KELOWNA, BC, Sept. 11, 2012 /CNW/ - Cantex Mine Development Corp. (CD : TSXV) ("Cantex" or the "Company") is pleased to report the
successful completion of its summer field program in the Yukon.
Claim Staking Program
Eight claim blocks totaling 1,380 claims covering over 28,000 hectares
have been staked. These claim blocks were staked based on the results
of last year's regional heavy mineral sampling program.
Samples of sediments from the watersheds within the eight claim blocks
were strongly anomalous in gold and key pathfinder elements
characteristically found downstream of Carlin style mineralization in
both Nevada and the Yukon.
Soil sampling of an anomalous area within one of the claim blocks has
commenced and an initial 49 soil samples have been collected.
In addition a total of 1,392 heavy mineral samples were collected both
within the company's claims and in un-staked areas. These samples are
currently en route to the laboratory for processing.
In addition a brief prospecting program on one claim block located an in
situ gossan containing malachite and azurite which reflect high copper
content. The gossan cross cuts the stratigraphy and measures
approximately 1 meter wide.
Within the same claim block a large (100cm x 40cm x 30cm) sub-rounded
boulder, field identified to be rich in realgar was discovered. The
bedrock source of the boulder remains to be located; however, since the
entire watershed upstream is contained within the claim block, it is
thought that the source lies within the Company's claims.
Samples highly anomalous in gold and key pathfinder elements for
Carlin-style mineralization have been discovered by the Company's
30,000 km2 regional exploration program. Cantex has now staked eight claim blocks
totaling 1,380 claims covering these anomalous samples.
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 Cantex has five drill ready properties in Nevada along
known trends of gold mines and is currently seeking joint venture
partners to advance the projects. In Yemen WCP Resources has optioned
the Company's Al Hariqah gold project where delineation drilling
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