Mr. Charles Fipke reports
UPDATE FOR YEMEN AND YUKON PROJECTS
Cantex Mine Development Corp. has provided the
results from a further four drill holes targeting extensions to the
known gold mineralization and infill drilling at the Al Hariqah gold
project, a prospective and potentially large-scale gold project located
in the Republic of Yemen. The work on the project is now being led by
WCP Resources Ltd. which has an option to farm into the project
from Cantex. In addition Cantex is pleased to provide an update on the
latest results received from its Yukon project.
Al Hariqah gold project highlights
Results from recent core drilling have again demonstrated potential for
extension of gold mineralization to the south of the previously drilled
northern one-kilometre section (of the total four km of target strike).
Four diamond drill holes drilled in this southern extension returned
encouraging intercepts including the following.
Hole RDH095A
- 15.0 metres at 3.67 grams per tonne Au from 65.0 m;
-
9.0 m at 2.46 g/t Au from 87.0 m;
-
20.0 m at 1.48 g/t Au from 112.0 m;
-
6.0 m at 4.22 g/t Au from 143.0 m.
Hole RDH085
- 7.3 m at 2.99 g/t Au from 75.0 m.
Hole RDH079
- 1.5 m at 2.47 g/t Au from 72.1 m.
Hole RDH095A, which is located 80 m south of the last drilled section,
returned multiple intervals of significant mineralization, equivalent
in tenor to previous drill well mineralized holes farther to the north.
Cantex and WCP continue to be encouraged by these results, especially
seeing multiple intervals of significant mineralization from the one
drill hole. Further assay results from the southern extension will
continue to be released over the coming months.
Further drilling is also being planned to test the remaining three kilometres of
underexplored strike directly to the south of the northern one km section.
Previous drilling results
Prior to WCP's involvement 158 holes totalling 19,093 m had been drilled
at the project, comprising 4,145 m of reverse circulation (RC) drilling, 10,192 m of percussion rotary air blast (RAB) drilling and 4,756 m of diamond drilling. Subsequent to WCP's
optioning the project 32 diamond drill holes have been completed
totalling 4,518 m have been drilled.
The drilling completed at the project to date has defined a broad zone
of gold mineralization which is approximately four km in length, up to 500 m
wide, and extends to at least 150 metres depth with several deep holes
ending in mineralization.
Historically, drilling has concentrated on the northern one km of strike
where numerous mineralized intercepts have been returned. The southern
three km of strike has only been subjected to sporadic drilling on the
eastern side which did return gold mineralization that warrants follow-up drilling. The deposit is open along strike to the south, across
strike and at depth.
Initial mineral resource estimate
There has been no resource estimate prepared for the project to date,
however Cantex and WCP believe the project has the potential to host a
large-scale gold project.
Results from the continuing drilling program, together with the extensive
previous drilling, will provide a solid base for an updated geological
model for the project and WCP has indicated it will look to prepare an
initial mineral resource estimate in accordance with the JORC code
during 2014.
Yukon project update
Since the last press release of Dec. 11, 2013, 807 soil-talus and 59
rock analytical results have been received from Activation
Laboratories.
North Rackla soil-talus results
A 175 m soil-talus line was found to be weakly to moderately anomalous in
gold accompanied in all but one sample also weakly to moderately
anomalous in zinc. Another 375 m long line is moderately to strongly
anomalous in gold and in some cases weakly anomalous in zinc.
Several other lines of varying lengths were found to be moderately to
highly anomalous in gold unaccompanied by any anomalous pathfinder
elements. Although some of these anomalies appear to be valid, all
have been resubmitted for check analyses.
Rock grab sample results
Rock grab samples were collected by geologists and field technicians
whenever limonitic, gossanous or mineralized boulders, talus or outcrop
were encountered. Highlights of the 59 grab samples recently analyzed
are presented in the attached table.
Sample Claim block Au Ag Pb Zn Cu
INAA INAA UT7 UT7 UT7
ppb oz/t % % %
KAR00008 N. Rackla 2 0.66 13.80 2.23 0.03
KAR00011 N. Rackla n/a n/a 1.64 19.20 0.30
KAR00024 N. Rackla n/a n/a 2.11 16.80 0.00
KAR00072 N. Rackla n/a n/a 16.00 25.30 0.02
KAR00088 N. Rackla 61 0.61 0.02 0.02 1.74
KAR00107 N. Rackla 35 5.31 1.23 1.32 0.77
KAR00157 Mt. Good 6 0.18 0.00 0.01 1.23
KAR00234 N. Rackla 2 5.00 0.00 0.02 1.38
KAR00236 N. Rackla 154 0.88 0.01 0.10 3.18
KAR00238 N. Rackla 2 5.00 0.09 2.90 0.03
KAR00268 N. Rackla 2 0.32 1.01 11.00 0.13
KAR00391 N. Rackla 2 1.17 0.11 0.08 2.89
* n/a: Not analyzed
The technical information and results reported here have been reviewed
by Chad Ulansky, PGeol, a qualified person under National
Instrument 43-101, who is responsible for the technical content of this
release.
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