KELOWNA, BC, June 22 /CNW/ - Cantex Mine Development Corp. (CD : TSXV) ("Cantex") is pleased to announce the commencement of drill testing by Logan Drilling on its Suwar nickel - copper - cobalt project.
The Suwar project is optioned to Vale International S.A ("Vale"), a wholly owned subsidiary of Vale S.A., formerly Companhia Vale do Rio Doce. Vale geologists are currently at Suwar providing technical oversight to the project.
Interpretation of the northern portion of the ground induced polarization (IP) survey is now complete and has identified two significant anomalies for drill testing. The eastern IP anomaly is modeled to be approximately 800 meters long and between 130 and 250 meters wide. The nickel - copper - cobalt massive sulfide mineralization intersected by previous drilling by Cantex on Suwar Hill appears to be an extension of the eastern IP anomaly.
The western anomaly is modeled to be 600 meters long and between 150 and 300 meters wide.
This first NQ (47.6mm diameter) core hole is designed to test the depth extent of the mineralization previously discovered at Suwar Hill. It is being drilled at -70 degrees to a depth of up to 1,000 meters. Upon completion of the hole a down hole electro-magnetic (DHEM) geophysical survey will be conducted.
Subsequent drilling with the large Logan drill rig will test the northern portions of the eastern IP anomaly. Cantex's man-portable core rig will shortly be mobilized to Suwar to commence testing the less accessible western anomaly.
This press release has been prepared by Chad Ulansky, a Qualified Person.
Signed, Charles Fipke Charles Fipke Chairman and Geologist Neither 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.
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