November 2012 interview with Der Gold Report.

1. Interview with Robert Kramer, H.H:
Executive Chairman and CEO of
Can you give us some background
CANAMEX RESOURCES information about the strategic
(Frankfurt: A1C625, TSX-V: CSQ) investment?
PICTURE Robert Kramer:
HECLA has a stated mandate to make
strategic investments in junior
Hannes Huster:
mining companies with strong
Hi Robert. Thank you very much for management and outstanding
your time and the chance to do the exploration land packages, with the
interview today. objective of expanding its exposure
to under-explored silver-gold mining
I assume you are busy these days
districts in the Americas. Clearly,
after your announcement of the
Canamex met the criteria.
closing of the $2,520,000 strategic
investment by Hecla Canada Ltd., a H.H.:
wholly owned subsidiary of NYSE-
How did the HECLA management
listed HECLA MINING COMPANY.
team become aware of Canamex?
Robert Kramer:
Robert Kramer:
Yes, this has been a very busy and
Canamex is actively exploring for
productive time for Canamex. HECLA
gold on its Bruner property, located
is a $1.5 billion+ company, with over
in Nye County, Nevada, USA. Nevada
a century of experience building and
is one of the most prolific gold
operating mines. It is one of the
producing areas in the world, and is
largest and lowest-cost silver
an area of particular interest for
producers in the United States, and
HECLA. Importantly, earlier in his
we are pleased to have closed this
career, Canamex President Greg
important transaction.
Hahn worked on a volcanic hosted
27. November 2012 Seite 1 von 6

2. epithermal gold deposit with a Simply put, they are looking for gold,
member of the HECLA management just
as
we
are.
I
don’t
think
anyone
team. That association definitely would disagree with my view that
helped to facilitate the process. when it comes to gold, the more we
find the better!
H.H.:
With your July 18, 2012 discovery
hole announcement (118 meters of H.H.
4.08 gpt gold) on the Bruner project,
You just mentioned cash, which is
it seems like a number of experts in
always of interest to my readers.
the industry have a very positive
With the cash injection from HECLA
opinion
about
Canamex’s potential.
your cash position should be very
Dr. Leavitt joined the company a few
comfortable. How long can you work
weeks ago and now HECLA has
with this cash?
completed a strategic investment.
Robert Kramer:
Robert Kramer:
Yes, we have approximately $4.5
Yes, we are pleased with the
million cash in the bank, which
reception we are receiving, and are
should take us comfortably through
grateful to be in a strong cash
2013 and into early 2014.
position which will allow us to
explore Bruner aggressively as we H.H.
move into 2013.
In the mining industry we hear very
H.H.: often, that location is one of the most
important points. What can you tell
Can you explain to my readers what
us about the location of the Bruner
these mining experts are looking for?
project?
I think they are hunting the elephants
and not looking for small gold
projects.
Robert Kramer:
Robert Kramer:
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3. That’s
a
great
question,
and
you
are
during mid-December, and begin the
so correct, location is very important. planning process for next year.
Bruner is located in the Walker Lane
H.H.:
Gold Belt of Nevada, and we have
some well-known neighbors. For When can we expect the next results?
example, Kinross and Barrick operate
the Round Mountain volcanic-hosted Robert Kramer:
gold mine which is located about 70 As soon as results have been received
kilometers southeast of Bruner in the and interpreted, they will be
same structural environment. Round released.
Mountain has produced over 10
million ounces of gold to date, and H.H.:
has about 4 million ounces of
What are your plans for the next 6-12
reserves.
months?
Robert Kramer:
H.H.:
Once all of the results from the
Last August, your President Greg present RC drilling program have
Hahn said the Bruner discovery hole been received and interpreted, we
nailed what was believed to be a new will plan our program for 2013. As I
deposit. said, we have the resources to be
very aggressive, with a focus on three
What are you doing right now on opportunities at Bruner: the Penales
Bruner? East discovery area, the historical
Robert Kramer: resource area, and high grade vein
targets.
We are presently drilling in the
Penales East area of the property, in
the vicinity of the discovery hole, H.H.:
with
a
reverse
circulation
or
“RC”
rig.
We will terminate the program There is a 385,000 ounces of gold
historical resource at Bruner, as
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4. summarized in a Miramar Mining
1993 press release. Do you plan to
Robert Kramer:
upgrade the historical resource to a
NI 43-101 compliant standard? Yes, we believe there are a number of
producers that would like to expand
their gold reserves by adding ounces
Robert Kramer: in the ground in Nevada.
In September of this year, we
announced the results of an 83 day
H.H.:
column leach test which yielded
+85% gold extraction on -3 inch and - Do you think that retail investors and
3/4 inch crush from the historical fund managers understand the
resource area. These results give us potential?
the confidence to think in terms of
further drilling to expand the
historical resource, as well as Robert Kramer:
bringing it up to a NI 43-101
compliant standard. Canamex is relatively unknown, but
that is changing. Our recent
announcements have attracted
interest from retail and institutional
investors in various parts of the
H.H.: world. Going forward, we plan to
attend events such as the Munich
As mentioned earlier, Bruner is very
Gold Show, Mines and Money and
well located and there are mines in
others to build a greater following.
the proximity. Do you see Canamex
as a take-over target if you can
establish a comfortable resource
number? H.H.:
Bruner is the No. 1 target for the
company now, but you also hold the
27. November 2012 Seite 4 von 6

5. Aranka North project in Guyana. Will Bruner in Nevada and at Aranka
you put this one on hold or are you North in Guyana. In Nevada, by the
still active on this project as well? end of next year, we hope to have
demonstrated the true potential of
the Penales East discovery area by
Robert Kramer: way of further drilling, expanded the
historical resource and advanced it to
We are definitely active. Guyana is a potentially NI 43-101 compliant
highly prospective for gold, and our resource, and successfully drilled
Aranka North property is located on high grade vein targets in various
the predominant northeast gold locations on the property. In Guyana,
trend in the country, which hosts having identified drill targets early
over 70% of the gold that has been next year, we hope to have completed
identified to date. We are focused on a successful drill program on the
an area we call the Ridge Anomaly. It Ridge Anomaly. Our objective is to
is approximately 5-7 kilometers long build shareholder value, and we
and 2-2.5 kilometers wide. There are believe we will have taken major
18 streams draining the ridge, and all steps along that path by the end of
are anomalous for gold. We have 2013.
detected gold values as high as 12,
234 ppb, and hope to have a drill
target identified very early next year.
H.H.:
Thank you very much for your time,
H.H.: Robert. I hope you can grow
Canamex in line with your plans, and
Let us take a look in the future. I wish you all the best.
Where do you see Canamex
Resources by the end of next year? Please keep your German
shareholders up-to-date and I hope
Robert Kramer: we will see you again next year in
2013 will be a very important year Munich.
for Canamex Resources, both at
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6. Robert Kramer:
Thank you for your interest in
Canamex, Hannes. We value our
German shareholders, appreciate
their support, and look forward to a
very successful 2013. We will
definitely see you in Munich next
year.
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