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Notes: CIM definitions were followed for Mineral Resources. Mineral Resources are estimated using long-term metal prices ofUS$4.00/lb. Cu, US$17.00/lb. Mo, US$1,400/oz Au, and a US$/CAD$exchange rate of 1.00. The copper equivalent (CuEq) calculation includes a provision fordifferent metallurgical recoveries and smelter pay-out. Metallurgical and payable recoveries are assumed to be 80% for basemetals and 67% for gold. Silver was not used to determine CuEq values. Mineral Resources were estimated using a pit discard cut-off gradeof 0.16% CuEq. The numbers for tonnage, average grade, and contained metals arerounded figures. These resources are constrained by a Whittle optimized pit shelland constitute approximately 69% of total mineralization of theblock model within a conceptual open pit. Carmax notes that due to non-standard sampling techniques inhistoric drilling, some of the past drill holes were not includedin the current in-pit resource estimate. Exploration to date has outlined at least six areas withporphyry-type copper-molybdenum mineralization on the property.Prior published drill results have indicated that the East Zone andthe Bornite Zone host west-northwest trending porphyry type Cu-Momineralization within variably hydrothermally altered granodioriticrocks. In general, low grade gold and silver values are associatedwith Cu-Mo mineralization. The mineralized zones in both areasrange in horizontal thickness from 5 m to 70 m within ahydrothermally altered and mineralized zone ranging from 200 m to250 m in total width. Carmax also notes that Cu-Mo mineralization is open along strikeand at depth, and extends across the contact zone between thegranodiorite and felsic volcanic rocks. These areas will be testedwith an aggressive exploration program, including drilling, duringthe 2012 summer season. Jevin Werbes, President of Carmax, states, "We are very encouragedwith the results of the current resource estimate which indicatethat the resources at the East Zone and Bornite Zone canpotentially be mined by constructing open pits. Our plan is toincrease the tonnage of the deposit and upgrade the classificationfrom Inferred to Indicated Mineral Resources of the Eaglehead Cu-Modeposit on the property by drill testing the remaining mineralizedtargets." Resource Estimation The estimate was carried out using a block model constrained by 3Dwireframes of the principal mineralized domains. Grades for copper,molybdenum, and gold were interpolated into the blocks usingInverse Distance to the Third Power (ID 3 ) weighting. The estimate was further constrained by a Whittle pitshell, generated to demonstrate that the mineralized bodies have areasonable probability of economic extraction, as stipulated inNI43-101 and the CIM Definition Standards and Guidelines. On the basis of a statistical analysis of the sample data, top cutsapplied to the Eaglehead sample data were 7.5% Cu, 0.250% Mo, 50g/t Ag, and 2.5 g/t Au. These top cuts were applied to the sampleassays prior to compositing. The block model used comprises an array of 10 m x 10 m x 5 mblocks, oriented parallel to the property grid. A bulk density of2.7 t/m 3 was applied. The resulting estimate of Mineral Resources was classed asInferred. About the Eaglehead Project The Eaglehead Cu-Mo Project is located approximately 1,100 km northof Vancouver and approximately 48 km east of Dease Lake, a town ofapproximately 200 people, in northwestern British Columbia. Thenorthwest-southeast oriented property extends approximately 28 kmalong strike from Eaglehead Lake at its northwestern extremity toapproximately 8 km past Tournigan River in the southeastern part ofthe property. The property comprises 31 mineral claims consistingof 613 cells covering a total area of approximately 11,410 hectares(ha) in the Liard Mining Division of British Columbia. Copper and molybdenum mineralization on the Eaglehead Property istypical of porphyry Cu-Mo systems associated with hydrothermalalteration assemblages within intermediate volcanic rocks andgranodioritic and monzonitic rocks, similar to other porphyrycopper deposits within the Quesnel Trough of British Columbia.Mineralization is contained in altered rocks, which are localizedby geological structures, and range in size from 5 m to more than100 m wide and more than three kilometres long. Mineralization iscomprised of altered zones, quartz stockworks, and hydrothermalbreccia zones that contain disseminated chalcopyrite and othersulphide minerals. Past work has identified six target areas, andCarmax is hopeful that additional porphyry Cu-Mo targets may bediscovered on the property. About Carmax Carmax is a Canadian company engaged in exploration for bulktonnage copper-molybdenum deposits in northwestern BritishColumbia. The company also has gold and silver projects in Ontario.During the 2011 summer exploration program, the company's objectivewas to better outline the mineralized areas at the East Zone andBornite Zone, and has engaged RPA to estimate the Mineral Resourcesof these two areas, and prepare a NI 43-101 Technical Report on theproperty. Carmax has 27,515,998 shares outstanding and trades onthe TSX Venture Exchange (TSX-V) under the symbol CXM. The resource study was prepared by RPA, under the direction ofDavid W. Rennie, P.Eng., Principal Geologist. Mr. Rennie is anindependent Qualified Person as defined by NI 43-101, and hasreviewed and authorized the release of the mineral resourceestimate presented in this release. Hrayr Agnerian, P.Geo., a Director of Carmax, is a qualified personas defined in NI 43-101, and has reviewed and approved thetechnical information contained in this news release. An NI 43-101 report providing details of this mineral resourceestimate will be filed on SEDAR by the company within 45 days. For further information, please visit the website at to view the Company's profile. Jevin Werbes, President Cautionary Statement on Forward Looking Statement Certain information contained in this news release, includinginformation as to our strategy, projects, plans or future financialor operating performance and other statements that expressmanagement's expectations or estimates of future performance,constitute "forward looking statements". Actual results may differmaterially from those indicated by such statements. All statements,other than historical fact, included herein, including, withoutlimitations statements regarding future production, areforward-looking statements that involve various risks anduncertainties. There can be no assurance that such statements willprove to be accurate and actual results and future events coulddiffer materially from those anticipated in such statements. Carmax Mining Corp. Jevin Werbes 604-921-1810 604-921-1898 (FAX). I am an expert from glogift.com, while we provides the quality product, such as Silicone Ion Sports Watch Manufacturer , Silicone Cup Cover Manufacturer, Negative Ion Wristband,and more.
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