CXM.V - Survey Exposes Massive Copper Deposit

[AngirKt]

WEST VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 17, 2014) - Carmax Mining Corp. (TSX VENTURE:CXM) ("Carmax") is pleased to provide its shareholders with an update on the current diamond drilling program on its 100% owned Eaglehead copper-gold-molybdenum-silver located in northwest British Columbia. Highlights for the three diamond drill holes completed to date are:

Highlights:



Diamond drill hole DDH 0121 with a core length of 551.08m intersected bornite-chalcopyrite-molybdenite mineralization over the core interval of 29.87m to 551.08m. The diamond drill hole ended in chalcopyrite-bornite +/- molybdenite mineralization and the mineralization is open at depth,
DDH 0122 intersected chalcopyrite+/-bornite +/- molybdenite mineralization over the core interval 9.01m to 441.96m. The diamond drill hole ended in chalcopyrite-molybdenite mineralization and the mineralization is open at depth,
DDH 0123 intersected chalcopyrite+/-bornite +/- molybdenite mineralization over the core interval 51.57m to 621.18m. The diamond drill hole ended in chalcopyrite mineralization and the mineralization is open at depth,
The Quantec Titan-24 chargeability signature show a strong positive correlation to the visual observation of copper and molybdenite mineralization in the 2014 drill holes in line with the correlation between the chargeability signature and the presence of copper mineralization reported in the historical holes, and
The first of the analytical results for the 2014 drill holes is expected towards the end of September-early October and will reported on when reviewed and compiled.

[aqiqieoirz]

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[AntonioVem]

With considerable historic work and recent work by Carmax their Eagle-head Copper/Moly project is well advanced so there is really no risk of discovery. It is really a matter of advancing the project to upgrade the resource tonnage and grade.”

“There is also a huge vote of confidence in the project and company with Copper Fox's investment.”

[AsaGoosebe]

There Eaglehead project is 100% owned and already advanced with a 43-101 inferred resource
approximately 662 million pounds copper, 22 million pounds molybdenum and 265,000 ounces gold.


The Inferred Mineral Resource estimate totals 102.5 million tonnes at an average grade of 0.29% Cu, 0.010% Mo, and 0.08 g/t Au. The resources were estimated at a cut-off grade of 0.16% copper equivalent ("CuEq")

[berylmo11]

They released preliminary data on 3 holes and all were in mineralization for several 100 metres,
roughly close to surface down to 450 to 620 metres or so. All bottomed in containerization.

The chargeability signature from the 2014 Quantec survey suggests continuity of the
mineralization in the East zone to the northeast towards the Bornite zone. This area between the two mineralized zones which has not been drill tested – but is in current program