KELOWNA, BC, Sept. 24, 2014
/CNW/ - Cantex Mine Development Corp. (CD : TSXV) ("Cantex"
or the "Company") is pleased to provide a progress report for its
100% owned Yukon gold project.
Rotary air blast (RAB) drilling through shallow alpine glacial
till overburden into bedrock is continuing at its North Rackla
claim block in the Yukon. To date 169 holes have intersected
bedrock and of these 43 have encountered bedrock which is anomalous
in arsenic as determined by x-ray fluorescence analysis conducted
in the field.
As arsenic, and other key pathfinder elements for Carlin-style
mineralization, always accompanies anomalous gold in soil-talus
samples from the North Rackla claims, it is anticipated that
anomalous gold should be present in samples from the 43 holes which
are anomalous in arsenic.
Bedrock samples from all 43 holes anomalous in arsenic have been
sent to the C.F. Mineral Research laboratory for crushing,
splitting and pulverizing. The drill samples that have
recently arrived should have this preparation complete within a few
days and sent to ALS Chemex for fire assay for gold as well as
analysis for silver and other elements.
Cantex looks forward to these results.
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.