Nevada drill program underway
August 27 2010 - 1:04PM
PR Newswire (Canada)
KELOWNA, BC, Aug. 27 /CNW/ -- KELOWNA, BC, Aug. 27 /CNW/ - Cantex
Mine Development Corp. (CD : TSXV) ("Cantex" or the "Company") is
pleased to announce that drilling has commenced on the Leonard
Creek property, Nevada. Three holes have now been completed on the
Company's wholly owned Leonard Creek gold property. Twelve holes
are planned for the project which is located 80km north of the
Crofoot - Lewis Mine. The claims area has historically been
extensively placer mined for gold and is one of the few major
placer areas in Nevada where a hard rock gold mine has yet to be
found as the source of the placer gold. The goal of the current
drill program is to discover this hard rock source of the abundant
placer gold. Drilling will test two areas of outcropping sulphur
mineralization, two areas of siliceous sinter and one area of
alteration. Structurally controlled resistivity highs and vertical
structurally controlled conductive zones as detected by a CSAMT
geophysical survey conducted by Cantex over the claim block will
also be drill tested. All three holes completed to date achieved
target depth. The first hole was drilled to 143 meters, the second
hole to 213 meters and the third hole to 122 meters. A total of 364
samples from these three holes have been submitted to ALS Chemex
where they will be assayed for gold. Cantex looks forward to the
results of the drill program. This press release has been prepared
by Chad Ulansky, P.Geo., 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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