Cantex Mine Development Corp. : Yukon Update
04/30/2012| 02:42pm US/Eastern
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Fax 250.860.1362 www.cantex.ca info@cantex.ca
CANTEX YUKON UPDATE
Kelowna, Canada - 30th April, 2012 - Cantex Mine
Development Corp. (CD : TSXV) ("Cantex" or the "Company") is
pleased to report all analytical results are complete with
respect to follow-up sampling of its two gold claim groups in
central Yukon as well as its ~2,500 heavy mineral samples
collected from un-staked land extending over 30,000 square
kilometers. These samples were collected from areas underlain
by favorable geology for Carlin-style gold deposits.
CAR Claim Group
The CAR claim group is located 25 kilometers east and up
strike of Atac Resources's ("Atac") Osiris Carlin-style gold
discovery. Ninety two bulk (+/- 10 kg) talus samples were
collected within this claim group. Forty nine of the bulk
samples were analyzed after screening, crushing and
pulverizing whilst the remaining 43 were analyzed using the
heavy mineral analysis procedures of CF Mineral Research Ltd.
in Kelowna, BC for Carlin-style gold sampling.
Nineteen of the 49 pulverized talus samples were anomalous in
key pathfinder elements for Yukon and
Nevada Carlin-style gold mineralization such as arsenic,
antimony, thallium, etc. Thirty seven of the
43 talus samples processed using heavy mineral methods were
found to be anomalous in key pathfinder elements. Three of
the 37 samples anomalous in key pathfinder elements were also
found to be weakly to strongly anomalous in gold.
LIN Claim Group
The LIN claim group is located 14 kilometers southeast of
Atac's Tiger massive sulfide gold discovery. Four bulk (+/-
10 kg) heavy mineral samples were collected from gravels of
major stream draining the claims. These were heavy mineral
processed at CF Mineral Research Ltd. Three of the four
samples contained anomalous (microgram) amounts of key
pathfinder elements. Of the three samples anomalous in key
pathfinder elements one sample's concentrate was moderately
anomalous (4,720 ppb) in gold.
Regional Exploration Program
Cantex collected approximately 2,500 heavy mineral samples
from 30,000 square kilometers of un- staked ground underlain
by geology favorable for Carlin-style mineralization during
the summer of
2011. Of these 150 samples were anomalous in both parts per
billion ("ppb") and micrograms of gold;
87 samples are anomalous in both ppb and micrograms of key
pathfinder elements for Carlin-style gold mineralization.
Forty eight samples are anomalous in both parts per million
and micrograms in all key pathfinders indicative of detecting
Carlin-style mineralization both in Nevada and the Yukon.
Summary
Gold and key pathfinder elements for Carlin-style
mineralization have been detected on both claim groups staked
by Cantex in 2011. Additional sampling aimed at establishing
drill targets on both sets of claims is being planned for
this summer.
Eighty seven gold anomalies accompanied by key pathfinder
elements (arsenic, antimony, thallium, etc) suggest that
local rather than placer sources of gold have been detected.
Forty eight samples are anomalous in all key pathfinder
elements indicative of detecting new local sources of
Carlin-style gold mineralization within the 30,000 square
kilometers explored.
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, Cantex has six drill ready properties in
Nevada along known trends of gold mines and is currently
seeking joint venture partners to advance the projects. In
Yemen, WCP Resources has optioned the Company's Al Hariqah
gold project where delineation drilling continues.
For further information: Cantex Mine Development Corp, Tel:
+250-860-8582, Email: info@cantex.ca
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.
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