Business
Nevada drill program expected to start in 3 weeks
Nevada drill program expected to start in 3 weeks
About this update from Cantex Mine Development Corp.
[{"type":"text","content":"\n\n\n\n Jul. 9, 2010 (Canada NewsWire Group) -- Cantex Mine Development Corp. (CD : TSXV) ("Cantex" or the "Company") is pleased to announce that a drill contract has been signed to commence drilling the Leonard Creek property.\nThe Company is pleased to report that the O'Keefe Drilling Company has been contracted to commence drilling the Leonard Creek property. The Leonard Creek property consists of 127 claims covering 1,062 hectares and is located 80km north of the Crofoot-Lewis Mine. Significantly, the alluviums covering the claims area have historically been extensively placer mined for gold. Leonard Creek is one of the few major placer areas in Nevada where a hard rock gold mine has yet to be found as the source of the placer gold.\nMapping of the project area has identified two areas of outcropping sulphur mineralization, two areas of siliceous sinter and one area of alteration. A CSAMT geophysical survey has also been conducted over the claim group. This survey identified several targets including buried structurally controlled resistivity highs and vertical structurally controlled conductive zones. Both the geophysical targets and geological targets found by mapping are potential sources for the abundant alluvial gold. Twelve holes will test these targets.\nAt the Company's Al Hariqah gold project, 991 meters of core from 15 holes were logged by geologist John Churchill. This core has been divided into 666 samples. Each sample has been crushed at the CF Minerals Ltd laboratory and a +/- 1 kilogram split was sent to the ALS Chemex laboratory in North Vancouver. All of the samples have now arrived at ALS Chemex where they will undergo further preparation and assay for gold. Assay results will be released as when available.\n\nThis press release has been prepared by Chad Ulansky, P.Geo., a Qualified Person.\n\n\n >\n\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.\n\n\n%SEDAR: 00010333E\n\n\n\n","length":2492,"tagName":"div"}]