CANEX Metals Inc.

CANEX Metals Inc. is pleased to announce that due to strong shareholder demand the Company has increased its previously announced non-brokered private placement and will now offer up to 5,000,000 shares at a price of $0.20 per Common Share for gross proceeds of up to $1,000,000. 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 [...]

CANEX Metals Inc. is pleased to announce that its wholly owned subsidiary CANEXCO Inc. has entered into a formal Option Agreement to acquire a 100% interest in a single lode mining claim located adjacent to the Company's Pit Zone target on the Gold Range Property, Arizona. Dr. Shane Ebert, President of the Company stated, "The acquisition of this key claim will enable CANEX to systematically explore the entire area around [...]

CANEX Metals Inc. is pleased to announce the Company has received an amended exploration permit for the Gold Range Property, Arizona. The amended exploration permit allows the Company to conduct trenching and drilling at several of the new targets recently identified on the increased property package, including the Pit, Central, East, Tin, and Shaft Zones, as well as along the Adit Shear Zone. The permit allows for up to [...]

CANEX Metals Inc. is pleased to announce results for 41 rock samples and 15 reconnaissance soil samples taken in December 2019 at the Gold Range Property, Arizona. Highlights from the Sampling Program Multiple chip samples returned high grade gold including 24.3 g/t Au over 1.5 metres and 25.4 g/t gold over 1 metre. Chip sampling has confirmed high grade gold mineralization within veins over a large area as previously [...]

CANEX Metals Inc. is pleased to announce that fieldwork has resumed at the Gold Range Property, Arizona. Two field crews are currently on-site conducting field programs. One is focused on geologic mapping, sampling, and prospecting, and the second is conducting a minimum 734 sample soil program. Geologic fieldwork is focused on advancing and mapping known gold bearing zones, prospecting and sampling new targets, as well [...]

CANEX Metals Inc. is pleased to announce results for 55 rock samples and 9 reconnaissance soil samples taken at the Pit Zone in December 2019 at the Gold Range Property, Arizona. Highlights from the Pit Zone Sampling Thirteen vein samples returned gold values ranging from 7.1 to 31.7 g/t gold over widths ranging from 0.25 to 1.5 metres. Numerous high-grade gold veins have been identified at the Pit Zone over an area 200 [...]

CANEX Metals Inc. is pleased to announce results for grid soil sampling conducted in December 2019 at the Gold Range Property, Arizona. Three test soil grids were sampled over portions of the Central and East Zones containing gentle to rolling topography and limited rock outcrop. On average soil samples were taken every 10 metres on sample lines spaced 25, 50, or 100 metres apart. A total of 425 soil samples were taken [...]

CANEX Metals Inc. is pleased to announce it has substantially increased its land holdings at the Gold Range Property, Arizona, to cover new exploration targets identified from recent airborne magnetic surveying. A total of 73 additional lode mining claims have been staked nearly doubling the size of the property from 552 hectares to 1043 hectares. An updated corporate presentation is available on the Company's website at [...]

CANEX Metals Inc. is pleased to announce it has received results from a high-resolution drone magnetic survey conducted at the Company's Gold Range Property, Arizona. A 394-line kilometre drone magnetic survey was flown at Gold Range in December by Pioneer Aerial Surveys Ltd. A GEM Systems GSMP-35UA magnetometer was used with a 50 metre line spacing and at an altitude of 40 metres above ground. Survey results show [...]

CANEX Metals Inc. is pleased to announce assay results for 14 rock samples from the Pit Zone at the Company's Gold Range Property in Arizona. In October the Company collected 14 grab and chip samples from the Pit Zone as part of a property wide prospecting and mapping program. All of the samples from the Pit Zone have returned high grade gold, highlighted by 11 grab samples over a 500 metre by 70 metre area that have [...]