KELOWNA, BC, Sept. 25, 2013 /CNW/ - Cantex Mine Development Corp. (CD : TSXV) ("Cantex" or the "Company") is pleased to provide an update on its gold exploration program in the Yukon.
North Rackla Claim Block
Gold (plus 33 elements including arsenic & antimony) has been analysed for 2,301 of 11,007 soil-talus samples collected in 2013 on the North Rackla claim group. Eight areas have been identified with weakly to strongly anomalous gold, arsenic and antimony; nine areas, with weakly to moderately anomalous gold and arsenic; and sixteen areas with anomalous arsenic and antimony. Weakly to strongly anomalous gold results may require additional lines to be sampled to better define targets for drill testing.
Of particular note is a 300 meter section of a line in which all but two of eleven samples collected along the line were intensively anomalous in gold, arsenic and antimony. This area is located in moderately flat terrain, largely covered by moss and underlain by Proterozoic marine shale with apparant silicified argillacous limestone crosscut by geolithic vein quartz with tiny disseminated pyrite and microscopic ovoid silvery-colored (arsenian?) pyrite. The area is about 900 meters upslope from a heavy mineral stream sediment sample that is also strongly anomalous in gold, arsenic, antimony and all key pathfinder elements indicative of a Nevada & Yukon Carlin-style mineralization. Two hundred and seventeen samples that are anomalous in gold, arsenic and antimony have been submitted for analysis for thalium and all other key pathfinder elements indicative of Carlin style mineralization.
Cantex geologists are extremely pleased with the preliminary soil-talus geochemical and microscopic results which indicate areas of Carlin style gold mineralization has been identified. Core drilling & trenching will be required to establish gold grades and true widths.
An additional 1937 soil-talus samples from Cantex's North Rackla claim group have been prepared at CF Minerals and sent to Activation Labratories for geochemical analysis. Results will be reported as soon as received and available for release.
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 release.
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: [email protected]