KELOWNA, BC, Oct. 3, 2013 /CNW/ - Cantex Mine Development Corp. (CD : TSXV) ("Cantex" or the "Company") is pleased to provide an update
on its gold exploration program in its North Rackla claim block in the
central Yukon. The claim block is located 15 km north of the Rusty
silver and base metal prospect that was explored underground in the
early 1980's. Equipment to support the underground development and
drilling were mobilized to site using tracked vehicles pulling sleighs
in the winter. As reported on September 25, 2013, the first of the
results from the Company's summer soil sampling program on the North
Rackla claim block have shown eight areas which appear to host gold
mineralization. This release presents follow up work recently
completed on two areas.
Intensely Anomalous Gold - Arsenic - Antimony Carlin-Style Zone
The summer sampling program defined a 300 meter long line of soil-talus
samples which were strongly anomalous in gold (Au), arsenic (As) and
antimony (Sb) which is characteristic of Carlin-type gold
mineralization. Upon receipt of these results a field team, led by
geologists Chad Ulansky and Charles Fipke, flew to the anomalous zone
to collect an additional eight lines of soil-talus sampling (lines
offset to each side of the anomalous line at 25, 50, 100 and 150
Even though the area was covered in about 30 cm of snow, some mapping
was completed on nine exposed outcrops along a creek crosscutting the
300 meter strongly anomalous zone. It was established that the
shale-argillite units trend northeast and dip southeast and are cross
cut by the northwest trending 300 meter strongly anomalous line as well
as all of the eight parallel newly sampled lines. Thus, the 300 meters
is the apparent thickness of the intensely anomalous Au-As-Sb zone.
The true thickness will need to be established by trenching and
drilling while an indication of the strike length will be provided by
the recent soil-talus sampling.
The exposed outcrops of marine shale and argillite contain tiny
disseminated sulphides and are crosscut by quartz-carbonate veinlets
and veins containing disseminated sulphides. Eleven rock samples of
these were collected for analysis for gold and key pathfinder elements
for Carlin-style mineralization.
High Gold (Au) - Silver (Ag) - Arsenic (As) - Antimony (Sb) Zone
The second anomalous zone is located 1,150 meters to the northwest of
the first zone described above. A rock (float) grab sample of a
mixture of vuggy siliceous goethite gossan and vuggy and siliceous
goethite limestone breccia contains 2,910 ppb gold, 77 ppb silver,
7,570 ppb arsenic and 318 ppb antimony. This rock sample was collected
about 25 meters down slope from two soil-talus samples collected over a
50 meter section of line that analyzed moderately to strongly anomalous
in Au, As and Sb.
The crew flew to this area but, due to heavy snow, were unable to obtain
most of the required follow-up samples. However, the crew were able to
obtain three soil-talus samples on a line to within 40 meters of the
anomalous rock talus sample site. It was also found that the 50 meter
northwest trending line upslope was collected across the thickness of
the (locally stromatolitic) limestone stratigraphy that strikes
northeast and dips southeast. Thus, the 50 meters represents an
apparent width of moderately to highly anomalous
gold-arsenic-antimony. Trenching or drilling will be required to
establish the true width.
Both of the anomalous areas recently identified by the first of the
summer's sample results within the North Rackla claim block have been
evaluated in the field. The local geology of both areas is conducive
to hosting gold mineralization and the two areas have apparent widths
of 300 and 50 meters respectively. In total, 142 soil-talus samples
were collected to better define the extent of the mineralization and to
assist in sighting future drill holes. These samples have been sent to
CF Mineral Research Ltd. in Kelowna for preparation prior to analysis.
The forthcoming analytical results should be available in November.
Results from this new Carlin-style gold area will be released when
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