Hp Inc. press release
Cantex Mine Development Corp. - Drilling to commence at the Suwar nickel, copper, cobalt deposit, Yemen.
TSXV - TSX Venture Exchange · Silicon · Aluminium · Hydrogen · Lithium · Titanium · Canada
LOWNA, BC, April 27 /CNW/ - CANTEX MINE DEVELOPMENT CORP. ("CD - TSX.V") Cantex Mine Development Corp. ("Cantex" or "the Company") is pleased to report that core drilling will commence next week on the Suwar nickel, copper, cobalt deposit in Northwest Yemen, using the Company's core drill presently in Yemen. The mineralization at Suwar is contained in a layered gabbroid complex measuring at least 32 km long and about 8 km wide. The Company is of the view that the Suwar complex has potential for gabbroid hosted nickel deposits similar to those found at the Jinchuan Mine in China. The initial target is a 1.1-km long electromagnetic (UTEM) geophysical anomaly. Previous drill testing, by the Company was restricted to a 200m long section of the southern part of this anomaly. Significant grades and thickness of massive sulphide hosted nickel, copper, cobalt mineralization were intersected and are summarized in the table below:
<< DDH DRILL WIDTH Nickel Copper Cobalt Silver (meters) % % % g/t 99-1 7.00 1.52 0.68 0.073 1.5 99-2 22.05 1.41 0.91 0.066 2.7 00-5 43.21 0.86 0.46 0.049 1.2 00-7 5.10 1.53 0.53 0.091 0.8 00-8 6.10 1.17 0.51 0.062 1.1 00-11 6.65 1.23 0.32 0.060 1.0
Other credits include traces of platinum group metals and gold
Prospecting and geological mapping has shown that massive gossan and outcropping malachite mineralization (a secondary copper mineral) occur intermittently along the entire 1.1-km strike length of the UTEM anomaly. Recent soil and rock samples collected over the entire length of the UTEM anomaly contain highly anomalous nickel, copper, cobalt values with occasional traces of platinum, palladium, rhodium, silver and gold. These results seem to indicate that the UTEM anomaly reflects a deposit of massive sulphides similar in nature to the sulphides intersected in the 6 drill holes referred to above. Drill testing of the 900 meter long untested part of the UTEM anomaly will be carried out at 100 meter intervals along strike with the objective of identifying a nickel, copper, cobalt resource containing commercial metal grades. In addition to the mineralization seen in the UTEM anomaly, strong nickel, copper and cobalt values have also been drill intersected along the projection of the UTEM anomaly some 1.6-km south of the area covered by the UTEM grid. This 1.6-km zone, in between drill intersections of nickel-copper massive sulfides, will be core drilled to establish whether there is continuity of mineralization. Should additional commercial metal grades be discovered along strike of the aforementioned zone of excellent nickel-copper- cobalt massive sulfide grades, additional drilling will be carried out to delineate the resource and hopefully define a commercial deposit.
Charles Fipke Chairman.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
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