Hp Inc. press release
Cantex announces progress on Yemen projects
TSXV - TSX Venture Exchange · Silicon · Aluminium · Hydrogen · Lithium · Titanium · Canada
KELOWNA, BC, Jan. 28 /CNW/ - Cantex Mine Development Corp. (CD : TSX Venture Exchange) is pleased to announce the progress on its Suwar nickel - copper - cobalt project and Al Hariqah gold project.
Suwar Nickel - Copper - Cobalt Project
As announced on November 19, 2008 the Company's nickel - copper - cobalt projects in Yemen have been optioned to Vale International S.A, a wholly owned subsidiary of Companhia Vale do Rio Doce (Vale). Vale International S.A. has a work commitment of US$ 2 million to be spent by August 31, 2009 and their geological teams have now commenced work. They currently have both geologists and a geophysicist on site at Suwar.
All existing drill collars have recently been resurveyed with the objective of preparing a topographic base map. This base map will be used for modeling purposes and planning an upcoming drill program.
Al Hariqah Gold Project
The final results from the previous round of drilling at Al Hariqah have been received. Previously unreported highlights are presented in the table below.
Hole Length From To Gold Grade (m) (m) (m) (g/t) PDH 10A 1.04 89.40 90.44 0.33
PDH 14B 6.00 3.00 9.00 0.40
PDH 20 3.00 7.50 10.50 1.49
PDH 20A 4.50 3.00 7.50 1.32 4.50 10.50 15.00 1.87
PDH 24 3.00 1.50 4.50 1.00 3.00 9.00 12.00 0.34 3.00 19.50 22.50 4.20 3.00 36.00 39.00 0.49 13.50 51.00 64.50 1.26 7.50 67.50 75.00 1.28 3.00 100.50 103.50 1.32
PDH 26 1.01 80.73 81.74 0.34
PDH 27A 2.27 115.00 117.27 0.80
PDH 29 1.20 67.50 68.70 0.37 1.73 71.89 73.62 18.00
PDH 30 1.50 18.00 19.50 0.33 4.50 42.00 46.50 0.59 1.50 49.50 51.00 0.31
PDH 36 1.00 68.40 69.40 0.32 1.43 71.55 72.98 0.33
PDH 37A 1.50 67.50 69.00 0.37 7.50 78.00 85.50 0.93 6.00 85.50 91.50 0.32
PDH 39 1.50 7.50 9.00 0.34 1.21 24.00 25.21 0.34 4.62 30.00 34.62 0.31 0.98 42.67 43.65 0.32 6.00 67.05 73.05 0.30
PDH 40 7.50 12.00 19.50 1.88
The assay results in the foregoing table as well as assay results contained in previous news releases bring the total number of reported holes to seventy seven.
A new phase of delineation drilling utilizing two drills on the Al Hariqah gold project has commenced. Previously drilled holes that terminated in potential ore grades are planned to be lengthened. In addition seventy seven new holes totaling 10,255 meters are planned for the next phase of drilling. To date twenty holes totaling 2,169 meters have been completed and 1,148 samples from these holes are now being shipped to Canada for assay.
Cantex continues to negotiate with major companies with the objective of putting the potential heap leach open pittable Al Hariqah deposit into production.
This press release has been prepared by Charles Fipke, a Qualified Person.
Signed,
Chad Ulansky
Chad Ulansky President and Geologist
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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