Cantex Yemen update
May 02 2013 - 9:00AM
PR Newswire (Canada)
KELOWNA, BC, May 2, 2013 /CNW/ - Cantex Mine Development
Corp. (CD : TSX-V) (the "Company") is pleased to provide an
update on its exploration project in Yemen.
Al Hariqah Gold Project
The Company's partner on this project, WCP
Resources Ltd. ("WCP"), has filed their quarterly report for the
period January-March 2013 with the
Australian Securities Exchange. Highlights of this report
include:
- Drilled four holes for 538m as part of a limited ongoing
drilling program. Two drill rigs were operating during the
quarter.
- Appointed Mr. Mohamed Farghally
as Exploration Manager for the Al Hariqah Project. Mr. Farghally is
a gold exploration geologist with over 15 years' experience and
most recently was Chief Production Geologist at the Sukari Gold
Mine in Egypt, which has gold
reserves of over 10 million ounces.
- WCP will now look to accelerate its exploration efforts at the
Al Hariqah Project, which will involve an expanded drilling program
and the shipment of a backlog of drill samples requiring assay,
using a combination of local sample preparation and offshore
assaying.
- Results from the ongoing drilling program, together with
extensive previous drilling, will provide a solid base for an
updated geological model for the Al Hariqah Project and, if
appropriate, the Company will look to prepare an initial Mineral
Resource estimate in accordance with the JORC Code.
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.
SOURCE Cantex Mine Development Corp.
Copyright 2013 Canada NewsWire
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