KELOWNA, BC,
Sept. 25, 2013 /CNW/ - Cantex Mine
Development Corp. (CD : TSXV) ("Cantex" or the "Company") is
pleased to provide an update on its gold exploration program in the
Yukon.
North Rackla Claim Block
Gold (plus 33 elements including arsenic &
antimony) has been analysed for 2,301 of 11,007 soil-talus samples
collected in 2013 on the North Rackla claim group. Eight areas have
been identified with weakly to strongly anomalous gold, arsenic and
antimony; nine areas, with weakly to moderately anomalous gold and
arsenic; and sixteen areas with anomalous arsenic and antimony.
Weakly to strongly anomalous gold results may require additional
lines to be sampled to better define targets for drill testing.
Of particular note is a 300 meter section of a
line in which all but two of eleven samples collected along the
line were intensively anomalous in gold, arsenic and antimony. This
area is located in moderately flat terrain, largely covered by moss
and underlain by Proterozoic marine shale with apparant silicified
argillacous limestone crosscut by geolithic vein quartz with tiny
disseminated pyrite and microscopic ovoid silvery-colored
(arsenian?) pyrite. The area is about 900 meters upslope from a
heavy mineral stream sediment sample that is also strongly
anomalous in gold, arsenic, antimony and all key pathfinder
elements indicative of a Nevada
& Yukon Carlin-style mineralization. Two hundred and seventeen
samples that are anomalous in gold, arsenic and antimony have been
submitted for analysis for thalium and all other key pathfinder
elements indicative of Carlin
style mineralization.
Cantex geologists are extremely pleased with the
preliminary soil-talus geochemical and microscopic results which
indicate areas of Carlin style
gold mineralization has been identified. Core drilling &
trenching will be required to establish gold grades and true
widths.
An additional 1937 soil-talus samples from
Cantex's North Rackla claim group have been prepared at CF Minerals
and sent to Activation Labratories for geochemical analysis.
Results will be reported as soon as received and available for
release.
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 project Cantex has projects in
Yemen and Nevada. In Yemen the advanced Al Hariqah gold project has
been optioned to WCP Resources Ltd of Australia while in Nevada the Company has five drill ready
properties along known trends of gold mines and is currently
seeking joint venture partners to advance the projects.
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.