Today techs InvestmentPitch Media Video Discusses CanXGold’s New Drill

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VANCOUVER, British Columbia, Sept. 23, 2022 (GLOBE NEWSWIRE) — CanXGold Mining (TSXV:CXG) (OTCPink:GDMRD) (FSE:3G8C) has began a drill program at its Phoenix Property within the Greenwood Treasured Metals venture in today techs southeastern, British Columbia. CanXGold, a close to time period gold producer, has today techs an intensive land bundle, situated east of Greenwood in southeastern British Columbia.

A Media Snippet accompanying this announcement is out there by clicking on the picture or hyperlink under:

For extra data, please view the InvestmentPitch Media video which gives further details about this information and the corporate. The video is out there for viewing on “InvestmentPitch” and on “YouTube”. If these hyperlinks aren’t enabled, please today techs go to and enter “CanXGold” within the search field.

The corporate’s Phoenix property covers a complete space of roughly 9,817 hectares of extensively mineralized floor with 29 previous producing mines, the most important of which is the previous Phoenix copper-gold mine.

Underground mining started at Phoenix in 1900 and attained a peak supply in 1913 of greater than one million tonnes of ore. Labour unrest within the Crowsnest Coalfield not directly pressured closure of the Grand Forks smelter and the mines in 1919. Mining by open pit was re-started at Phoenix in 1959 at a price of two,750 tonnes per day from 1972 till closure in 1976, with complete manufacturing documented as 26,956,525 tonnes of ore containing 971,756 ounces gold, 6,174,712 ounces silver and 230,050 tonnes of copper.

The Phoenix deposit was mined from floor to about 140 meters depth, which corresponded to the bottom of Mesozoic strata, which overlie older Paleozoic strata. The Phoenix deposit is stratabound and confined to the Mesozoic rocks. As such, little or no exploration was finished to seek for mineralization within the Paleozoic rocks that lie beneath Phoenix and the attainable supply or feeder to the Phoenix deposit has by no means been discovered.

If current, it’s anticipated that the type of mineralization can be very totally different than that today techs developed within the Phoenix mine. The Phoenix deposit is a part of a skarn-type deposit fashioned by alternative of carbonate host rocks. Related carbonate rocks aren’t frequent within the Paleozoic strata, so it’s unlikely that skarn-type mineralization can be present in these rocks. An instance of mineralization in Paleozoic rocks is the Golden Crown deposit, a gold-copper sulphide vein system situated 2 to three km southeast of Phoenix.

The primary drill gap is concentrating on the center of a big, 1 km diameter conductivity anomaly recognized within the 2022 VTEM survey, situated close to the historic Phoenix mine. Drilling is progressing and the outlet is now simply coming into the goal space, which lies under 160 meters in depth.

Administration cautions that historic information referred to right here have been examined however not verified by a Certified Particular person and additional work is required to confirm that historic information referred to are correct.

The shares are buying and selling at $0.06. For extra data, please go to the corporate’s web site at www.CanXGold.comcontact Christopher R. Anderson, CEO, at 604-288-2610 or e mail


The knowledge on this Investmentpitch Media Ltd video is for the viewers data solely. CanXGold has paid a price not exceeding $2,000 in money to have its present information launch produced in video format. The company data is predicated on data that’s publicly obtainable. Any data offered by Investmentpitch Media Ltd. by its media providers is to not be construed as a advice or suggestion or supply to purchase or promote securities however is offered solely as an informational media today techs service. Investmentpitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this data. All due diligence ought to be finished by the viewer or their monetary advisor. Investing in securities is speculative and carries threat.

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