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Cantex reports 17 drill targets on Nevada gold properties
Cantex reports 17 drill targets on Nevada gold properties.
About this update from Cantex Mine Development Corp.
[{"type":"text","content":"\n\n\n\n\nLOWNA, BC, Dec. 13 /CNW/ - Cantex Mine Development Corp (CD - TSX\nVenture Exchange) (\"Cantex\" or the \"Company\").\nThe Company is pleased to report that it now has 17 priority drill\ntargets at its 100% owned Nevada gold project.\nA preliminary report of the CSAMT geophysical survey conducted on the\nCarico Lake claim group has been received. This survey, conducted over a \none-km2 arsenic anomaly, has defined at least three drill targets. The\ngeophysical results suggest that the area of the arsenic anomaly is underlain\nat depth by Lower Plate carbonaceous limestone. Cantex is most encouraged by\nthese results as Lower Plate rocks host many of the gold deposits presently\nbeing mined in Nevada.\nAt the Company's Bruner claim group the results of the summer's work\nprogram have been made available. A 750 m by 600 m soil/rock gold anomaly\noccurs within the southern portion of a broader 1000 m by 600 m mercury\nanomaly. An air photo interpretation shows the area crosscut by conjugate sets\nof faults and fractures. Much of this anomalous area has no outcrop. Fifteen\ndrill holes are proposed to evaluate the gold anomaly.\nIn addition to the four described above there are three drill targets at\nBaxter Springs, one target at Gold Basin, one target at Weepah South and eight\ndrill targets at the Leonard Creek property.\nThree drill targets are on the Baxter Springs claim group. These targets\nwere defined by geochemical sampling and a CSAMT geophysical survey. The first\ntarget is a resistivity high underlying a gold anomaly with coincident bismuth\nand antimony pathfinder metal anomalies. The second and third targets are\nzones of possibly altered metasediments below a gold anomaly with coincident\narsenic, antimony and mercury pathfinder metal anomalies.\nThe Gold Basin claim group contains one drill target, which is a gold\nanomaly with coincident silver and arsenic anomalies.\nAt the Weepah South claim group a blind IP anomaly is located in\nstructurally complex Paleozoic sedimentary rocks underlying Tertiary\nrhyolites. This geophysical anomaly is on strike from the Weepah Gold Mine,\nwhich is located three kilometres to the north.\nAt Leonard Creek four drill targets were defined by the CSAMT geophysical\nsurvey and four drill targets were identified from surface mapping. The CSAMT\nsurvey detected two buried re...