Canamex begins baseline biological studies at Bruner

May 8, 2018

2018-05-07 12:08 ET – News Release

Mr. David Vincent reports

CANAMEX GOLD CORP. COMMENCES BASELINE BIOLOGICAL STUDIES AT THE BRUNER GOLD PROJECT

Canamex Gold Corp. has commenced baseline biological studies as the first step toward the permitting of mine development at the Bruner gold project in Nevada.

Baseline biological studies

Canamex has signed a services agreement with Western Biological for the commencement of baseline biological studies for permitting of the Bruner gold project for mine development. The objective of the biological study is to establish baseline biological data across the property for both the phase 1 and phase 2 development scenarios outlined in the preliminary economic assessment (PEA) announced on Jan. 7, 2018, and released on Jan. 25, 2018. Initial studies involve an extensive helicopter-supported raptor survey across the property and within a 10-mile radius surrounding the proposed mine development site. That survey commenced on April 25, 2018. Additional baseline studies will follow throughout Q2 2018 to provide the foundation for mine development permitting. Welsh Hagen Associates (Nevada) will manage the baseline studies and permitting process on behalf of the company.

Comments from management

Greg Hahn, president and chief operating officer, stated: “Commencement of baseline biological studies is the first and primary step in the mine development permitting process. This establishes the path forward that the company has committed to take to bring the Bruner gold project through permitting, and to a shovel-ready status for a production decision and construction financing.”

David Vincent, chief executive officer, stated: “With the commencement of the permitting process, the board of the company is currently considering various options for project development and potential construction financing of the Bruner gold project. Further details will be announced once a decision has been made.”

About Canamex Gold Corp.

Canamex Gold is engaged in advancing the Bruner gold project, located in the prolific gold jurisdiction of Nye county, Nevada. The region is home to several producing and past-producing mines along the Walker Lane trend. Canamex completed a positive preliminary economic assessment on the Bruner gold development project in 2016. Based on additional drilling conducted on the property, the company completed an updated PEA in 2018, which significantly advances the project.

https://canamexgold.com/news/