Cantex drills 7.5m of 3.53 g/t, 5.5m of 3.26 g/t, 12m of 2.79 g/t and 4.5m of 2.54 g/t gold
December 05 2011 - 9:00AM
PR Newswire (Canada)
KELOWNA, BC, Dec. 5, 2011 /CNW/ - Cantex Mine Development Corp.
("Cantex" or the "Company") is pleased to announce drilling results
from its Al Hariqah gold project. Results from the final 7 holes
from the most recent batch of core samples from the Al Hariqah gold
project have been received. Upper portions of the holes are
typically drilled using percussion techniques and the holes are
then extended with core drilling. 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-M| Core | New |48.72 |98.88 |147.60| 1.19 | | |Including | New
| 7.50 |137.10|144.60| 3.53 | | | | | | | | |
|_____|__________|___________________|______|______|______|__________|
|RDH-N|Percussion|Previously Released| 3.00 |19.50 |22.50 | 0.60 |
| |Percussion|Previously Released| 7.50 |37.50 |45.00 | 1.22 | |
|Percussion|Previously Released|16.50 |45.00 |61.50 | 0.29 | | |
Core | New | 5.55 |68.00 |73.55 | 3.26 | | | Core | New | 3.17
|81.83 |85.00 | 0.43 | | | Core | New |24.69 |91.00 |115.69| 1.35 |
| | Core | New | 6.01 |115.69|121.70| 0.25 | | | | | | | | |
|_____|__________|___________________|______|______|______|__________|
|RDH-O| Core | New | 1.55 | 1.45 | 3.00 | 1.64 | | | Core | New
|11.00 | 9.00 |20.00 | 0.50 | | | Core | New |12.48 |35.37 |47.85 |
1.33 | | | Core | New | 4.15 |52.85 |57.00 | 0.32 | | | Core | New
| 1.50 |60.95 |62.45 | 1.57 | | | Core | New |18.13 |73.13 |91.26 |
1.97 | | |Including | New | 2.50 |85.25 |87.75 | 6.70 | | | | | | |
| |
|_____|__________|___________________|______|______|______|__________|
|RDH-P| Core | New | 6.00 |99.40 |105.40| 0.59 | | | Core | New |
3.00 |123.40|126.40| 0.48 | | | Core | New | 2.20 |128.40|130.60|
1.92 | | | Core | New | 4.50 |145.60|150.10| 0.38 | | | | | | | | |
|_____|__________|___________________|______|______|______|__________|
|RDH-Q| Core | New | 1.00 |32.40 |33.40 | 2.55 | | | Core | New |
4.15 |56.75 |60.90 | 0.34 | | | Core | New | 1.00 |126.20|127.20|
0.64 | | | | | | | | |
|_____|__________|___________________|______|______|______|__________|
|RDH-R|Percussion| Mix |148.74| 6.00 |154.74| 0.89 | | |Including |
New |12.00 |66.00 |78.00 | 2.79 | | |Including | New |12.58
|108.75|121.33| 1.47 | | |Including | New | 4.54 |150.20|154.74|
2.54 | | | | | | | | |
|_____|__________|___________________|______|______|______|__________|
Drilling at the Al Hariqah project continues to intersect gold
mineralization over significant lengths. Hole RDH-M
intersected 48.72 meters of 1.19 g/t gold from a depth of 98.9
meters depth including 7.50 meters of 3.53 g/t gold. Extension of
hole RDH-N by core drilling added to the mineralization previously
reported. New mineralization includes 5.55 meters of 3.26 g/t
gold from 68 meters depth and 24.69 meters of 1.35 g/t gold from 91
meters depth. Hole RDH-O intersected 4 zones of gold mineralization
greater than 1 g/t. The two most significant zones are 12.48
meters of 1.33 g/t gold from 35.37 meters and 18.13 meters of 1.97
g/t gold from 73.13 meters. Hole RDH-R intersected a broad zone of
gold mineralization; 148.74 meters of 0.89 g/t gold from 6 meters
depth. Within this extensive zone several higher grade
sections were intersected including 12 meters of 2.79 g/t gold from
66 meters depth and 4.54 meters of 2.54 g/t gold from 150.2 meters
depth. Summary Cantex is pleased with the continued intersection of
anomalous gold mineralization at Al Hariqah. Drilling
continues at both the Al Hariqah gold and Suwar
nickel-copper-cobalt projects under the supervision of Canadian
geologist Graham Janson. At Al Hariqah there remain 28 holes
to be completed by core drilling. These are the last of a 162
hole program which will form the foundation of a prefeasibility
study on the Al Hariqah gold 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
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