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Cantex Mine Development Corp V.CD

Alternate Symbol(s):  CTXDF

Cantex Mine Development Corp. is a Canada-based exploration stage company. The Company's principal business activity is the acquisition and exploration of mineral properties for commercial mineral deposits. The Company’s primary project is located approximately 100 kilometers northeast of Mayo, Yukon Territory, Canada. The Company has approximately 1,075 claims covering over 21,500 hectares in the Yukon. The Company has a 100% interest in four groups of gold exploration claims comprising of approximately 86 claims. The Company has two projects in Yemen: Al Hariqah (Gold) and Al Masna (Nickel, Copper, Cobalt). The Company owns 60% interest in the Al Hariqah (Gold) project. The Al Hariqah is a gold deposit is located approximately 130 kilometers (km) northwest of Sana'a Yemen. The Al Masna'a nickel, copper, cobalt project is located in the Saadah region approximately 205 km north-northwest of the capital city, Sana'a, and 25 km south of the border with Saudi Arabia.


TSXV:CD - Post by User

Post by piper10on Apr 06, 2006 8:42am
548 Views
Post# 10633565

Al Hariqah Update

Al Hariqah UpdateCantex Mine Development Corp. - New gold results for drilling at the Al Hariqah gold deposit, Yemen KELOWNA, BC, April 6 /CNW/ - Cantex Mine Development Corp (CD - TSX Venture Exchange) ("Cantex" or the "Company"). The Company is pleased to report gold results for drill hole PDH 09A drilled at the Al Hariqah gold deposit, Yemen. These results are for the fifth hole of a 45 hole program designed to provide infill data within the previously drilled northernmost 1100 meters of the deposit as well as to broadly delineate gold mineralization over an additional 1,240 meters. As previously reported, the Al Hariqah gold deposit is more than 4,000 meters long. The Gold results for PDH 09A, as determined by fire assay at ALS Chemex,an ISO 9001:2000 accredited laboratory in Vancouver, average 2.53 g/t over 33 meters from 3 meters depth. Within this intersection there are two higher-grade sections. A 6 meter section from 3 meters depth contains 4.40 g/t and a 15 meter section from 21 meters depth contains 3.46 g/t. PDH 09A was drilled vertically to 105 meters depth and it is an infill hole within the previously drilled area. The hole is 90 mm in diameter, and was drilled using the Company's reverse circulation percussion drill. Sampling and logging of PDH 09A was carried out by Cantex's geologists on site in Yemen. At ALS Chemex the gold content is determined using a fire assay with an AAS finish (Au-AA24). Any samples with gold contents in excess of 10 g/t are then re-assayed using a fire assay with a gravimetric finish (Au-GRA22). The gold values reported for PDH 09A are consistent with previously reported gold values at Al Hariqah and demonstrate continuity of values within the deposit as well as gold grades typical of those found in open pit mines. This press release has been prepared by Dr. Peter Gregory, a Qualified Person. Signed, Chad Ulansky Chad Ulansky President and Geologist
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