LOWNA, BC, July 4 /CNW/ - Cantex Mine Development Corp (CD - TSX
Venture Exchange) ("Cantex" or the "Company").
The Company is pleased to report gold results for a further 10 holes at
the Al Hariqah gold deposit, Yemen. These results are for the sixth to
fifteenth holes of the 45 hole program designed to provide infill data within
the previously drilled northernmost 1100 meters of the deposit as well as to
broadly delineate gold mineralization over an additional 1,240 meters. As
previously reported, the Al Hariqah gold deposit is more than 4,000 meters
long.
Nine of the ten holes contained significant gold mineralization.
Significant results for these nine holes, as determined by fire assay at ALS
Chemex, an ISO 9001:2000 accredited laboratory in Vancouver, are summarized in
the following table.
<<
------------------------------------------------------------------------
Drill hole Grade Intersection From To
------------------------------------------------------------------------
g/t meters meters meters
------------------------------------------------------------------------
------------------------------------------------------------------------
PDH 10A 1.71 4.5 9.0 13.5
------------------------------------------------------------------------
1.32 6.0 27.0 33.0
------------------------------------------------------------------------
------------------------------------------------------------------------
PDH 21 1.50 33.0 79.5 112.5
------------------------------------------------------------------------
------------------------------------------------------------------------
PDH 41A 11.15 6.0 1.5 7.5
------------------------------------------------------------------------
2.53 10.5 61.5 72.0
------------------------------------------------------------------------
------------------------------------------------------------------------
PDH 43A 1.83 3.0 3.0 6.0
------------------------------------------------------------------------
1.94 3.0 19.5 22.5
------------------------------------------------------------------------
2.44 4.5 42.0 46.5
------------------------------------------------------------------------
1.53 4.5 51.0 55.5
------------------------------------------------------------------------
0.99 3.0 78.0 81.0
------------------------------------------------------------------------
------------------------------------------------------------------------
PDH 44 2.65 30.0 7.5 37.5
------------------------------------------------------------------------
5.78 7.5 54.0 61.5
------------------------------------------------------------------------
------------------------------------------------------------------------
PDH 45 6.21 6.0 10.5 16.5
------------------------------------------------------------------------
2.10 3.0 57.0 60.0
------------------------------------------------------------------------
------------------------------------------------------------------------
PDH 46 4.56 12.0 6.0 18.0
------------------------------------------------------------------------
1.05 9.0 69.0 78.0
------------------------------------------------------------------------
------------------------------------------------------------------------
PDH 47A 1.22 6.0 6.0 12.0
------------------------------------------------------------------------
3.67 18.0 24.0 42.0
------------------------------------------------------------------------
1.26 12.0 57.0 69.0
------------------------------------------------------------------------
>>
The Company is most encouraged with the above results as they are
consistent with previously reported gold values at Al Hariqah and demonstrate
continuity of values within the deposit as well as gold grades typical of
those found in open pit mines.
The program is being conducted using the Company's reverse circulation
percussion drill which drills 90mm diameter holes. Sampling and logging of the
drill cuttings were carried out by Cantex's geologists on site in Yemen.
Sample preparation was conducted at CF Mineral Research Ltd where the samples
were split, crushed, and pulverized prior to shipment to ALS Chemex for
analysis.
At ALS Chemex the gold content is determined using a fire assay with an
AAS finish (Au-AA24). Any samples with gold contents in excess of 10 g/t are
then re-assayed using a fire assay with a gravimetric finish (Au-GRA22).
43 of the 45 planned holes have now been drilled using reverse
circulation percussion techniques. Due to the limited depth capabilities of
the drill using this technique 40 of these holes are being extended by core
drilling. This work is in progress.
The next shipment of samples is expected to arrive in Canada in the
coming week. This shipment contains samples from 26 holes. These samples will
be processed and analyzed when received.
This press release has been prepared by Dr. Peter Gregory, a Qualified
Person.
Signed,
Chad Ulansky
Chad Ulansky
President and Geologist
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
%SEDAR: 00010333E
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