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GEOPHYSICAL SURVEY OUTLINES A 5600M LONG CHARGEABILITY ANOMALY 2014 DRILLING PROGRAM CONTINUES AT EAGLEHEAD

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."





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