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Canamex's Bruner Project is located in Nevada which is probably the top gold mining jurisdiction in the world on 500 acres of private land. This means they may have a shorter permitting timeline. Canamex has excellent infrastucture with grid power only 12 miles away and access to a highway. The metallurgy is excellent with high extractions using lower levels of reagents. They have a historical resource which is growing with a recent drill intercept of 57.9 meters of over 5 g/ton. They also have a new discovery on a different part of the property where they hit 110 meter of over 4 g/ton material. Could they be connected with high grade feeder systems? The investment by NYSE listed Hecla and Gold Resource Corp may signal that they feel there may be a good chance. Now with cash in hand Canamex has commenced diamond drilling at Bruner. Over 10k meters of drilling will take place in 2014 following up on the high grade feeder zone in the historic resource and the Penelas East Discovery. The company should have consistent good news flow over the next six months as they are putting $1.75 million into drilling. Eventually all this drilling data will be incorporated into a maiden 43-101 resource. Canamex is a very active junior gold explorer in mining friendly Nevada at a time when many juniors are dormant. It is at these turns in the gold market when the potential winners can be identified. Canamex President and COO Greg Hahn Comments:
"...the 2014 drilling program has the potential to significantly advance our efforts in proceeding to delineate our first National Instrument 43-101 mineral resource estimate on the Bruner gold project." I look forward to the active drilling season for this largely undiscovered junior gold miner in Nevada.
Disclosure: Author owns CNMXF and they are a website sponsor.
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