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The Eaglehead Deposit
The Making of a Monster?
"Carmax’s Eaglehead deposit has world class potential, your author believes it is the best early stage Cu-Mo-Au-Ag project in BC and all of Canada.."
Richard (Rick) Mills
Ahead of the Herd
As a general rule, the most successful man in life is the man who has the best information
Carmax Mining TSX.V – CXM has a 43-101 resource, unusual for such an early stage project but extremely important for investors - it helps to de-risk an investment. An early resource calculation gives ahead of the herd investors a starting point to build upon, is shareholder value increasing exponentially versus monies spent?
You start with:
“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") and contain approximately 662 million pounds copper, 22 million pounds molybdenum, and 265,000 ounces gold.”
You know what you are buying, you also know the current 43-101 resource is on just two of six mineralized zones, it’s open along strike and to depth and the chances of further discovery on the property are very real. A new resource calculation will likely be done after 2015’s drill results are received.
A 2015 resource calc, building on the old resource, will provide the comfort shareholders need to be long term owners via a solid knowledge base & visible resource growth
As early long term share owners you can watch results piled on top of results grow the value of your investment.
Article Link: http://aheadoftheherd.com/Newsletter/2014/Eaglehead-The-Making-of-a-Monster.htm
Eaglehead Project
The Eaglehead property hosts an NI 43-101 Inferred Mineral Resource estimate to contain 103.0 million tonnes at an average grade of 0.29% Cu, 0.010% Mo and 0.08 g/t Au. The NI43-101 Technical Report related to the mineral resource estimate that is filed on Sedar at www.sedar.com was prepared by RPA Inc. (see news release dated May 16, 2012). The resource was estimated at a cut-off grade of 0.16% CuEq, to contain approximately 662 million pounds copper, 22 million pounds molybdenum, and 265,000 ounces gold. The Mineral Resource is contained within two conceptual open pits covering the East and Bornite zones.
The Eaglehead property is located approximately 48 km east of Dease Lake, in northwestern British Columbia. The property covers a total area of approximately 13,540 hectares (ha) in the Liard Mining Division of British Columbia.
The Eaglehead property hosts porphyry style copper-molybdenum-gold-silver mineralization. The mineralization occurs in potassic and phyllic altered granodiorite and quartz feldspar porphyry intrusive rocks. Past work has identified six mineralized zones on the property.
www.carmaxmining.com