Carmax Mining Corp. (CXM-TSX.V) is a publicly traded Canadian exploration company focused on exploring and developing gold, silver and copper properties with the potential to host world class economic deposits.
Carmax is currently exploring three projects:
- Eaglehead in the prolific Quesnel Trough in Northwestern B.C.
- Whiskey Jack on the Kirkland Larder Lake break in Northern Ontario.
- El Rio & La Angostura in the Dominican Republic.
The Eaglehead property is located in the Liard Mining division approximately 50 km east of Dease Lake in Northwestern B.C. and is being explored for a porphyry copper, molybdenum, gold and silver deposit. Eaglehead is adjacent to Hard Creek Nickel's Turnagain project, which hosts measured and indicated resources of 695,012,000 tonnes grading 0.216% total nickel and 0.014 % cobalt, and it is also 50 km north of Capstone Mining's Kutcho deposit. Five zones of mineralization have been discovered to date at Eaglehead covering a strike length of 8 km . Total lengths of 22,000 m in 95 diamond drill holes have been completed with 36 being drilled by Carmax and 59 being historical.
The Whiskey Jack property lies in the Southwest part of the Abitibi Greenstone belt along the Kirkland-Larder Lake break near Matachewan. The Kirkland Larder Lake break has produced 34 million ounces of gold. The Whiskey Jack is adjacent to Northgate Minerals Corp.'s Young- Davidson which has a proven and probable resource of 2,758,000 ounces of gold . Carmax is presently developing a joint venture agreement with Alexandria Minerals Corp. who has completed its 50% earn in.
Carmax signed a Letter of Intent to acquire ownership of a British Columbia Corporation and its wholly owned Dominican Republic subsidiary specifically for the purpose of acquiring the underlying assets of the subsidiary which consists of a 100% interest in two mineral exploration concessions located in the Dominican Republic. The applications made to the Ministry Industry and Commerce of the Dominican Republic is for the grant of concessions to properties known as La Angostura and El Rio both located in the Tireo Belt of central Dominican Republic.
The two concessions are located approximately 40 km west of the Pueblo Viejo mine (owned by Barrick Gold 60% and Goldcorp Inc 40%) operated by Barrick, which contains a proven and probable reserve of 25.3 million ounces of gold, and achieved commercial production on January 15, 2013 (Barrick news release January 15, 2013).
Exploration has commenced on the two properties.