CANEX Metals Inc. and its 100% owned Arizona subsidiary CANEXCO Inc. are pleased to announce that the terms of the Excelsior Mine Property option agreement have been amended. The Excelsior Mine Property consists of 11 lode mining claims and 2 patented mining claims covering 3 past producing historic gold mines, located within the Company's larger Gold Range Project in Arizona. Over the past 2 years CANEX has drilled 72 [...]
CANEX Metals Inc. is pleased to announce results from 19 reverse circulation drill holes from multiple targets across the Gold Range Project, Arizona. This drilling has intersected strong gold mineralization within the Excelsior Zone and demonstrates a new area with good gold potential at East Excelsior, located immediately east of Excelsior. Highlights Hole GR23-131 at the Excelsior Zone intersected 4.1 g/t gold over [...]
CANEX Metals Inc. is pleased to report that at its Annual & Special Meeting, held on May 26, 2023, Shane Ebert, Jean-Pierre Jutras, Lesley Hayes, Gregory Hanks and Blair Schultz were re-elected to the Board of Directors. Shareholders also approved fixing the number of directors at five, the appointment of BDO Canada LLP as Auditors and ratified Canex's stock option plan. CANEX recently completed a 24 hole reverse [...]
CANEX Metals Inc. is pleased to announce results from 5 reverse circulation drill holes from the maiden drill test of the WestGold Target at the Gold Range Project, Arizona. Highlights The first holes ever drilled into the WestGold Target have resulted in a new drill discovery with hole GR23-120 returning 0.7 g/t gold over 35 metres including 1.9 g/t gold over 10.67 metres and 2.5 g/t gold over 7.6 metres Hole GR23-118 [...]
The press release issued on April 3, 2023 by CANEX Metals Inc. contained an error in the wording and should have said raised C$600,000 not C$600,000 million and Common Shares not Common Units. The completed and corrected release follows: CANEX Metals Inc. is pleased to announce that it has closed its previously announced C$600,000 private placement. The Company will use the proceeds of the financing to advance its Gold [...]
CANEX Metals Inc. is pleased to announce that it has closed its previously announced C$600,000 million private placement. The Company will use the proceeds of the financing to advance its Gold Range Project located in northern Arizona, including a significant expansion to the Reverse Circulation drill program that is currently in progress. Highlights Strong investor support to expand CANEX's current exploration efforts at [...]
CANEX Metals Inc. is pleased to announce that due to strong shareholder demand the Company has increased its previously announced non-brokered private and will now offer up to 10,000,000 shares at a price of $0.06 per Common Share for gross proceeds of up to $600,000. The shares will be offered on a non-brokered basis by way of private placement to accredited investors and any securities issued will be subject to a hold [...]
CANEX Metals Inc. is pleased to announce a non-brokered private placement of up to 8,333,333 shares at a price of $0.06 per Common Share for gross proceeds of up to $500,000. The shares will be offered on a non-brokered basis by way of private placement to accredited investors and any securities issued will be subject to a hold period of four months plus one day from the date of closing. This financing is subject to TSX [...]
Three New High Priority Exploration Targets to be Tested CANEX Metals Inc. is pleased to announce that exploration drilling at the Gold Range Project, Arizona, will commence this week focusing on new exploration targets with excellent discovery potential. New surface exploration results supporting these targets is also presented. Highlights Reverse circulation drilling will resume at Gold Range this week, focusing on [...]
CANEX Metals Inc. is pleased to announce the results from 11 reverse circulation drill holes from the Gold Range Project, Arizona, and the commencement of a surface exploration program. Highlights The Company's first drill test of the Shaft Target in the northern part of the Gold Range property has resulted in the discovery of a new and potentially significant zone of gold mineralization with hole GR22-110 returning 1.1 [...]
CANEX Metals Inc. is pleased to announce the results from 7 reverse circulation drill holes and observations from recent surface work at the Gold Range Project, Arizona. Highlights Step out drilling on the east side of the Excelsior Zone has intersected a mineralized zone that is interpreted to run parallel to the main Excelsior mineralized trend, potentially opening up new mineralized oxide gold zones within a larger [...]
CANEX Metals Inc. is pleased to announce surface soil results from summer 2022 exploration and the purchase of a lode mining claim covering a past producing gold mine at the Gold Range Project, Arizona. Highlights Surface exploration has identified a new gold in soil anomaly that is 400 metres long, over 125 metres wide, and remains open along strike, with gold in soil values ranging from 122 to 612 parts per billion [...]