KELOWNA, BC, Aug. 27 /CNW/ - Cantex Mine Development Corp. (CD : TSXV) ("Cantex" or the "Company") is pleased to announce that drilling has commenced on the Leonard Creek property, Nevada.
Three holes have now been completed on the Company's wholly owned Leonard Creek gold property. Twelve holes are planned for the project which is located 80km north of the Crofoot - Lewis Mine. The claims area has historically been extensively placer mined for gold and is one of the few major placer areas in Nevada where a hard rock gold mine has yet to be found as the source of the placer gold.
The goal of the current drill program is to discover this hard rock source of the abundant placer gold.
Drilling will test two areas of outcropping sulphur mineralization, two areas of siliceous sinter and one area of alteration. Structurally controlled resistivity highs and vertical structurally controlled conductive zones as detected by a CSAMT geophysical survey conducted by Cantex over the claim block will also be drill tested.
All three holes completed to date achieved target depth. The first hole was drilled to 143 meters, the second hole to 213 meters and the third hole to 122 meters. A total of 364 samples from these three holes have been submitted to ALS Chemex where they will be assayed for gold.
Cantex looks forward to the results of the drill program.
This press release has been prepared by Chad Ulansky, P.Geo., a Qualified Person.
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: For further information: Cantex Mine Development Corp., 203-1634 Harvey Ave., Kelowna, BC, V1Y 6G2, Tel 250 860 8582, Fax 250 860 1362, Email email@example.com