News Release
The Eaglehead Deposit
Expands East Zone Drills 0.41% CuEq Over 78M Including 0.74% CuEq Over 24M
WEST VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 18, 2014) - Carmax Mining Corp. ("Carmax") (TSX VENTURE:CXM) is pleased to announce the analytical results for the last two drill holes from its 2014 diamond drilling program on its 100% owned Eaglehead copper-gold-molybdenum-silver project located in northwest British Columbia. To view the location of 2014 drill holes, visit the Carmax website at www.carmaxmining.com. Highlights for the two diamond drill holes are:
Highlights:
•Diamond drill hole (DDH)0123 intersected 0.19% copper, 0.003% molybdenum, 0.07g/t gold and 0.90g/t silver (0.27% copper equivalent) over a core interval of 183.3m that included 0.60% copper, 0.005% molybdenum, 0.11g/t gold and 3.33g/t silver (0.74% copper equivalent) over a core interval of 24m commencing at a core depth of 124m,
•DDH124 intersected 0.38% copper, 0.003% molybdenum, 0.01g/t gold and 0.88g/t silver (0.41% copper equivalent) over an interval of 78m starting at a core depth of 424m,
•The 2014 drilling has demonstrated the continuity of the copper mineralization between the two areas of mineralization referred to as the East and Bornite zone,
•The 2014 drilling program intersected copper mineralization on both sides of the chargeability signature from the Quantec Titan-24 DCIP geophysical survey (see Carmax news release dated September 2, 2014). The center of the chargeability signature was not tested by the 2014 drilling, and
•Historical drilling over approximately 3,000m strike length indicates the presence of copper mineralization in the center of the chargeability signature defined in 2014.
Jevin Werbes, President of Carmax stated, "We are very pleased that DDH0124 has demonstrated the continuity of the copper mineralization between the East zone and the Bornite zone as well as intersecting significant copper mineralization associated with the southern edge of the chargeability signature in this area of the deposit. The 2014 drilling results support our interpretation that we are exploring a single, large porphyry system based on the positive correlation of the 4,500m long chargeability signature outlined in 2014 with the copper mineralization reported in the current and historical core logs. The potential size of the mineralized zone combined with the different metal associations identified to date indicates that a considerable amount of exploration is warranted."
www.carmaxmining.com
