TSX-V: CUX
Email Sign Up

Corporate Presentation
43-101 Technical Report
Request Info
Stock Quote:TSX-V: CUX 0.05Volume - 0Day High - 0.00Day Low - 0.00Date - 2017-11-16

2011

Carmax Updates Drilling On The Eaglehead Copper Project

July 27, 2011

Carmax Mining Corp. (“Carmax”) is pleased to report that diamond drilling on its Eaglehead porphyry Cu-Mo project in the Dease Lake area, northwestern BC, is in progress with approximately 4,800 m of the 7,500 m program having been completed.  To date, eleven holes (approximately 85% of the drilling planned) have been completed at the East Zone, and drilling has commenced on the Bornite Zone.  Drilling to date and interpretation of previous results indicate at least thirteen west-northwest trending and steeply southwest dipping mineralized zones at the East Zone and eleven similarly oriented mineralized zones may be present at the Bornite Zone.  Past results also indicate that at least four additional target areas with similar style of mineralization occur over a strike length of approximately 8 km on the Eaglehead property, but have received limited drill testing.

At the East Zone, drilling has extended the porphyry type Cu-Mo mineralization further to the southeast and northwest along strike and at depth. Hole 100 intersected significant hydrothermal alteration and mineralization up to 545 m down hole (more than 400 m in the vertical dimension).  Visual inspection of the holes completed to date indicates that porphyry type Cu-Mo mineralization has been intersected in at least six of the ten holes completed at the East Zone and one hole at the Bornite Zone.  Drill core logging and sampling is in progress, and assay results are expected by the middle of August 2011.

During the balance of the summer program drilling will focus on the Bornite Zone, where a seven hole 2,625 m of drilling is planned testing several mineralized zones.

Jevin Werbes, president of Carmax states, “We are very pleased so far with the progress of drilling on the Eaglehead project and to date are on budget. As assays are received we look forward to releasing them.’’

Hrayr Agnerian, P. Geo, a Director of Carmax, is the Qualified Person, as defined in NI 43-101, and is responsible for the preparation of the technical information contained in this News Release.

On behalf of the Board of Directors

 

Jevin Werbes, President

For further information, please visit the website at www.sedar.com to view the Company’s profile or contact Jevin Werbes at 604-921-1810.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.