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Cantex to Drill Four Carlin-Type Gold Targets, Nevada
Cantex to Drill Four Carlin-Type Gold Targets, Nevada Canada NewsWire KELOWNA, B...
About this update from Cantex Mine Development Corp.
[{"type":"text","content":"\n\n\n\nCantex to Drill Four Carlin-Type Gold Targets, Nevada\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nKELOWNA, BC, July 15, 2020\n\n\n\nKELOWNA, BC, July 15, 2020 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (the \"Company\") has released an update on the work program at its Nevada gold project. \nDr. Charles Fipke reports\nCantex is pleased to announce that a drill program on its Nevada claims is planned to commence in the Fall of 2020.\nCantex previously completed a heavy mineral stream sediment sampling program in Nevada that resulted in the discovery and staking of several properties containing anomalies of gold as well as key pathfinder elements (such as arsenic, antimony, mercury, thallium and lead), characteristic of bulk mineable heap leach (\"Carlin-style\") gold mineralization. The proprietary heavy mineral processing methods utilised by C.F. Minerals Research Ltd. have been utilized to detect four previously unknown Carlin-style gold deposits now in production in Nevada. \nFollow-up heavy mineral, BLEG and soil-talus sampling as well as prospecting, geophysics, and geologic mapping have established drill targets on four claim blocks, 100% owned by Cantex.  As Cantex's management is focused on the North Rackla project in the Yukon, Discovery Consultants have been engaged to manage the US$800,000 drill program to test all four of the Nevada claim blocks. \nA summary of the four claim blocks to be drilled in 2020 is as follows:\n1) Baxter Springs Property         \nHeavy mineral stream sampling detected anomalous gold and Carlin-style pathfinders within the Baxter Springs property which is underlain by Cambrian to Ordovician shale, limestone and quartzites of the Palmetto Formation. The Palmetto Formation hosts many of Nevada's heap leach gold mines such as Carlin, Cortez as well as the Manhattan Mine, 10 km to the north of the property. The northeast corner of the property is intruded by Cretaceous age granitic rocks.  A major northerly trending block fault crosscuts the property. \...