KELOWNA, BC, Nov. 8, 2013 /CNW/ - Cantex Mine Development Corp. (CD : TSXV) ("Cantex" or the "Company") is pleased to report the
geochem results for 143 soil-talus samples that were recently collected
on lines parallel to the original sample line of highly anomalous
gold-arsenic-antimony. These anomalous results from the Company's
North Rackla claim block were reported in the news release dated
October 3, 2013. Analyses have now been received which confirm the
validity of the original highly anomalous gold-arsenic-antimony results
have also been received.
Each of the 143 composite soil-talus samples was collected along the
parallel lines in the same manner as the original composite samples -
each sample comprising five sites each about five meters apart which in
total weigh approximately 1.5 kg. However, due to the onset of winter,
these samples were collected from frozen ground that was covered in
about 30 cm of snow. It is important to note that samples along the
original highly anomalous line were collected in the summer time with
no snow cover. With these types of samples, it is important to find
sites that contain abundant talus-fines. While such sites are common,
in winter conditions the sites were not easily located. Therefore, the
infill samples tend to contain abundant amounts of ice, organics and
alpine glacial clay, instead of the desired talus-fines, which
diminishes the quality of the sample.
As a consequence, only 14 of 143 samples collected under the snow cover,
were weakly to strongly anomalous in gold +/- arsenic +/- antimony.
One of these 14 samples returned the highest gold result of the 5,123
soil-talus results received from the North Rackla project to date. In
fact, this composite result (also highly anomalous in arsenic and
antimony) is 4.5 times more anomalous in gold than the next highest
composite soil-talus gold result.
The Company awaits the results of an additional 6,900 composite
soil-talus samples from the North Rackla claim group and another 6,763
soil-talus samples from the Mt. Good claim group that are still in the
process of being prepared and analyzed. These results will be reported
It is the Company's intention to resample the infill lines from which
143 soil-talus samples were collected in the coming spring, as soon as
the snow melts.
The technical information and results reported here have been reviewed
by Mr. Chad Ulansky P.Geol., a Qualified Person under National
Instrument 43-101, who is responsible for the technical content of this
About the Company
Beyond the Yukon project Cantex has projects in Yemen and Nevada. In
Yemen the advanced Al Hariqah gold project has been optioned to WCP
Resources Ltd of Australia while in Nevada the Company has five drill
ready properties along known trends of gold mines and is currently
seeking joint venture partners to advance the projects.
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.
SOURCE: Cantex Mine Development Corp.
For further information:
Cantex Mine Development Corp, Tel: +250-860-8582, Email: firstname.lastname@example.org