Carmax Mining Corp.'s Profile

Welcome To The Carmax Explorations HUB On AGORACOM Carmax Explorations Ltd. is a mineral exploration and development company headquartered in Vancouver B.C., Canada.

Carmax Mining Corp. (CXM-TSX.V) is a publicly traded Canadian exploration company which is focused on exploring and developing gold, silver and copper properties with the potential to host world class economic deposits. Carmax is currently exploring three Projects the Eaglehead in the prolific Quesnel trough in Northwestern B.C., the Whiskeyjack on the Kirkland Larder Lake break in Northern Ontario and the Gold Tip in the Cassiar terrane in Northern B.C.

The Eaglehead property is located in the Liard Mining division approximately 50 KM east of Dease Lake in Northwestern B.C. and is being explored for a porphyry copper, molybdenum, gold and silver deposit. The Eaglehead is adjacent to Hard Creek Nickel's Turnagain project, which hosts measured and indicated resources of 695,012,000 tonnes grading 0.216% total Nickel and 0.014 %Cobalt, and it is also 50 Km north of Capstone Mining's Kutcho deposit. At the Eaglehead five zones of mineralization have been discovered to date covering a strike length of 8 KM. Total lengths of 22,000m in 95 diamond drill holes have been completed with 36 being drilled by Carmax and 59 being historical.

The Gold Tip property is located in close proximity to the Silvertip Silver-Lead-Zinc property in Northern B.C. that was recently purchased by Silvercorp Metals Inc. from silver Standard Resources Inc. for $15-million in cash and shares. The advanced stage Silvertip property is just 25 kilometers from the Alaska Highway and has a history of exploration commencing in 1955 when it was explored by Conwest Exploration and others by means of adits with a total length of 2400 meters and by 71,472 meters of both surface and underground drilling in 491 holes. Imperial Metals held the Silvertip property from 1996 until 2002, when it was acquired by Silver Standard.

The Whiskeyjack property lies in the Southwest part of the Abitibi Greenstone belt along the Kirkland-Larder Lake break near Matachewan. The Kirkland - Larder Lake break has produced 34 million ounces of gold. The Whiskeyjack is adjacent to Northgate Minerals Corp.'s Young- Davidson which has a proven & probable resource of 2,758,000 ounces of gold .Carmax is presently developing a joint venture agreement with Alexandria Minerals Corp. who has completed its 50% earn in.

Last changed at 23-May-2014 01:14PM by Moneytospend

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Carmax Mining Corp.
Symbol
CXM
Exchange
TSX-V
Shares
27,515,998
Industry
Metals & Minerals
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