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Last C$0.04 CAD
Change Today +0.01 / 33.33%
Volume 112.0K
As of 3:59 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

carmax mining corp (CXM) Snapshot

Open
C$0.04
Previous Close
C$0.03
Day High
C$0.04
Day Low
C$0.04
52 Week High
08/28/14 - C$0.12
52 Week Low
06/25/15 - C$0.03
Market Cap
2.9M
Average Volume 10 Days
630.0
EPS TTM
C$-0.02
Shares Outstanding
71.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CARMAX MINING CORP (CXM)

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carmax mining corp (CXM) Details

Carmax Mining Corp., an exploration company, focuses on exploring and developing copper, gold, and silver properties. The company owns a 100% interest in the Eaglehead Cu-Mo project, which comprises 31 mineral claims consisting of 613 cells covering a total area of approximately 11,410 hectares in the Liard Mining Division of British Columbia. It also has a 50% interests in the Whiskey Jack property located in the southwest part of the Abitibi Greenstone belt, along the Kirkland–Larder Lake break near Matachewan. The company was formerly known as Carmax Explorations Ltd. and changed its name to Carmax Mining Corp. in August 2010. Carmax Mining Corp. was incorporated in 2000 and is headquartered in West Vancouver, Canada.

Founded in 2000

carmax mining corp (CXM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

carmax mining corp (CXM) Key Developments

Carmax Mining Corp. Provides Update on 2015 Exploration Program of Eaglehead Copper-Gold-Molybdenum Project

Carmax Mining Corp. announced an update of corporate activities and the proposed 2015 exploration program for Carmax Mining Corp.'s Eaglehead copper-gold-molybdenum project located in northwest British Columbia. The summer program has the objective of incorporating the first 59 diamond drill holes completed on the Eaglehead property prior to 2005 into the current data base, as well as drilling several diamond drill holes to confirm and extend the copper-molybdenite mineralization reported from the Pass Zone. Historical drilling includes widespread mineralization in drill holes over areas in both zones. The drill cores from both zones contain wide intervals of chalcopyrite and bornite mineralization that have not been sampled. The exact meterage and number of drill holes to be completed in 2015 have not been determined and is contingent on the cost of completing the proposed re-logging and core sampling programs. The establishment of water quality sample locations is planned to commence the work necessary to establish a baseline water quality model for the Eaglehead project. The Eaglehead property hosts an NI 43-101 Inferred Mineral Resource estimated to total 102.5 million tonnes at an average grade of 0.29% Cu, 0.010% Mo and 0.08 g/t Au. The mineral 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 CuEq used in the RPA Inc. Technical Report was derived using metal prices of USD 3.50/lb Cu, USD 17/lb Mo, and USD 1,500/oz. Au. Metallurgical and payable recoveries were assumed to be 80% for base metals and 67% for precious metals.

Carmax Mining Corp. Announces Board Appointments

Copper Fox Metals Inc. announced that J. Michael Smith has joined the board of directors of Carmax Mining Corp. Mr. Smith is also a director of Copper Fox, Elmer B. Stewart has been appointed Chairman of the board of directors of Carmax. Mr. Smith has been a director of Copper Fox since September 2004 and was the Executive Vice President until his retirement in September 2013.

Copper Fox Metals Inc. and its Wholly Owned Subsidiary Northern Fox Copper Inc. Announces Results of the Preliminary Metallurgical Testwork for Carmax Mining Corp.'s Eaglehead Copper-Gold-Molybdenum Project Located in Northwest British Columbia

Copper Fox Metals Inc. and its wholly owned subsidiary Northern Fox Copper Inc. announced the results of the preliminary metallurgical testwork for Carmax Mining Corp.'s ('Carmax') Eaglehead copper-gold-molybdenum project located in northwest British Columbia. Three composite samples each representing a different copper grade (0.11%, 0.23% and 0.40%) and a master composite (0.26% copper) were subjected to characterization and open circuit flotation testwork. A total of 10 tests were completed. All the copper is present as copper sulphides, primarily as chalcopyrite and bornite. Six rougher kinetic tests achieved copper recoveries of 92.4% to 97.6%. Potential copper recoveries to the first cleaner test ranged from 89.8% in composite - 1 to 95.5% in composite - 3 with 92.2% recovery in the master composite. Copper recoveries in the third cleaner concentrate ranged from 77.1% to 92.7% with the corresponding concentrate containing between 21.1% and 37.9% copper. The potential metal content of the third cleaner concentrate are 11.8 g/t gold, 96 g/t silver and 0.816% molybdenum with low concentrations of arsenic, selenium and tin. Metal recoveries in the third cleaner concentrate ranged from 65-87% for gold, 71-80% for silver and 17-55% for molybdenum. The testwork suggests that the overall molybdenum recovery may improve in closed circuit testing (locked cycle tests). Tests to upgrade molybdenum recovery in a separate molybdenum cleaner circuit were not completed. The Eaglehead property hosts an NI 43-101 Inferred Mineral Resource estimated to total 102.5 million tonnes at an average grade of 0.29% Cu, 0.010% Mo and 0.08 g/t Au. The NI-43-101 Technical Report was prepared by RPA Inc. by Barry McDonough, P.Geo., and David W. Rennie, P.Eng., both Qualified Persons. The mineral 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 CuEq used in the RPA Inc. Technical Report was derived using metal prices of $3.50/lb Cu, $17/lb Mo, and $1,500/oz. Au. Metallurgical and payable recoveries were assumed to be 80% for base metals and 67% for precious metals.

 

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