KELOWNA, BC, Jan. 18, 2013 /CNW/ - Cantex Mine Development Corp. (CD : TSXV) ("Cantex" or the "Company") is pleased to provide an update
on its exploration projects in Yemen and the Yukon.
Cantex wishes to confirm that the Company's management is unaware of any
material change in the Company's operations that would account for the
recent increase in market activity.
Yukon Gold Program
The processing and preparation of 1,392 heavy mineral samples collected
from both unstaked areas and within the Company's eight claim blocks
totaling 1,380 claims covering over 28,000 hectares is complete at CF
Mineral Research Ltd in Kelowna, BC. These samples have now been
submitted for analysis in Vancouver, BC to test for gold and key
pathfinder elements characteristically found downstream of Carlin style
mineralization in both Nevada and the Yukon.
Yemen Gold Program
Drilling continues at the Company's Al Hariqah gold project in Yemen
which has been optioned by WCP Resources Ltd of Australia. Two core
drills are now testing the southern extension of the deposit. Most of
the prior drilling has focused on the northern 1,000 meters of the
deposit which has been traced by soil sampling, channel sampling,
geological mapping and limited drilling an additional three kilometers
to the south.
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 and Yemen properties 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.
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