Cantex Yukon Update
September 11 2012 - 9:10AM
PR Newswire (Canada)
KELOWNA, BC, Sept. 11, 2012 /CNW/ - Cantex Mine Development Corp.
("Cantex" or the "Company") is pleased to report the successful
completion of its summer field program in the Yukon. Claim Staking
Program Eight claim blocks totaling 1,380 claims covering over
28,000 hectares have been staked. These claim blocks were
staked based on the results of last year's regional heavy mineral
sampling program. Samples of sediments from the watersheds within
the eight claim blocks were strongly anomalous in gold and key
pathfinder elements characteristically found downstream of Carlin
style mineralization in both Nevada and the Yukon. Sampling Program
Soil sampling of an anomalous area within one of the claim blocks
has commenced and an initial 49 soil samples have been collected.
In addition a total of 1,392 heavy mineral samples were collected
both within the company's claims and in un-staked areas. These
samples are currently en route to the laboratory for processing.
Prospecting Program In addition a brief prospecting program on one
claim block located an in situ gossan containing malachite and
azurite which reflect high copper content. The gossan cross cuts
the stratigraphy and measures approximately 1 meter wide. Within
the same claim block a large (100cm x 40cm x 30cm) sub-rounded
boulder, field identified to be rich in realgar was
discovered. The bedrock source of the boulder remains to be
located; however, since the entire watershed upstream is contained
within the claim block, it is thought that the source lies within
the Company's claims. Summary Samples highly anomalous in gold and
key pathfinder elements for Carlin-style mineralization have been
discovered by the Company's 30,000 km(2) regional exploration
program. Cantex has now staked eight claim blocks totaling 1,380
claims covering these anomalous samples. 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 Cantex has five drill ready properties in Nevada along known
trends of gold mines and is currently seeking joint venture
partners to advance the projects. In Yemen WCP Resources has
optioned the Company's Al Hariqah gold project where delineation
drilling continues. 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, Tel: +250-860-8582,
Email:info@cantex.ca
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