KELOWNA, BC, Sept. 26, 2011 /CNW/ - Cantex Mine Development Corp. (TSXV : CD) ("Cantex") is pleased to announce the progress of its
Yukon exploration program.
Cantex has now completed the processing of its orientation samples.
These samples were collected downstream from areas of known gold
mineralization to determine the optimal methods for detecting the
upstream gold mineralization. All nine orientation samples detected
the upstream gold mineralization. In particular all of the key
pathfinder elements used to detect Carlin style mineralization in
Nevada were anomalous in the downstream samples. The results of these
samples are being used to guide the processing of the exploration
Processing has commenced on 767 of the 2,495 samples that were
collected. Of these, 249 are now being readied for gold and key
pathfinder element analysis.
The results of these samples will be used to define areas within the
30,000 km2 of favorable geology surveyed that could host gold mineralization.
These areas will then be staked and follow up exploration will
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
Neither the 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:
Chad Ulansky, President & CEO
(250) 860 - 8582