KELOWNA, BC, June 15, 2015 /CNW/ - Cantex Mine Development Corp. (CD:TSXV) ("Cantex" or the "Company") is pleased to provide a progress report for its 100% owned Yukon gold projects.
Soil-Talus Sample Results from North Rackla
Cantex has now received all 6,091 results from last year's summer program at the wholly owned North Rackla project in the Yukon. These results have identified eight areas anomalous in gold.
These areas are summarized in the following table:
|
Anomaly
|
Size
|
Anomalous Elements
|
|
NR-A1
|
100 x 200m
|
Moderately to strong gold (Au) with arsenic (As), antimony (Sb), silver (Ag), lead (Pb) and zinc (Zn)
|
|
NR-B1
|
100 x 200m
|
Weak to strong Au with Sb
|
|
NR-C1
|
400 x 300+m
|
Weak to strong Au
|
|
NR-C2
|
200 x 350m
|
Weak to strong Au with Zn
|
|
NR-C3
|
400 x 250m
|
Weak to strong Au
|
|
NR-E1
|
350 x 150m
|
Weak to moderate Au with Sb, Ag, Pb and Zn
|
|
NR-F1
|
400 x 250m
|
Weak to strong Au with Ag, Copper (Cu), Cobalt (Co), Pb and Zn
|
|
NR-G1
|
1500+ x 500m
|
Series of anomalies weak to moderate Au with thallium (Tl), As, Sb and nickel (Ni)
|
As seen in the above table several of these anomalies are of significant size, including two anomalies, NR-C1 and NR-G1, which are not closed off by the current sampling. Anomaly NR-G1 which consists of a series of anomalies measuring 500 metres wide and extending at least 1500 metres in length. This series of anomalies is open to both ends.
Soil-Talus Sample Results from Mt Good
All of the sample results have also now been received for the Mt Good claim block. These results have defined 45 significant areas with anomalous gold.
|
Anomaly
|
Size
|
Anomalous Elements
|
|
MG-A1
|
850 x 100m
|
Weak to strong Au with As
|
|
MG-B1
|
200 x 200m
|
Weak to moderate Au with As
|
|
MG-D1
|
600 x 300+m
|
Weak to strong Au with As, Sb and Tl
|
|
MG-E1
|
400+ x 300+m
|
Weak to strong Au with Sb, Tl, Cu and Co
|
|
MG-F1
|
600 x 800+m
|
Weak to strong Au with As, Sb and Tl
|
Anomalies MG-D1, MG-E1 and MG-F1 require additional sampling to determine their extents. Of note is anomaly MG-F1 which measures 600 metres wide and over 800 metres in length and is anomalous in gold along with the pathfinder elements arsenic, antimony and thallium.
Summer Program
Cantex is planning a summer field program which will commence with a prospecting and rock sampling program of the North Rackla and Mount Good anomalies. Soil samples will also be collected where required to close off the open geochemical anomalies (NR-C1, NR-G1, MG-D1, MG-E1 and MG-F1). Geologic mapping and drilling of the most favourable targets will then be undertaken.
The technical information and results reported here have been reviewed by Mr. Chad Ulansky P.Geol ., a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release.
Signed,
Charles Fipke
Charles Fipke
Chairman
About the Company
Beyond the Yukon project Cantex has projects in Yemen and Nevada. In Yemen operations at the advanced Al Hariqah gold project are currently suspended while in Nevada the Company has five drill ready properties along known trends of gold mines and is currently seeking joint venture partners to advance the projects.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Cantex Mine Development Corp.