Hp Inc. press release
Cantex Mine Development Corp. - Eighteen drill holes and cyanide leach tests completed at the Al Hariqah Gold Deposit, Yemen
TSXV - TSX Venture Exchange · Silicon · Aluminium · Hydrogen · Lithium · Titanium · Canada
LOWNA, BC, Dec. 14 /CNW/ - Cantex Mine Development Corp (CD - TSX Venture Exchange) ("Cantex" or the "Company"). The Company is pleased to report that the drilling of the four kilometer long gold zone is progressing at its 100% owned Al Hariqah project. To date 18 of the 45 planned holes have been completed cost effectively using Cantex's core / percussion drill staffed by Yemeni drillers. The drill program is focused on providing additional confidence levels in the distribution of mineralization within the previously drilled 1.1 kilometer section and broadly extend this drill proven zone of mineralization over the four kilometer long strike length. Samples from seven holes have now arrived in Canada and are being prepared for analysis. Preliminary fire assay results for gold and silver are expected in early January. Cyanide extraction results have been completed for grab samples taken from a high grade gold zone at Al Hariqah. The analyses were carried out by Vizon Scitec of Vancouver, BC. A portion of each sample was crushed to approximately 5 mm and another portion was milled to less than 75 micrometers. Gold was then extracted from a 300 gram sub sample of each of the crushed and milled material using 600 grams of 1 g/l sodium cyanide. The results of these tests are presented below.
<< Gold Recovery of Crushed Gold Recovery of Milled Material (5 mm) After Material (75 micro m) After Sample Grade 24 hours 48 hours Grade 24 hours 48 hours
MET 01 64.1 g/t 50.1% 74.4% 64.7 g/t 33.4% 40.9%
MET 03 202.1 g/t 65.9% 64.7% 195.5 g/t 77.6% 98.0%
These tests suggest that the gold at Al Hariqah is best recovered firstly using a gravity method followed by cyanide leach extraction of the gravity tails. These techniques are analogous to the extraction methods at the Sukhaybarat Gold Mine in Saudi Arabia where mining of a deposit of similar geological character and gold grade to Al Hariqah is nearing completion. The average of two assays for each sample is 64.4 g/t and 198.8 g/t, respectively. At current gold prices these samples have in ground values of US $1,074 and $3,314 per ton. The Company is considering developing a mining operation at Al Hariqah to recover near surface gold and these cyanide extraction tests assist in determining the optimal gold recovery circuit. 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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