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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Chilean Metals Inc | TSXV:CMX | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.17 | 0.165 | 0.175 | 0 | 01:00:00 |
Eaglehead
Carmax Explorations Ltd. is pleased to announce the results of its 2008 Exploration program completed on the Eaglehead property in northwestern British Columbia. The work program, consisted primarily of diamond drilling focused on expanding the excellent results received from the East Zone in the 2006-2007 exploration season (see news release dated April 9, 2008).
A total of 14 holes totaling 5495 meters (18,029 ft) were drilled of which 13 holes were in the East Zone and 1 hole (DDH #95) was drilled to test a previously unexplored 3-D IP anomaly in the Far East Zone. A total of 95 holes have now been drilled on the property of which 59 are historical holes drilled prior to 1980 and 36 have been drilled by Carmax since 2006.
The 2008 results continue to expand the mineralized zone both down dip and to the east from both historical drill hole #55 and last years drill hole #79 both of which experienced high grade intercepts repeated in hole #87 which averaged 3.162% Cu, 1.308% Mo, 26.0gm Ag, 18.67gm Au over 3.05 metres (see table below for complete averages).
All assay averages reported are weighted averages.
--------------------------------------------------------------------------- Cu Mo Ag Au DRILL HOLE METERS % % gm/t gm/t --------------------------------------------------------------------------- 82 30.48-419.71 0.29 0.046 1.085 0.065 equals 389.23 Located 50m east of ------------------------------------------------------ #79 returned the incl. 30.48-195.38 0.543 0.080 2.56 0.086 following averages equals 164.90 ------------------------------------------------------ incl. 120.55-160.63 1.397 0.235 8.75 0.280 equals 40.08 --------------------------------------------------------------------------- --------------------------------------------------------------------------- 83 30.48-397.15 0.196 0.010 0.139 0.096 equals 366.67 Located 50m north ------------------------------------------------------ of #82 returned the incl. 88.70-206.20 0.330 0.014 0.259 0.306 following averages equals 117.50 --------------------------------------------------------------------------- --------------------------------------------------------------------------- 84 23.16-447.14 0.240 0.015 0.522 0.056 equals 423.98 Located 50m south ------------------------------------------------------ of #82 returned the incl. 144.47-340.00 0.390 0.021 0.603 0.089 following averages equals 195.53 ------------------------------------------------------ incl. 147.98-263.35 0.508 0.028 1.022 0.108 equals 115.37 --------------------------------------------------------------------------- --------------------------------------------------------------------------- 85 93.57-108.81 0.322 0.004 less 0.020 equals 15.24 than Located 50m east 5 of #84. This hole ------------------------------------------------------ drilled to the 181.97-212.45 0.173 less less 0.037 south intersected equals 30.48 than than fine grained 0.001 5 porphyry with an increase in pyrite content and returned the following averages --------------------------------------------------------------------------- --------------------------------------------------------------------------- 86 33.53-453.24 0.318 0.028 0.898 0.073 equals 419.71 Located 50m west of ------------------------------------------------------ #84 returned the incl. 139.29-453.24 0.367 0.035 1.118 0.091 following averages equals 313.95 ------------------------------------------------------ incl. 249.02-453.24 0.395 0.047 1.387 0.097 equals 204.13 ------------------------------------------------------ incl. 398.37-453.24 0.716 0.029 2.233 0.092 equals 54.87 --------------------------------------------------------------------------- --------------------------------------------------------------------------- 87 18.29-431.90 0.271 0.020 2.277 0.249 equals 413.61 Located 50m west of ------------------------------------------------------ #86 and 50m south incl. 23.47-47.85 0.574 0.001 2.625 less of #77 returned the equals 24.38 than following averages 0.01 ------------------------------------------------------ incl. 102.71-267.31 0.337 0.011 4.019 0.158 equals 164.59 ------------------------------------------------------ incl. 102.71-121.01 1.973 0.070 29.667 1.155 equals 18.30 ------------------------------------------------------ incl. 331.32-389.23 0.397 0.108 2.105 1.040 equals 57.92 ------------------------------------------------------ incl. 349.60-352.65 3.162 1.308 26.00 18.67 equals 3.05 --------------------------------------------------------------------------- --------------------------------------------------------------------------- 88 42.67-401.42 0.227 0.021 0.733 0.064 equals 358.75 Located 55m north ------------------------------------------------------ of #79 and 50m west incl. 114.91-166.73 0.594 0.113 4.94 0.206 of #83 returned the equals 51.82 following averages ------------------------------------------------------ incl. 114.91-273.41 0.369 0.041 1.615 0.111 equals 158.50 --------------------------------------------------------------------------- --------------------------------------------------------------------------- 89 28.04-396.54 0.203 0.002 0.96 0.013 equals 398.50 Located at 1+35N on ------------------------------------------------------ line 15+00E at 150m incl. 236.22-384.05 0.34 0.004 0.65 0.015 south west of #69A equals 147.83 and 120m south ------------------------------------------------------ westerly of incl. 257.56-384.05 0.383 0.003 0.66 0.015 historical hole equals 126.49 #59. This hole ------------------------------------------------------ intersected incl. 295.35-376.43 0.467 0.004 1.04 0.019 porphyry with equals 81.08 pyrite initially ------------------------------------------------------ with increasing incl. 295.35-347.16 0.568 0.004 1.62 0.021 k-feldspar equals 51.82 alteration and ------------------------------------------------------ chalcopyrite incl. 323.70-350.06 0.793 0.004 2.55 0.029 at depth equals 26.36 --------------------------------------------------------------------------- --------------------------------------------------------------------------- 90 161.54-172.52 0.186 less less 0.025 equals 10.98 than than Located at 1+00N 0.001 5 on line 14+00E at ------------------------------------------------------ 100m westerly 205.74-230.12 0.276 0.008 less 0.052 of #89. This hole equals 24.38 than intersected porphyry 5 with pyrite with ------------------------------------------------------ increasing 326.75-362.10 0.273 0.013 less 0.044 K-feldspar equals 35.35 than alteration and 5 chalcopyrite at depth --------------------------------------------------------------------------- --------------------------------------------------------------------------- 91 132.28-162.00 0.130 0.001 less 0.015 equals 29.72 than Located at 2+00N 5 on line 13+00E at ------------------------------------------------------ 150m northwesterly 175.56-190.04 0.158 less less less of #90. This hole equals 14.48 than than than intersected 0.002 5 0.001 porphyry with ------------------------------------------------------ pyrite then minor 235.92-241.10 0.194 0.002 less 0.011 chalcopyrite with equals 5.18 than biotite quartz 5 diorite at depth --------------------------------------------------------------------------- --------------------------------------------------------------------------- 92 23.16-441.96 0.203 0.007 0.366 0.029 equals 418.80 Located 100m south ------------------------------------------------------ of #74 and 50m south incl. 64.62-441.96 0.217 0.008 0.411 0.032 of #62 intersected equals 377.34 the following ------------------------------------------------------ averages incl. 82.91-124.05 0.359 0.005 0.315 0.050 equals 41.15 ------------------------------------------------------ incl. 95.098-124.05 0.436 0.006 less 0.022 equals 28.96 than 5 ------------------------------------------------------ incl. 266.39-292.0 0.482 0.023 0.593 0.034 equals 25.60 ------------------------------------------------------ incl. 246.28-441.96 0.260 0.014 0.727 0.055 equals 195.68 ------------------------------------------------------ incl. 356.01-441.96 0.360 0.022 1.206 0.110 equals 85.95 --------------------------------------------------------------------------- --------------------------------------------------------------------------- 93 39.62-435.25 0.230 0.017 1.926 0.072 equals 395.63 Located 50m east of ------------------------------------------------------ #62 and 50m west of incl. 218.85-435.25 0.305 0.031 2.042 0.128 #87 intersected the equals 216.40 following averages ------------------------------------------------------ incl. 331.62-432.21 0.424 0.060 3.121 0.166 equals 100.58 ------------------------------------------------------ incl. 371.25-432.21 0.571 0.098 5.15 0.268 equals 60.96 ------------------------------------------------------ incl. 371.25-401.73 0.919 0.179 10.30 0.441 equals 30.48 --------------------------------------------------------------------------- --------------------------------------------------------------------------- 94 54.86-423.06 0.186 0.006 1.214 0.043 equals 368.20 Located 50m north ------------------------------------------------------ of #93 intersected incl. 54.86-203.30 0.250 0.005 0.394 0.034 the following equals 148.44 averages ------------------------------------------------------ incl. 99.67-175.87 0.325 0.006 0.544 0.055 equals 76.20 ------------------------------------------------------ incl. 331.32-410.57 0.239 0.011 2.346 0.088 equals 79.25 --------------------------------------------------------------------------- --------------------------------------------------------------------------- Au DRILL HOLE METERS gm/t --------------------------------------------------------------------------- 95 23.93-26.37 equals 2.44m 0.19 --------------------------------- Located at 1140N on line 169+00E. 37.03-39.62 equals 2.59m 0.12 This hole was completed to a depth --------------------------------- of 213.66m to test a 3-D induced 54.47-60.66 equals 5.18m 0.11 polarization anomaly not previously --------------------------------- drilled. No copper or molybdenite of 78.79-87.02 equals 8.23m 0.11 significance was intersected but --------------------------------- several intervals of gold were 78.79-95.25 equals 16.46 0.167 indicated --------------------------------- 107.90-113.39 equals 5.49 0.88 --------------------------------- 131.98-134.72 equals 2.74 1.10 --------------------------------- 137.01-139.75 equals 2.74 0.12 ---------------------------------------------------------------------------
All drilling was undertaken with an NQ rig. Drill core was split and half was sampled then tagged and placed in plastic bags. Samples were secured in mega bags and airlifted to Dease Lake for transport to Acme Labs in Vancouver for analysis.
Samples were crushed and pulverized to 200 mesh and fire assayed for Ag and Au and 1:1:1 Aqua Regia digestion ICP-ES analysis.
The soil samples were dried at 60 degrees C, sieved 100g to - 80 mesh and analyzed for 36 elements using 1:1:1 Aqua Regia digestion ICP-MS analysis for Cu and Mo.
All historical and new drill hole data has now been digitized in order to create 3d block models of each of the mineralized zones. The interactive PDF views for both the Bornite and East zones can be viewed on the Carmax web site. Drill hole survey and assay data have been forwarded to the company's independent consultant for the purpose of calculating resource estimates and to plan the location of future infill and step out drill targets.
Whiskeyjack
The winter drill program consisting of 3 diamond drill holes has been completed by Carmax's JV partner Alexandria Minerals.
The three holes were drilled stepping out from drill hole MAT-08-7 drilled in late 2007 which returned 2.25 g/t Au over 6.00m at a depth of 165.5m.
Assays are pending.
John R. Poloni, P.Eng. is the qualified person responsible for the technical data presented in this News Release.
ERNEST S. PETERS, PRESIDENT/DIRECTOR
The Company relies upon litigation protection for "forward-looking" statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Carmax Explorations Ltd. Ernest S. Peters President/Director (604) 408-2212 or Toll Free: 1-888-408-2212 (604) 689-4143 (FAX) Website: www.carmaxex.com
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