Canex Metals Inc. press release

Gold Basin Resources field work at Gold Basin Project in Arizona produces positive results

2023-07-18

TSXV - TSX Venture Exchange · Gold · Silver · Copper · Molybdenum · Arsenic · Canada

--News Direct--

Gold Basin Resources CEO Colin Smith joined Steve Darling from Proactive to share news about the company's second quarter 2023 sampling and prospecting program at the Gold Basin gold project in Arizona.

The results have been very promising, as the company has been able to define three kilometre-scale gold anomalies, including significant trends north and southeast of the Cyclopic oxide gold deposit.

Smith explained that the company collected 110 rocks during the program, with 28 samples returning assays of greater than 1 gram per ton (g/t) gold, 11 samples with 5 g/t gold, and 6 samples with 10 g/t gold. Among these, there were remarkable high-grade gold results, including 12.40, 12.55, 15.70, 17.95, 29.00, and 35.50 g/t gold.

Additionally, visible gold was discovered and sampled at seven separate locations, all of which are undrilled and spaced approximately 1 to 2 km apart.

The gold trends remain open in both directions, and Gold Basin Resources plans to expand the sampling to the northwest and southeast in the near future.

Contact Details

Proactive Investors

+1 604-688-8158

na-editorial@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/gold-basin-resources-field-work-at-gold-basin-project-in-arizona-produces-positive-results-298261590