CANEX Metals to Initiate Advanced Survey at Louise Copper-Gold Porphyry

CANEX Metals Inc. will soon begin a district-scale induced polarization (IP) survey at its Louise Copper-Gold Porphyry Project in British Columbia. Scheduled for mid-May, this geophysical survey is crucial for assessing potential copper-gold mineralization. Funded by a 2024 flow-through finance, the IP survey spans a 7-kilometer district and reaches depths of up to 1000 meters.

The known mineral system at Louise extends 1000 meters by 400 meters, reaching 300 meters deep. Despite its expansive size, deep exploration remains largely untapped due to a flat dipping fault. Historic resources include significant copper and gold estimates across indicated and inferred categories.

This initiative aligns with CANEX Metals' strategy to boost exploration in underexplored areas while maintaining dialogue with Mayfair Acquisition Corp. regarding potential consolidations.