Canex Metals Stock Price, News & Analysis

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.

CANEX Metals Inc. has announced assay results from eight drill holes at its Gold Range Project in Arizona, revealing significant gold mineralization.

Notable findings include hole GR21-49 intersecting 0.5 g/t gold over 22.87 meters and GR21-60 showing 0.6 g/t gold over 9.14 meters. The ongoing drilling program has already completed 34 holes, confirming broad zones of alteration and quartz veining, suggesting potential expansion of the mineralized zone.

The project aims to test the expansion potential of the Excelsior, Eldorado, and Malco zones.

CANEX Metals Inc. has resumed reverse circulation drilling at its Gold Range Project in Arizona following a holiday break. The focus is on the Excelsior Zone, where hole GR21-57 intercepted 1.0 g/t gold over 59.45 metres, marking the longest continuous mineralization at the site. The drill program aims to complete around 50 holes across 5000 metres, with 30 holes already drilled. Preliminary results indicate a promising mineralized corridor, and ongoing exploration is expected to yield further updates in Q1 2022.

CANEX Metals has announced promising assay results from its ongoing drilling program at the Gold Range Project, Arizona, revealing significant gold mineralization. Noteworthy drill hole GR21-57 intersected 1.0 g/t gold over 59.45 metres, the longest continuous zone to date. Other highlights include 1.8 g/t gold over 19.8 metres in hole GR21-59. To date, 30 of the planned 50 holes have been completed, with drilling expected to continue into January 2022. These results are crucial for expanding the Excelsior zone and demonstrating the project's scale and potential.

CANEX Metals Inc. (OTC PINK:NOMNF) announced a non-brokered private placement of up to 6,500,000 shares at $0.10 each, aiming for gross proceeds of $650,000. The funds raised will primarily support drilling and exploration at the Gold Range Property in Arizona, which has demonstrated significant gold mineralization. Recent drilling results showed promising findings, including 0.9 g/t gold over 27.3 metres. The company is focused on further exploration and is awaiting regulatory approval for the financing.