significantly expanded exploration targets, with the WestGold area now fully permitted for drilling.
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