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Gold/Mining/Energy : Yukon Gold Rush II -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (2024)

6/18/2015 8:45:38 PM

From: LoneClone

Respond to of 3069

Cantex Announces Results at Yukon Gold Projects

finance.yahoo.com

Cantex Mine Development Corp. June 15, 2015 3:23 PM

KELOWNA, BC, June 15, 2015 /CNW/ - Cantex Mine Development Corp. (CD:TSXV) ("Cantex" or the "Company") is pleased to provide a progress report for its 100% owned Yukon gold projects.

Soil-Talus Sample Results from North Rackla

Cantex has now received all 6,091 results from last year's summer program at the wholly owned North Rackla project in the Yukon. These results have identified eight areas anomalous in gold.

These areas are summarized in the following table:

Anomaly	Size	Anomalous Elements
NR-A1	100 x 200m	Moderately to strong gold (Au) with arsenic (As), antimony (Sb), silver (Ag), lead (Pb) and zinc (Zn)
NR-B1	100 x 200m	Weak to strong Au with Sb
NR-C1	400 x 300+m	Weak to strong Au
NR-C2	200 x 350m	Weak to strong Au with Zn
NR-C3	400 x 250m	Weak to strong Au
NR-E1	350 x 150m	Weak to moderate Au with Sb, Ag, Pb and Zn
NR-F1	400 x 250m	Weak to strong Au with Ag, Copper (Cu), Cobalt (Co), Pb and Zn
NR-G1	1500+ x 500m	Series of anomalies weak to moderate Au with thallium (Tl), As, Sb and nickel (Ni)

As seen in the above table several of these anomalies are of significant size, including two anomalies, NR-C1 and NR-G1, which are not closed off by the current sampling. Anomaly NR-G1 which consists of a series of anomalies measuring 500 metres wide and extending at least 1500 metres in length. This series of anomalies is open to both ends.

Soil-Talus Sample Results from Mt Good

All of the sample results have also now been received for the Mt Good claim block. These results have defined 45 significant areas with anomalous gold.

Anomaly	Size	Anomalous Elements
MG-A1	850 x 100m	Weak to strong Au with As
MG-B1	200 x 200m	Weak to moderate Au with As
MG-D1	600 x 300+m	Weak to strong Au with As, Sb and Tl
MG-E1	400+ x 300+m	Weak to strong Au with Sb, Tl, Cu and Co
MG-F1	600 x 800+m	Weak to strong Au with As, Sb and Tl

Anomalies MG-D1, MG-E1 and MG-F1 require additional sampling to determine their extents. Of note is anomaly MG-F1 which measures 600 metres wide and over 800 metres in length and is anomalous in gold along with the pathfinder elements arsenic, antimony and thallium.

Summer Program

Cantex is planning a summer field program which will commence with a prospecting and rock sampling program of the North Rackla and Mount Good anomalies. Soil samples will also be collected where required to close off the open geochemical anomalies (NR-C1, NR-G1, MG-D1, MG-E1 and MG-F1). Geologic mapping and drilling of the most favourable targets will then be undertaken.

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.

Signed,

Charles Fipke

Charles Fipke
Chairman

About the Company

Beyond the Yukon project Cantex has projects in Yemen and Nevada. In Yemen operations at the advanced Al Hariqah gold project are currently suspended 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.

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Contact:
Cantex Mine Development Corp, Tel: +250-860-8582, Email: info@cantex.ca