Carmax Mining Corp.
Drilling Continues At Eaglehead
“We took control of Carmax and the Eaglehead project in 2011,” stated Jevin Werbes, CEO of Carmax in an exclusive interview with Financial Press, “By that point there had been over 94 holes drilled on the project. That season we drilled about 25 new holes and this season we are drilling and re-logging millions of dollars of historical core all of which will help us build a new resource calculation.”
- Drilling ~4000m underway
- Core assay results are expected by November 2014.
- NI 43-101 Inferred Mineral Resource of 102.5 million tonnes at an average grade of 0.29% Cu, 0.010% Mo, 1.9 g/t Ag, and 0.08 g/t Au.
- The Eaglehead property today contains approximately 662 million pounds copper, 265,000 ounces gold and 22 million pounds molybdenum.
- Major Shareholder Ownership 42%
- $1.6M cash
“Survey Exposes Massive Copper Deposit”