KELOWNA, BC, Nov. 14, 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
projects.
Rotary Air Blast Drilling at the Central North Rackla
Anomaly
Results from 206 samples from 156 rotary air blast (RAB) drill
holes have just been received from the Central North Rackla anomaly
for the most part covered in locally derived glacial
till. Fire assay by ALS Chemex detected anomalous gold values
in 24 samples from 14 holes ranging up to 183 ppb.
Four of the most anomalous gold samples received were in excess
of the highest gold value of 75ppb reported in the news release of
October 30, 2014. Three of these
samples consist of basal till with partial bedrock which suggests
that the strongly gold mineralized bedrock sought has not yet been
intersected.
One of the high gold anomalous partial till samples came from a
hole drilled near the highest gold-arsenic-antimony soil-talus
result. Owing to the onset of winter this soil-talus anomaly
is not yet drilled. Drilling will recommence in the spring
immediately up ice from these highly gold anomalous drill
holes.
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.