Exploration Plans For Eaglehead Copper Project
VANCOUVER, BC - Carmax Mining Corp. reported an update of corporate activities and the proposed 2015 exploration program for Carmax Mining Corp's Eaglehead copper-gold-molybdenum project located in northwest British Columbia. Northern Fox Copper Inc. a wholly owned subsidiary of Copper Fox Metals Inc. holds a 42.09% interest of the equity of Carmax Mining Corp.
The 2015 summer field program on Carmax's Eaglehead project will include, but is not limited to, re-logging and sampling of historical diamond drill holes and a limited verification drilling program; and commencement of a water quality sampling program.
Jevin Werbes, President of Carmax said, "We are extremely pleased with the advancement of the Eaglehead project from last year's exploration program and the latest metallurgical results. With Northern Fox deciding to continually support and encourage the efforts at Eaglehead we are pleased to have them increase their equity in Carmax which will allow us to advance the project this season."
The summer program has the objective of incorporating the first 59 diamond drill holes completed on the Eaglehead property prior to 2005 into the current database, as well as drilling several diamond drill holes to confirm and extend the copper-molybdenite mineralization reported from the Pass Zone. Historical drilling includes widespread mineralization in drill holes over large areas in both zones. According to the descriptions in the historical logs, the drill cores from both zones contain wide intervals of chalcopyrite and bornite mineralization that have not been sampled.
The exact meterage and number of drill holes to be completed in 2015 have not been determined and is contingent on the cost of completing the proposed re-logging and core sampling programs. The establishment of water quality sample locations is planned to commence the work necessary to establish a baseline water quality model for the Eaglehead project.