CD Cantex Mine Development Corp

KELOWNA, BC, Aug. 13 /CNW/ -- KELOWNA, BC, Aug. 13 /CNW/ - Cantex Mine Development Corp. (CD : TSXV) ("Cantex" or the "Company") is pleased to update progress on three of its exploration projects. Al Hariqah Gold Project, Yemen Core drilling results have recently been received from 15 holes at the Al Hariqah gold project. The upper portions of the holes are drilled using percussion techniques and the holes are then extended with core drilling. The results recently received are from the core drilling extensions. Significant results from the 15 core holes, along with any significant mineralization found in upper portions of the holes drilled with percussion are contained in the following table: ------------------------------------------------------------------------- Percussion Core Gold HOLE Depth Depth Drilling Length From To Grade (m) (m) Technique (m) (m) (m) (g/t) ------------------------------------------------------------------------- RDH-03 70.00 150.29 Core 1.53 87.80 89.33 0.66 ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- RDH-04 54.30 118.78 Core 1.52 107.42 108.94 0.49 ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- RDH-09 40.50 150.05 Percussion 4.50 3.00 7.50 2.85 ------------------------------------------------------------------------- Including 1.50 4.50 6.00 5.98 ------------------------------------------------------------------------- Percussion 1.50 13.50 15.00 0.47 ------------------------------------------------------------------------- Percussion 4.50 21.00 25.50 0.31 ------------------------------------------------------------------------- Percussion 7.50 31.50 39.00 0.45 ------------------------------------------------------------------------- Core 4.57 66.45 71.02 1.11 ------------------------------------------------------------------------- Core 1.53 92.35 93.88 0.31 ------------------------------------------------------------------------- Core 9.15 110.64 119.79 1.23 ------------------------------------------------------------------------- Core 4.57 128.93 133.50 1.06 ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- RDH-11 70.50 151.02 Percussion 4.50 3.00 7.50 0.35 ------------------------------------------------------------------------- Percussion 3.00 9.00 12.00 0.35 ------------------------------------------------------------------------- Percussion 6.00 13.50 19.50 1.44 ------------------------------------------------------------------------- Including 4.50 13.50 18.00 1.82 ------------------------------------------------------------------------- Percussion 6.00 28.50 34.50 0.35 ------------------------------------------------------------------------- Core 5.85 70.50 76.35 0.40 ------------------------------------------------------------------------- Core 10.66 81.08 91.74 0.38 ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- RDH-15 0 150.88 Core 3.05 35.05 38.10 0.50 ------------------------------------------------------------------------- Core 25.35 44.75 70.10 1.39 ------------------------------------------------------------------------- Core 1.53 103.63 105.16 1.12 ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- RDH-17 82.50 150.50 Percussion 1.50 76.50 78.00 0.32 ------------------------------------------------------------------------- Core 3.05 82.50 85.55 0.32 ------------------------------------------------------------------------- Core 6.09 85.55 91.64 1.17 ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- RDH-23 84.00 150.88 Percussion 1.50 4.50 6.00 0.30 ------------------------------------------------------------------------- Percussion 73.50 9.00 82.50 2.09 ------------------------------------------------------------------------- Including 3.00 9.00 12.00 6.95 ------------------------------------------------------------------------- And 1.50 30.00 31.50 3.04 ------------------------------------------------------------------------- And 1.50 43.50 45.00 4.81 ------------------------------------------------------------------------- And 1.50 54.00 55.50 2.41 ------------------------------------------------------------------------- And 1.50 58.50 60.00 2.33 ------------------------------------------------------------------------- And 3.00 61.50 64.50 4.86 ------------------------------------------------------------------------- And 6.00 75.00 81.00 9.63 ------------------------------------------------------------------------- Percussion 1.50 82.50 84.00 0.61 ------------------------------------------------------------------------- Core 4.57 85.53 90.10 1.12 ------------------------------------------------------------------------- Core 24.38 97.72 122.10 1.10 ------------------------------------------------------------------------- Core 1.53 134.29 135.82 1.09 ------------------------------------------------------------------------- Core 7.44 143.44 150.88 1.05 ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- RDH-29 81.00 151.88 Core 4.57 103.93 108.50 1.13 ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- RDH-39 105.00 133.00 Percussion 1.5 28.5 30.0 0.39 ------------------------------------------------------------------------- Percussion 3.0 31.5 34.5 1.29 ------------------------------------------------------------------------- Percussion 4.5 46.5 51.0 0.37 ------------------------------------------------------------------------- Percussion 3.0 51.0 54.0 1.16 ------------------------------------------------------------------------- Including 1.5 52.5 54.0 2.07 ------------------------------------------------------------------------- Percussion 10.5 60.0 70.5 0.33 ------------------------------------------------------------------------- Percussion 10.5 79.5 90.0 1.17 ------------------------------------------------------------------------- Including 1.5 79.5 81.0 1.23 ------------------------------------------------------------------------- And 3.0 82.5 85.5 2.04 ------------------------------------------------------------------------- And 1.5 85.5 87.0 1.30 ------------------------------------------------------------------------- And 1.5 88.5 90.0 1.27 ------------------------------------------------------------------------- Percussion 15.0 90.0 105.0 0.30 ------------------------------------------------------------------------- Core 28.3 105.0 133.3 1.61 ------------------------------------------------------------------------- Core drilling has extended the zones of anomalous mineralization in several of the holes. Four zones of anomalous mineralization were found in hole RDH 09 including 9.15 meters of 1.23 g/t of gold from 110.64 meters. Hole RDH 15 was drilled from surface using core and intersected three zones of anomalous gold mineralization including 25.35 meters of 1.39 g/t from 44.75 meters. Percussion drilling of hole RDH 23 intersected substantial mineralized sections to a depth of 84 meters including 73.5 meters of 2.09 g/t gold from 9 meters depth. Core drilling intersected additional gold mineralization at depth with four anomalous sections totaling 37.92 meters which individually averaged between 1.05 and 1.12 g/t. Significantly, the hole was still in gold mineralization greater than 1 g/t at the bottom of the hole (150.88 meters). Hole RDH 39 was similar to hole RDH 23 in that core drilling extended significant gold mineralization found at shallower depths by percussion drilling. Core drilling intersected 28.3 meters of 1.61 g/t gold from 105 meters to the end of hole at 133.3 meters. Recent drilling has intersected visible gold in two holes: RDH 26 at 70.52m and RDH 34 at 132.01 and 134.25 meters. Cantex geological staff are encouraged by the gold mineralization being open at depth as evidenced by holes RDH 23 and RDH 39. Drilling continues at the Al Hariqah gold project; of the 162 holes 117 are now complete and 45 remain to be deepened by core drilling. A container of percussion and core samples is expected to arrive at the ALS Chemex laboratory in Vancouver in four weeks at which time they will be assayed. Once this drill program is complete a prefeasibility study will be undertaken. Work has been suspended on the Al Hariqah project for the holiday month of Ramadan and will resume in mid September. Suwar Nickel, Copper, Cobalt Project, Yemen At Suwar work is also being suspended for the holiday month of Ramadan. The helicopter borne electromagnetic survey is planned to re-commence in mid September. Nevada Gold Projects In Nevada the Company's contracted drill company, O'Keefe Drilling, was unable to supply a drill within the time frame originally promised. As a result Cantex has now contracted DeLong Construction and Drilling Inc to drill the Leonard Creek project. The Leonard Creek project consists of 127 claims covering 1,062 hectares where historically extensive placer gold mining has occurred. Twelve holes are planned to test resistivity highs and structurally controlled conductive zones as detected by a CSAMT geophysical survey, outcropping sulphur mineralization, siliceous sinter and alteration. Leonard Creek is one of the few places in Nevada where the hard rock source of significant placer gold has yet to be found. In addition to gold, anomalous arsenic, antimony and lead were recovered in heavy mineral samples suggesting a local source to the gold. The geophysical and geological targets to be tested by the drilling could be this hard rock source. Drilling is expected to commence within one week. Cantex is pleased with the continued intersection of anomalous gold mineralization at Al Hariqah, including two holes that demonstrate the mineralization is open to depth. The presence of visible gold in two recent holes is also encouraging. Once 45 holes are extended and the analysis is done Cantex will be in the position to complete a prefeasibility study on the Al Hariqah project. The Company also looks forward to drilling commencing within one week on the first of 13 gold targets contained on its wholly owned Nevada projects. This press release has been prepared by Chad Ulansky P.Geol, a Qualified Person. Signed, Charles Fipke Charles Fipke Chairman 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. %SEDAR: 00010333E Cantex Mine Development Corp., 203-1634 Harvey Ave., Kelowna, BC, V1Y 6G2, Tel (250) 860 8582, Fax (250) 860 1362, Email cantex@shaw.ca

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