Canex Doubles the Size of the GOLD Range Property Based ON Airborne Geophysical Results
CANEX METALS INC.
SUITE 815, 808-4TH AVENUE S.W., CALGARY, ALBERTA, T2P 3E8
PH: 403.233.2636 FAX: 403.266.2606
NEWS RELEASE: 20-2 JANUARY 20, 2020
Trading Symbol: TSX Venture-CANX
For Further Information Contact: Shane Ebert at 1.250.964.2699
Web: http://www.canexmetals.ca
CANEX DOUBLES THE SIZE OF THE GOLD RANGE PROPERTY
BASED ON AIRBORNE GEOPHYSICAL RESULTS
Calgary, Alberta - CANEX Metals Inc. (“CANEX” o r the “Company” ) is pleased to announce it has
substantially increased its land holdings at the Gold Range Property, Arizona, to cover new exploration
targets identified from recent airborne magnetic surveying. A total of 73 additional lode mining claims have
been staked nearly doubling the size of the property from 552 hectares to 1043 hectares.
An updated corporate presentation is available on the Company’s website at www.canexmetals.ca and
includes a summary map of the increased claim block along with images containing portions of the recent
magnetic data and select exploration targets.
Exploration Update
In December detailed sampling was conducted at the Pit Zone and at several other targets on the Gold
Range property. Over 100 rock samples and over 400 soil samples were collected and submitted for assay,
with results pending. These will be released once they are received and evaluated.
Near-term plans for additional field work at Gold Range will be f inalized once assays have been received
and targets from airborne magnetics have been prioritized. The Company has filed an appended
exploration permit application with the Bureau of Land Management to allow for an expanded trenching and
drilling program to include several new targets recently identified on the property. Once the amended permit
has been received a second trenching program is anticipated.
About the Gold Range Property
The Gold Range Property is located in Northern Arizona within an area that has seen historic lode and
placer gold production but limited systematic modern lode gold exploration. Fieldwork by the Company has
identified numerous gold exploration targets on the property with grab samples from outcropping quartz
veins returning multiple values in the 20 to 40 g/t gold range, and chip sampling returning values of 28.1 g/t
gold over 1 metre and 8.47 g/t gold over 5.6 metres. Please visit our website at www.canexmetals.ca for
additionnel information.
Dr. Shane Ebert P.Geo. , is the Qualified Person for CANEX Metals and has approved the technical
disclosure contained in this news release.
“Shane Ebert”
Shane Ebert, President/Director
Neither the TSX Venture E xchange 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.
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as
“expects”, “projects”, “plans”, “anticipates” and similar expressions, are forward-looking information that represents management of CANEX
Metals Inc. internal projections, expectations or beliefs concerning, among other things, future operating results and various components
thereof or the economic performance of CANEX. The projections, estimates and beliefs contained in such forward- looking statements
necessarily involve known and unknown risks and uncertainties, which may cause CANEX’s actual performance and financial results in future
periods to differ materially from any projections of future performance or results expressed or implied by such forward- looking statements.
These risks and uncertainties include, a mong other things, those described in CANEX’s filings with the Canadian securities authorities.
Accordingly, holders of CANEX shares and potential investors are cautioned that events or circumstances could cause results to differ
materially from those predicted. CANEX disclaims any responsibility to update these forward-looking statements.