Canamex Gold Corp Snapshot
Canamex Gold Corp. (TSX-V: CSQ) (OTCBB: CNMXF) (FSE: CX6) is engaged in fast-tracking toward development of the Bruner Gold Project in the prolific gold jurisdiction of Nye County, Nevada. The region is home to several producing and past-producing mines along the Walker Lane Trend. Canamex completed a positive Preliminary Economic Assessment (PEA) on the Bruner Gold Project in April 2016. Based on additional drilling conducted on the property, the company has commissioned a new PEA and resource estimate, expected to be completed before the end of 2017. The second asset is the Silverton Gold property, which is a gold exploration project, in Nevada, which has geological similarities to the Long Canyon gold deposit in Nevada, being mined by Newmont Mining. Canamex has signed Agreements with Harmonychain AS, for Ethereum Blockchain Smart Contract Tokens for Gold and Silver, as an alternative means of raising capital, potentially without equity dilution. The Agreements secure the exclusive rights to 6 (Six) Ethereum Token domain names, ticker codes, and associated smart contracts, for Gold and Silver, if any of them have been successfully completed by 31st December 2018. Please stay in touch with our website for updated images and information at http://canamexgold.com
Silverton Gold Exploration Project - Additional Claims and Data Review
The Company has staked an additional seven (7) unpatented lode mining claims covering 140 acres on the southwest corner of the existing claim block, to protect extensions to mineralization that is evident from initial inspection of gold-in-rock geochemical results from the recently acquired project data base. Over 25 rock samples containing between 0.100 gpt and 1.75 gpt gold were collected from strongly silicified and brecciated dolomite outcrops over an area 300 meters long by 100 meters wide containing old prospect pits and shallow underground workings in brecciated and iron-stained dolomite. Only one historic RC drill hole was drilled near these outcrops, and it was drilled west of the outcrops of dolomite. That hole was intended to test a concept that the dolomites dipped westward beneath the collar location of the hole, but an obvious fault separates the mineralized dolomites from the drill hole location, and explains why the hole did not intersect any dolomite where anticipated. This entire target area remains untested by drilling.
In addition, the rock geochemical data base recently acquired shows numerous other anomalous areas with gold values from 1.0 to 16.13 gpt Au (0.47 opt Au) in brecciated dolomites in the central and northern portions of the claim block, that are surrounded by numerous samples in the 0.10-1.0 gpt Au range, and that also have never been tested by drilling. These areas represent several priority exploration targets that have never been drilled, where the Company will undertake detailed mapping and sampling this coming spring, with the objective of defining a drilling program to test the best of these targets during 2018.
Bruner Gold Development Project - PEA Update
The updated PEA on the Bruner gold project located in Nye County, Nevada is nearing completion. The updated resources have been completed, the preliminary pit designs and mine plan and production schedule has been finalized, capital and operating costs have been updated, and the cash flow model is currently being reviewed. Management will thoroughly review the draft results of the updated PEA, and given the upcoming Holidays, will likely report the results of the updated PEA in early January 2018. The NI43-101 Technical Report will follow within 45 days following the announcement of the results of the new PEA.
Bruner Gold Development Project - Water Well
Harris Exploration Drilling has commenced drilling of a water well on the access road into the Bruner gold project where the Company has obtained a water right for up to 350 gallons per minute (gpm) water for drilling fluid and future mineral processing. Harris has set and cemented the 13” conductor casing to 60 feet and is currently at 200 feet depth on the 12” hole, with a target depth of 500-750 feet. The Nevada Division of Water Resources has extended the water right application through December 2018 to allow for completion of this well.
DAVID VINCENT B.Eng, Dip. FP
Chief Executive Officer
David Vincent is a professional engineer and commercial pilot with post graduate academic qualifications in management and financial services. David was a consultant and investment banker providing corporate advisory, corporate public relations and capital raising services within the resources sector. David was a senior executive with BAE Systems, a global aerospace company, where he gained significant skills and experience in international business development, feasibility studies, market analysis, business planning, project financing, project management and marketing within the United Kingdom, the Middle East and Europe. David was a senior commissioned officer (Engineer and Pilot) in the Royal Australian Air Force. David has worked throughout Europe, Middle East, Africa and Asia region for the last 20 years.
GREG HAHN, P. GEO, GEO. ENGINEER
Mr. Hahn is a Professional Geologist and Geological Engineer, who has over 35 years of extensive experience in exploration and mine development. Mr. Hahn has held senior level management postions with several public mining companies, where during his career, he has used his expertise to take projects from mine development through to production, these include; permitting, engineering, construction and operations for Constellation Copper Corporation, construction and operations for two open pit heap leach gold and silver mines with Coca Mines Inc, exploration for investment opportunities in Latin America for St. Mary Minerals Inc., as well as, exploration and pre-development for Noranda Inc. Additionally, Mr. Hahn has been instrumentally involved in financing and mergers for Metalline Mining Company, which resulted in significant market cap increase and Marathon PGM Corp, which sold in 2010 for $170 million. Mr. Hahn holds a B.A. in Earth Sciences and an M.S. in Geology and Geological Engineering.
DONG H. SHIM
CFO and Secretary
Dong H. Shim is a member of the Chartered Professional Accountants of British Columbia and a Certified Public Accountant registered in the State of Illinois, United States.
Mr. Shim has served as an audit partner on numerous audit engagements with a mid-size firm located in Vancouver, British Columbia, where he audited various publicly traded companies, primarily focusing on junior mining, oil and gas, pharmaceutical, and high-tech industries. As an audit partner, Mr. Shim also assisted various start-up companies in achieving public listings on the TSX Venture Exchange, Canadian Securities Exchange and the OTC Market.
Mr. Shim is currently the President of Golden Tree Capital Corp. and SHIM Accounting Corporation with a primary focus on business advisory, corporate consulting and regulatory filings both in the United States and Canada. In addition, Mr. Shim teaches accounting as an instructor at a local college in Vancouver and acts as a facilitator at CPA Western School of Business mentoring CPA candidates enrolled in the CPA Professional Education Program.
GUY P. DANCOSSE Q.C., ICD.D.
Guy P. Dancosse, Q.C. was a member of the Board of Directors and Chair of the Human Resources Committee at the Royal Canadian Mint. He was legal counsel for the Royal Canadian Mint for a long period of time. As such he has acquired a deep knowledge of the international currency systems and of Global Mint activity. He also sits on the board of many public and private companies. Guy has extensive experience in arbitration, negotiation and mediation, nationally and internationally, in many areas of business and the public sector. He has pleaded in all levels of the provincial and federal courts in Canada, including the Supreme Court of Canada. He acted as counsel in commercial arbitration, both nationally and internationally. He has undergone post-graduate training in mediation and arbitration at Harvard University, and completed the Director’s Education Program at the Rotman School of Business University to Toronto. Guy is a certified member of the Institute of Corporate Directors and is accredited as an international commercial arbitrator by the ICC (International Chamber of Commerce). He is also a member of the Canadian Bar Association, the International Bar Association and the International Institute for Conflict Prevention & Resolution (New York).
Director and Chairman
Mr. Stark has over 32 years of business experience in the private sector as an owner and operator of two successful companies, and 27 years in the public sector. Mr. Stark’s background includes corporate financing, investor relations, market support and corporate strategic development. Companies he has worked with in the past include; Exeter Resources and Extorre Resources. Mr. Stark is currently chairman of Arizona Silver Exploration Inc.
FRANK HOEGEL, MBA
Frank Hoegel began his career with a London interdealer broker institute GFI Group involved in various forms of stocks, warrants and bonds. Mr. Hoegel currently serves as Chief Executive Officer of Peter Beck Performance Fonds GbR, and sits on the advisory board of Concept Capital Management, which is an asset management company, focused on evaluating and investing in Canadian resource companies, through equity investments, convertible bonds and gold, silver, and copper off-take agreements. Mr. Hoegel completed his degree in Master of Business Administration (FH) with a focus on Financial Management, Banking and International Business & Management from the University of Nürtingen, Germany. Mr. Hoegel has broad base of experience in global investments, where his expertise has been primarily focused on the structuring, initiation, and completion of international convertible debenture financings.