Canamex Announces 1 Kilometer x 200 Meter Gold-In-Soil Anomaly at Aranka North Project, Guyana, South America
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/29/12 -- Canamex Resources Corp. (TSX VENTURE: CSQ)(OTCQX: CNMXF)(FRANKFURT: CX6) is pleased to announce it has identified a gold-in-soil anomaly approximately 1 kilometer long and 200 meters wide at the Camp Anomaly within the Aranka North project area in Guyana, South America. As indicated in the attached figure (To view accompanying figure, visit the following link: http://media3.marketwire.com/docs/Figure_For_Canamex.jpg), the anomaly is at the north end of the grid, trending off the grid to the northeast.
This anomaly reflects gold-in-soil values that exceed the mean plus three standard deviations, and appears to coincide with the sheared contact between metavolcanic rocks and meta-sedimentary rocks. Geologic mapping of the soil sample spoil piles will follow in June to place the anomaly in a geologic context. A total of 183 soil samples were collected on a 100 meter by 100 meter grid, covering approximately 1.75 square kilometers in area.
Ridge Anomaly
The field crew has relocated its base camp to the base of the Ridge Anomaly, which is the Company's clear focus in Guyana at this stage, and where the stream sediment anomaly identified at the Ridge Anomaly is 10 times larger and up to 40 times stronger than that which identified the Camp Anomaly. "Thus we are pressing forward to fully quantify the Ridge Anomaly. The detection of a pronounced gold-in-soil anomaly at the Camp Anomaly encourages us to believe that we will be able to define a strong gold-in-soil anomaly at the Ridge Anomaly, because of its much stronger gold in stream sediment signature," stated Greg Hahn, Chairman & CEO.
"I am heading down to Guyana later this week to review the progress on both the Camp and Ridge Anomalies and will be accompanied by a graduate geologist from the Colorado School of Mines who will be mapping the geology on both soil grids," continued Hahn. "The identification of these anomalies is the culmination of nearly a year's worth of reconnaissance on the Aranka North property and it will be exciting to see what is generating the strong gold anomalies in these areas."
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
