Business
Cantex Announces Drill Program Progress at Yukon Gold Project
KELOWNA, BC, Sept. 24, 2014 /CNW/ - Cantex Mine Development Corp. (CD : TSXV) ("Can...
About this update from Cantex Mine Development Corp.
[{"type":"text","content":"\n\nKELOWNA, 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.  \n\nRotary 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.\n\nAs 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.\n\nBedrock 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.\n\nCantex looks forward to these results.\n\nThe 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.\n\nSigned,\n\nCharles Fipke\n\nCharles FipkeChairman\n\nAbout the Company\n\nBeyond 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.\n\nNeither 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. \nSOURCE Cantex Mine Development Corp.\n\n\n\nCantex Mine Development Corp, Tel: +250-860-8582, Email: [email protected] CNW Group 2014","length":2913,"tagName":"div"}]