Business
Cantex presents Nevada drill program
Cantex presents Nevada drill program
About this update from Cantex Mine Development Corp.
[{"type":"text","content":"\n\n\n\nKELOWNA, BC, Mar. 26, 2010 (Canada NewsWire Group) -- /CNW/ -- Cantex Mine Development Corp. (CD : TSXV) (\"Cantex\" or the \"Company\") is pleased to announce preparations are under way for the upcoming drill program on its Nevada project.Nevada ProjectsIn Nevada the Company has identified 13 drill ready gold targets. These targets are the end result of an extensive exploration program and are located on claims wholly owned by Cantex.Initially, sampling surveys were conducted over known gold mines in Nevada to assess their geochemical signatures. A distinctive suite of pathfinder elements was found to accompany many of the mines. Specifically, anomalous gold, bismuth, antimony, mercury and/or arsenic were found to be associated with significant gold mineralization. With this knowledge a regional geochemical survey was conducted over known gold mine trends in Nevada. Numerous similar geochemical signatures were found and claims were then acquired over these areas.Once the lands were staked focused exploration was undertaken; the anomalies were followed up with geological mapping, soil sampling, rock sampling, trenching and geophysics. The geophysical surveys typically used Controlled Source Audio-frequency Magnetotelluric (CSAMT) techniques. CSAMT is a deep-looking geophysical technique that measures lateral and vertical resistivity contrasts which are important for evaluating the presence of geologic units which are favourable to host large tonnage gold deposits similar to those found elsewhere in Nevada.A summary of the properties and the targets to be tested in the upcoming program are presented below.BrunerThe Bruner property is located 40km northeast of the Paradise Peak Mine and consists of 25 claims covering 209 hectares. Soil sampling identified a 750 x 600 meter gold anomaly at the southern end of a larger mercury anomaly. Sixteen holes have been outlined to test this anomalous area.Carico LakeThe Carico Lake property comprises 42 claims covering 351 hectares located along the prolific Battle Mountain - Eureka trend 25km southwest of the Cortez Mining District. A 292 soil sample survey outlined a 700 by 800 meter area anomalous in arsenic with coincident antimony anomalies along the eastern margin. A CSAMT survey was conducted over the anomalous area and outlined structures conducive to hosting gold mineralizati...