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 Inc. reports corporate and mineral-property developments centered on its ownership position in Gold Basin Resources Corporation. Company news has covered its take-up of Gold Basin shares under an all-share offer, its role as controlling shareholder, and related shareholder-meeting, proxy, court-order, and governance matters involving Gold Basin.
Updates also address Gold Basin property issues, including liabilities, loan and settlement matters, asserted joint-venture interests, regulatory-compliance concerns, and developments tied to an oxide gold district in northern Arizona. The recurring news themes are corporate control, mineral-asset preservation, shareholder actions, and the resolution of disputes affecting Gold Basin and its project interests.
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.