CANEX Metals is pleased to announce it has received an exploration permit to conduct geophysical surveying at the Louise COPPER-GOLD Porphyry project and outlines a plan and timeline to advance the project. The exploration permit allows for 56-line kilometres of ground based induced polarization geophysical surveying. The geophysical survey is fully funded, a contractor has been selected, and the survey can commence as [...]
CANEX Metals is pleased to announce it has closed the second and final tranche of its previously announced non-brokered private placement. The Company will use the proceeds of the financing to advance the Louise copper-gold porphyry project in British Columbia and the Gold Range oxide gold project. Highlights Strong investor support to allow CANEX to conduct low-cost drill targeting at the large Louise copper-gold [...]
CANEX Metals is pleased to announce it has closed the first tranche of its previously announced non-brokered private placement consisting of 2,444,445 common shares at a price of $0.045 per common share and 4,616,665 flow-thru common shares at $0.06 per common share for gross proceeds of $386,999.92. The second and final tranche of the private placement is expected to close next week. Highlights Strong investor support to [...]
CANEX Metals 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 3,000,000 common shares and up to 5,250,000 flow-through common shares for gross proceeds of up to $450,000. Common Shares will be offered at $0.045 and FT Shares will be offered at $0.06. Proceeds from the FT Shares will be used before [...]
CANEX Metals is pleased to announce a measured financing intended primarily to fund exploration work at the Louise copper-gold porphyry system in BC. The Louise porphyry hosts a copper-gold deposit that has been drill defined over an area 1000 meters long by 400 meters wide and to approximately 300 m depth. Strong grades occur in the system highlighted by hold LL04-03 which returned 158 m grading 0.41% copper and 0.40 g/t [...]
CANEX Metals is pleased to present drill data compilation results from the Louise Cu-Au Porphyry project. Historic drilling has identified a mineralized zone that is 1000 m long by 400 m wide and currently extends to a depth of approximately 300 m. Strong copper and gold grades occur in the system highlighted by hole LL04-03 which returned an interval of 158 m grading 0.41% copper and 0.40 g/t gold starting at 53.5 m [...]
CANEX Metals Inc. is pleased to announce surface sampling results from the Gold Range Project in Arizona. Gold Range Surface Exploration CANEX successfully completed a surface exploration program at the Gold Range Project in Arizona in March, collecting 151 surface rock and soil samples from across the property with detailed mapping completed at the growing WestGold target. New areas of mineralization were identified [...]
CANEX Metals Inc. announces that further to its news release dated March 5, 2024, it has received TSX Venture Exchange approval for the option of the Louise copper-gold porphyry deposit in British Columbia and a surface mapping and sampling program at the Gold Range Project in Arizona has been successfully completed. Louise Option Approved The Company is pleased to announce the Exchange has approved the terms of the [...]
CANEX Metals Inc. and its 100% owned Arizona subsidiary CANEXCO Inc. are pleased to announce that an exploration permit amendment has been accepted for the Gold Range Project, Arizona, and a surface exploration program will commence in March. Highlights An amended exploration permit has been accepted for the Gold Range Project allowing additional drill pads at the new WestGold discovery. A surface exploration program at [...]
CANEX Metals Inc. is pleased to announce that it has entered into an option agreement on an advanced copper-gold porphyry deposit in British Columbia with excellent exploration upside. Highlights CANEX has entered into a low up front cost option agreement to earn a 100% interest in the Louise copper-gold porphyry in British Columbia. The project is road accessible, contains a large historic copper-gold-molybdenum [...]
CANEX Metals Inc. and its 100% owned Arizona subsidiary CANEXCO Inc. are pleased to announce the completion of the Excelsior Mine Property purchase and provide a summary of 2023 Exploration at the Gold Range Project, Arizona. Excelsior Mine Property Purchase Terms The Company has completed the purchase of a 100% interest in the Excelsior Mine Property from the Vendors by issuing 8,694,170 CANEX shares and paying [...]
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 [...]
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