Carmax Mining Corp. (CMX.V) has released the results for the
recently completed Quantec Titan-24 DCIP survey at its 100-per-cent-owned
Eaglehead copper-molybdenum-gold-silver project located in northwestern British
Columbia. To view the 3-D geophysical model of the Eaglehead deposit, go to the
Carmax website. In addition to the Quantec results, Carmax is pleased to
announce that the second hole of the six-hole drilling program has been
completed.
Highlights:
- The chargeability anomaly consisting of two distinct
chargeability signatures has been defined over a 5,600-metre-long
horizontal distance;
- From Line 1 to Line 8 (horizontal distance of 4,500
metres) a strong greater-than-20-millirad chargeability signature occurs
that covers four of the six zones of mineralization identified to date.
This signature is open to the northwest toward the West zone;
- The greater-than-20-millirad chargeability signature
ranges from 500 metres to 1,000 metres wide, is open at depth below the
minus-550-metre level and is surrounded by a greater-than-10-millirad
chargeability signature that changes in width along strike;
- The mineralization in the historical (where sampled)
and current drill holes in the Pass, Camp, Bornite and East zones of
mineralization (horizontal distance of 3,000 metres), either on or in
proximity to the geophysical survey lines, shows a good correlation to the
greater-than-20-millirad chargeability signature;
- On Line 9 and Line 10 (horizontal distance 1,100 metres)
a distinct greater-than-10-millirad chargeability signature occurs that is
approximately 1,000 metres wide and is open at depth below the
minus-550-metre level. This chargeability signature has not been drill
tested and is open to the southeast toward the mineralized zone referred
to as the Far East zone;
- The greater-than-10-millirad chargeability signature on
Line 3 was tested by DDH 32 approximately 400 metres east of the
greater-than-20-millirad chargeability contour. This historical drill hole
appears to have tested the zone of oxide copper mineralization located
earlier in 2014 on Line 2 and Line 3. Where sampled (three samples) this
hole returned values ranging from 0.33 to 0.67 per cent copper.
Jevin Werbes, president of Carmax, stated: "The Quantec
Titan 24 survey, combined with the analytical results of the historical and
current drilling, has outlined a large, positive chargeability anomaly that,
based on drill hole information, appears to be mineralized over a
4,500-metre-long portion of this anomaly. Four of the six zones of
mineralization located to date on the property occur within this
4,500-metre-long portion of the anomaly suggesting that these zones are parts
of a much larger, contiguous zone of mineralization. The second chargeability anomaly
located on Line 9 and Line 10 is significantly different and has not been
tested by drilling. Both anomalies are open along strike. The majority of the
historical drill holes completed along the 4,500-metre strike length of the
first chargeability anomaly where sampled are mineralized. A review of the
available drill logs for these holes describe visible copper mineralization in
those parts of the core that have not been sampled."