Canamex Receives Remaining Gold Stream Sediment Results at Aranka North, Guyana
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/10/12 -- Canamex Resources Corp. (TSX VENTURE: CSQ)(OTCQX: CNMXF)(FRANKFURT: CX6) announces the remaining follow-up stream sediment sample results from its Aranka North gold exploration project in Guyana, South America. "The results of follow-up stream sediment confirm and refine the extent of the gold anomalies in the heart of the property," stated Chairman and CEO, Greg Hahn.
50 Additional Sample Results Received from the Lab
Results from an additional 50 stream sediment and pan concentrate samples are reported by Acme Analytical Laboratories in Vancouver, B.C. The results range from background values ranging from less than 0.5 ppb Au to a maximum of 584 ppb Au. The anomalous areas are defined by gold values ranging 10-1000 times background, and are portrayed graphically on an image posted to the web at www.canamex.us. They define seven discrete gold anomalous areas, with the previously announced Ridge Anomaly being the most dramatic and most exciting. The other anomalies are significant in their own right, but are second priority to the large and extensive high gold values coming from the Ridge Anomaly.
First Grid Soil Sampling Program Underway
Grid surveying and soil sampling has commenced on the Camp Anomaly which was identified in our news release of February 28, 2012. The Camp Anomaly is located immediately behind the main camp on the Waini River and is defined by four gold in stream sediment anomalies and locally exposed quartz veins and veinlets in deeply weathered iron-rich sericite schist and metavolcanic sediments. It covers an area of 1.5 kilometers by 1 kilometer. Soil grid surveying and sampling on the Camp Anomaly grid is expected to be completed next week, with initial results anticipated in early May.
Ridge Anomaly Grid Surveying to Start Next Week
Grid surveying at the Ridge Anomaly will commence next week after completion of the aforementioned Camp Anomaly program. Grid soil sampling will follow beginning in mid-April. All soil sampling will be done on a sample spacing of 100 meters by 100 meters. Initial results from the Ridge Anomaly are expected by the end of May.
Summary of Results
Of the 50 samples for which results were received, 9 are considered anomalous and above a background value of 0-2 ppb Au, with 3 samples containing between 2-10 ppb Au, 2 samples containing between 11-99 ppb Au, and 4 samples containing between 100-999 ppb Au. The drainages with the highest gold values are believed to be closest to the bedrock source of the gold.
Greg Hahn, Certified Professional Geologist (#7122), is the Qualified Person who has prepared and reviewed this press release in accordance with NI 43-101 reporting standards.
ON BEHALF OF THE BOARD
Gregory A. Hahn, Chairman and CEO
Forward-Looking Statements:
This note contains forward-looking statements regarding future events and Canamex's future results. These statements are based on current expectations, estimates, forecasts, and projections about the industry in which Canamex operates and the beliefs and assumptions of Canamex's management. Words such as "expects", "anticipates", "targets", "goals", "projects", "intends", "plans", "believes", "seeks", "estimates", "continues", "may", variations of such words, and similar expressions, are intended to identify such forward-looking statements. In addition, any statements that refer to projections of Canamex's future financial performance, Canamex's anticipated growth and potentials in its business and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict, including those identified elsewhere herein and Canamex's filings on www.sedar.com. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Canamex undertakes no obligation to revise or update any forward-looking statements for any reason.
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.
Contacts:
Canamex Resources Corp.
Robert Kramer
(604) 718-2800 (ext 311)
(604) 718-2808 (FAX)
www.canamex.us
Renmark Financial Communications Inc.
Erica Lomonaco
(514) 939-3989 or (416) 644-2020
elomonaco@renmarkfinancial.com
Renmark Financial Communications Inc.
Barbara Komorowski
(514) 939-3989 or (416) 644-2020
bkomorowski@renmarkfinancial.com
www.renmarkfinancial.com
