Cantex Drills 35 Meters of 5 g/t Gold
November 06 2011 - 2:17PM
PR Newswire (Canada)
KELOWNA, BC, Nov. 9, 2011 /CNW/ - Cantex Mine Development Corp.
("Cantex" or the "Company") is pleased to announce drilling results
from its Al Hariqah gold project. The Company is also pleased to
report that drilling continues after a break for the Ramadan
holiday at both the Suwar nickel-copper-cobalt and Al Hariqah gold
deposits under the direction of Canadian geologist Graham Janson.
Drilling results have recently been received from seven holes at
the Al Hariqah gold project. Upper portions of the holes are
typically drilled using percussion techniques and the holes are
then extended with core drilling. Sample results are pending
from a further 14 holes. The following table presents significant
results that have just been received along with any results
previously reported from the same holes: HOLE Drilling Results
Length From To Gold Grade Technique (m) (m) (m) (g/t) RDH-A
Percussion Previously released 1.50 9.00 10.50 2.11 Core New 35.52
90.18 125.70 5.02 Core Including 3.70 106.38 110.08 33.42 Core New
3.83 138.10 141.93 0.57 RDH-B Percussion Previously released 10.50
10.50 21.00 1.29 Percussion Previously released 3.00 30.00 33.00
1.57 Percussion Previously released 4.50 36.00 40.50 0.34
Percussion Previously released 9.00 49.50 58.50 0.43 Percussion
Previously released 13.50 66.00 79.50 0.43 Core New 13.03 99.20
112.23 1.17 RDH-C Percussion Previously released 78.00 0.0 78.0
3.08 Percussion Including 7.50 25.5 33.0 18.35 Core New 2.16 126.4
128.6 2.00 RDH-D Percussion Previously released 1.5 84 85.5 1.07
Core New 18.2 117.8 136 0.74 Core New 5.91 145.68 151.59 1.31 RDH-E
Percussion New 13.50 0.00 13.50 0.63 Percussion New 1.50 76.50
78.00 0.32 RDH-F Core New 6.30 102.30 108.60 1.24 Drilling at the
Al Hariqah project continues to intersect gold mineralization over
significant lengths. Hole RDH-A intersected 35.52 meters of
5.02 g/t gold from 90.18 meters depth. Within this
intersection was a 3.70 meter section which contains 33.42 g/t
gold. Drilling of the upper portion of RDH-C intersected 78 meters
of 3.08 g/t gold from surface. Extending this hole by core
drilling intersected 2 meters of 2.00 g/t gold from 126.4 meters
depth. Similarly extending the RDH-B percussion hole with core
drilling techniques expanded the mineralization by intersecting
13.03 meters of 1.17 g/t gold. Cantex is pleased with the continued
intersection of anomalous gold mineralization at Al Hariqah.
Once 28 holes are extended and the analysis is done, the Company
will be in the position to complete a prefeasibility study on the
Al Hariqah project. Suwar At the Suwar nickel-copper-cobalt
project, drilling is targeting a high chargeability induced
polarization geophysical anomaly. Company President Chad Ulansky
has been in Yemen working with the government to extend the
deadline for which a prefeasibility study is to be completed on the
Suwar project. 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. Cantex Mine Development Corp. CONTACT:
Cantex Mine Development Corp., 203-1634 Harvey Ave., Kelowna,
BC,V1Y6G2, Tel (250) 860 8582, Fax (250) 860 1362, Email
info@cantex.ca
Copyright
Cantex Mine Development (TSXV:CD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cantex Mine Development (TSXV:CD)
Historical Stock Chart
From Jul 2023 to Jul 2024