Canamex Resources (CVE:CSQ) (OTCQX:CNMXF) said it will soon release the final results of its 2014 drilling campaign at its Bruner gold project in Nevada, saying it is "very encouraged" by the progress seen to date.
The company, in a statement released today, said it believes there is now sufficient data to produce an NI 43-101 compliant technical report, including a mineral resource estimate. Work has already begun on a technical report, and is expected to be completed in the first quarter.
Following this, Canamex will make a decision on the appropriate next steps at the site.
Since Canamex has been involved in Bruner in 2010, it has drilled 149 core and reverse circulation holes, totaling some 26 km of drilling.
The 2014 campaign was designed to follow up on the success of drill hole B-1340 at the historic resource area of the project, which intersected 57.9 metres grading 5.2 grams per tonne (g/t) gold, and to continue drilling the northern extension of the Penelas East discovery.
The majority of the drilling conducted last year was focused on the historic resource area, where 27 reverse circulation holes and 10 core holes were drilled.
Canamex also owns 100 percent of the Aranka North gold project in Guyana, where it announced the completion of an NI 43-101 compliant technical report last October, which recommended a $500,000 diamond drilling program to test the heart of the gold anomaly.
"While Canamex is encouraged about the potential of the Aranka North Property, the near-term focus of the company will be the Bruner Gold Project," it said.