KELOWNA, BC, June 15, 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 all 6,091 results from last year's
summer program at the wholly owned North Rackla project in the
Yukon. These results have identified eight areas anomalous in
gold.
These areas are summarized in the following table:
|
Anomaly
|
Size
|
Anomalous
Elements
|
|
NR-A1
|
100 x 200m
|
Moderately to strong
gold (Au) with arsenic (As), antimony (Sb), silver (Ag), lead (Pb)
and zinc (Zn)
|
|
NR-B1
|
100 x 200m
|
Weak to strong Au
with Sb
|
|
NR-C1
|
400 x
300+m
|
Weak to strong
Au
|
|
NR-C2
|
200 x
350m
|
Weak to strong Au
with Zn
|
|
NR-C3
|
400 x
250m
|
Weak to strong
Au
|
|
NR-E1
|
350 x 150m
|
Weak to moderate Au
with Sb, Ag, Pb and Zn
|
|
NR-F1
|
400 x
250m
|
Weak to strong Au
with Ag, Copper (Cu), Cobalt (Co), Pb and Zn
|
|
NR-G1
|
1500+ x
500m
|
Series of anomalies
weak to moderate Au with thallium (Tl), As, Sb and nickel
(Ni)
|
As seen in the above table several of these anomalies are of
significant size, including two anomalies, NR-C1 and NR-G1, which
are not closed off by the current sampling. Anomaly NR-G1
which consists of a series of anomalies measuring 500 metres wide
and extending at least 1500 metres in length. This series of
anomalies is open to both ends.
Soil-Talus Sample Results from Mt Good
All of the sample results have also now been received for the Mt
Good claim block. These results have defined 45 significant
areas with anomalous gold.
|
Anomaly
|
Size
|
Anomalous
Elements
|
|
MG-A1
|
850 x 100m
|
Weak to strong Au
with As
|
|
MG-B1
|
200 x 200m
|
Weak to moderate Au
with As
|
|
MG-D1
|
600 x
300+m
|
Weak to strong Au
with As, Sb and Tl
|
|
MG-E1
|
400+ x
300+m
|
Weak to strong Au
with Sb, Tl, Cu and Co
|
|
MG-F1
|
600 x
800+m
|
Weak to strong Au
with As, Sb and Tl
|
Anomalies MG-D1, MG-E1 and MG-F1 require additional sampling to
determine their extents. Of note is anomaly MG-F1 which
measures 600 metres wide and over 800 metres in length and is
anomalous in gold along with the pathfinder elements arsenic,
antimony and thallium.
Summer Program
Cantex is planning a summer field program which will commence
with a prospecting and rock sampling program of the North Rackla
and Mount Good anomalies. Soil samples will also be collected
where required to close off the open geochemical anomalies (NR-C1,
NR-G1, MG-D1, MG-E1 and MG-F1). Geologic mapping and drilling
of the most favourable targets will then be undertaken.
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.