Business
Update for Yemen and Yukon projects
KELOWNA, BC , Jan. 23, 2014 /CNW/ - Cantex Mine Development Corp. (CD : TSXV) ("Cantex...
About this update from Cantex Mine Development Corp.
[{"type":"text","content":"\n\n\nKELOWNA, BC, Jan. 23, 2014 /CNW/ - Cantex Mine Development Corp. (CD : TSXV) (\"Cantex\" or the \"Company\") is pleased to announce the\n results from a further four drill holes targeting extensions to the\n known gold mineralisation and infill drilling at the Al Hariqah Gold\n Project, a prospective and potentially large scale gold project located\n in the Republic of Yemen.  The work on the project is now being lead by\n WCP Resources Ltd (\"WCP\") who have an option to farm into the project\n from Cantex.  In addition Cantex is pleased to provide an update on the\n latest results received from its Yukon project.\n\n\nAl Hariqah Gold Project Highlights:\n\n\n\n\nResults from recent core drilling have again demonstrated potential for\n extension of gold mineralisation to the south of the previously drilled\n northern 1km section (of the total 4km of target strike).\n\n\n\n\n\nFour diamond drill holes drilled in this southern extension returned\n encouraging intercepts including:\n\n\n\n\n\nHole RDH095A:  15.0m @ 3.67g/t Au from 65.0m\n                            9.0m @ 2.46g/t Au from 87.0m\n                            20.0m @ 1.48g/t Au from 112.0m\n                            6.0m @ 4.22g/t Au from 143.0m\n\n\n\nHole RDH085:    7.3m @ 2.99g/t Au from 75.0m\n\n\n\nHole RDH079:    1.5m @ 2.47g/t Au from 72.1m\n\n\n\n\n\nHole RDH095A, which is located 80m south of the last drilled section,\n returned multiple intervals of significant mineralisation, equivalent\n in tenor to previous drill well mineralised holes further to the north.\n\n\n\n\nCantex and WCP continue to be encouraged by these results, especially\n seeing multiple intervals of significant mineralisation from the one\n drill hole. Further assay results from the southern extension will\n continue to be released over the coming months.\n\n\n\n\nFurther drilling is also being planned to test the remaining 3...