KELOWNA, BC, May 2, 2013 /CNW/ - Cantex Mine Development Corp. (CD : TSX-V) (the "Company") is pleased to provide an update on its
exploration project in Yemen.
Al Hariqah Gold Project
The Company's partner on this project, WCP Resources Ltd. ("WCP"), has
filed their quarterly report for the period January-March 2013 with the
Australian Securities Exchange. Highlights of this report include:
Drilled four holes for 538m as part of a limited ongoing drilling
program. Two drill rigs were operating during the quarter.
Appointed Mr. Mohamed Farghally as Exploration Manager for the Al
Hariqah Project. Mr. Farghally is a gold exploration geologist with
over 15 years' experience and most recently was Chief Production
Geologist at the Sukari Gold Mine in Egypt, which has gold reserves of
over 10 million ounces.
WCP will now look to accelerate its exploration efforts at the Al
Hariqah Project, which will involve an expanded drilling program and
the shipment of a backlog of drill samples requiring assay, using a
combination of local sample preparation and offshore assaying.
Results from the ongoing drilling program, together with extensive
previous drilling, will provide a solid base for an updated geological
model for the Al Hariqah Project and, if appropriate, the Company will
look to prepare an initial Mineral Resource estimate in accordance with
the JORC Code.
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: email@example.com