KELOWNA, BC, April 30, 2015 /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.
Soil-Talus Sample Results from North Rackla
Cantex has now received results from 5,229 of the 6,091
soil-talus samples collected during last year's summer program at
the wholly owned North Rackla project in the Yukon. These
results have identified nine areas anomalous in gold. The
surface expression of six of these areas have been defined by the
results received to date while the full extent of the remaining
three areas is unknown until further results are received from the
2014 samples.
The six areas which have been defined are as follows. Area
1 consists of a 300 by 500 metre area which is weakly to moderately
anomalous in gold with associated copper, lead and zinc. Area
2 measures 100 by 400 metres and is moderately to very strongly
anomalous in gold with associated lead and zinc. Area 3 is
125 by 400 metres and is weakly to strongly anomalous in gold with
corresponding arsenic. Area 4 consists of a 150 by 300 metre
area weakly to strongly anomalous in gold with associated
zinc. Area 5 measures 250 metres by 400 metres and is weakly
to strongly anomalous in gold. Area 6 is 200 metres by 350
metres and is moderately anomalous in gold and is correlated with
copper, lead, zinc and silver.
The three areas which are awaiting additional results to fully
define their extents are as follows. The first area is 325
metres wide and is moderately to very strongly anomalous in gold
with associated lead and zinc. The second area is 250 metres
wide and is moderately to strongly anomalous in gold and
zinc. The third area is 150 metres wide and is moderately to
strongly anomalous in gold.
Cantex looks forward to receiving the remaining soil-talus
sample results which are expected to fully define these
areas. These results will assist in planning the upcoming
summer field program.
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 operations
at the advanced Al Hariqah gold project are currently suspended
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.