News Source, Dow Jones: http://www.marketwatch.com/story/canamex-ideally-positioned-for-major-gold-discovery-in-guyana-mining-journal-review-2011-07-22

  

Canamex Ideally Positioned for Major Gold Discovery in Guyana - Mining Journal Review

 

Mining MarketWatch Journal has published a review of Canamex Resources Corp. (TSX VENTURE: CSQ) (US Listing: CNMXF) (Frankfurt:CX6) offering insight and opportunity afforded investors as CSQ.V is positioned for major gold discovery in Guyana, South America. Additionally, CSQ.V is advancing its Bruner Gold Project in Nevada where its large tonnage gold project with an historic resource estimate of 383,000 oz Gold possesses similarities to Kinross and Barrick's nearby multi-million oz Round Mountain Mine.

 

The full Journal review may be found at http://miningmarketwatch.net/csq.htm

 

Canamex's two fronts:

1) Aranka North gold project in Guyana South America (100% interest to earn): Canamex has locked up some of the best/most highly prospective gold bearing land in Guyana and is ripe for major gold discovery. Canamex's Aranka North gold project lies to the northeast of major gold discoveries by Guyana Goldfields at Aurora and Sulfur Rose, and its reported new discovery at Aranka, all of which lie along a northeast trend. The Aranka North land package lies further to the northeast along this well-mineralized and highly prospective gold trend responsible for >70% of all gold discovered in Guyana to date. There are active alluvial mining operations within the CSQ.V land package along the Waini River system and geological indicators dictate the source of the alluvial gold is in the outcropping and shallow bedrock at the headwaters of the gold-bearing alluvial drainages within Canamex's land package.

 

2) Bruner Gold Project in Nevada (75% interest to earn) is a large tonnage gold project similar to Kinross & Barrick's nearby Round Mountain Mine. When developed a Round Mountain style open pit bulk mining heap leach deposit can offer consistent low cost gold extraction for decades; utilizing heap leaching Round Mountain has produced over ten million ounces of gold over a 20 year period and the deposit continues to expand. Recent drilling and hydrometallurgical testing on Canamex's Bruner deposit affirms the belief that with continued success there exists the potential to conceivably emulate Round Mountain. The recent exploration efforts by Canamex on Bruner are part of a process of bringing current the historic (non NI 43-101 compliant) resource estimate of 383,000 oz Gold established in 1991, since that time an additional 86 holes have been drilled within and along strike of the resource area. Like the Round Mountain Mine deposit Canamex's Bruner deposit material is low grade but as demonstrated in recent "bottle roll" tests is leachable with average gold recoveries in excess of 90%. Historic production at Canamex's Bruner includes ~100,000 ounces at an average grade of 0.56 opt gold. CSQ.V definitely confirmed the potential at Bruner in its last round of drilling with intercepts of over 300 feet of low grade in one hole with a five foot veinlet averaging close to 10 g/t gold with decent silver grades too. The deposit also appears to be open ended with oxidization occurring to at least 800 feet beneath the surface. In short, Bruner appears to be a significant deposit.

 

Investors in CSQ.V have an opportunity to gain exposure to a growing gold exploration/mining company in the process of exposing serious potential value. The Bruner gold project is now considered such a solid gold prospect for Canamex that it strategically forms a baseline project that can be expanded upon and act as a backstop while it juxtaposes exploration efforts on highly prospective project(s) in Guyana. Mining MarketWatch Journal has confirmed that Canamex is actively vetting other highly prospective prospects in Guyana. With only ~42M shares outstanding (~57M fully diluted) and trading under CDN
.25 CSQ.V is poised for significant upside revaluation to better reflect the inherent value and immense gold potential.

 

The full Journal review may be found at http://miningmarketwatch.net/csq.htm  

 

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URLs.

 

Contact Information:

James O'Rourke

Mining MarketWatch Journal