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.