Jun 4 2014
Carmax Mining Corp. is pleased to announce plans for a comprehensive summer exploration program on its Eaglehead property located in northern British Columbia.
The program will include line cutting, ground geophysics, metallurgical testing, core relogging and approximately 4000m of diamond drilling. The budget for the proposed work is estimated to be $1.2 million.
The objectives of the 2014 field program will be to:
- Improve the geological model by deep penetrating geophysics;
- Drill 2 holes for scoping-level metallurgical testing;
- Drill approximately 6 exploration holes to improve our understanding of, and to test possible extensions to the East and Bornite zones;
- Comprehensive relogging of old drill core located on-site.
Crews have been mobilized to open the camp and a two-three week line cutting program to be undertaken by Sawtooth Exploration Services will commence June 9, 2014. The ground geophysics program is scheduled to commence June 16 using Quantec Geoscience's Titan 24 DCP system. Ten lines are planned, each being 1800m in length with a dipole spacing of 75m. The line spacing will be 600m and will cover both the East and Bornite zones with penetration to a depth of 550-650m.
The diamond drill program is planned to commence in early July. The first two holes will be for metallurgical testing, one in each of the East and Bornite zones, for a total of 1000m. This will be followed by approximately 6 exploration holes (average 500m each) to provide additional testing of the East and Bornite zones, as well as testing for continuity of mineralization along strike between these two zones. DJ Drilling of Watson Lake will provide the contract drilling services. All analytical work (both core geochemistry and metallurgical) will be carried out by SGS of Vancouver.
In addition, an extensive program of relogging the old drill core will be carried out to establish continuity and enhance the geological model of the property.
Jevin Werbes, President and CEO of Carmax commented, "We are delighted to commence the 2014 Exploration Program following one year of inactivity caused by the devastating 2013 venture market conditions. With the Company's just completed financing and the addition of a strong new financial participant in the future of the Company, we anticipate that this program will significantly enhance the potential of the Eaglehead project."
Source: http://www.carmaxmining.com