Hp Inc. press release
Cantex Mine Development Corp. - Core drilling in Yemen - The first hole intersects disseminated and massive sulfides
TSXV - TSX Venture Exchange · Silicon · Aluminium · Hydrogen · Lithium · Titanium · Canada
LOWNA, BC, May 13 /CNW/ - Cantex Mine Development Corp (CD - TSX Venture Exchange) ("Cantex" or the "Company"). On April 27, 2005 the Company reported that core drilling would shortly commence along a 1.1 km electromagnetic (UTEM) geophysical anomaly at its Suwar nickel, copper, cobalt project in Yemen. Drilling has now started and the on-site Yemeni geologist reports that disseminated (5-25%) sulfides were intersected from 31 to 84 metres and massive sulfides from 79 to 80 metres in the first hole (Y005-6) drilled. The hole was drilled at minus 45 degrees, at an orientation normal to the UTEM anomaly, and bottomed at 112 meters. It is located 500 meters from the previously drilled mineralization at Suwar Hill and suggests that the mineralized zone discovered at Suwar Hill is at least 800 metres long. However infill drilling (5 holes) is necessary to confirm continuity of the mineralization between Suwar Hill and drill hole Y005-6. The UTEM anomaly extends a further 450 metres north of Y005-6 and 4 additional core holes are planned to test for mineralization within this northerly extension. At the time of writing, a second core hole Y005-7 has been collared. Gossans (rock formed from the weathering of metallic sulfide minerals) outcrop intermittently along the entire length of the UTEM anomaly. Fourteen samples from four sites along this zone have been analyzed and contain similar amounts of nickel and copper to gossans found over the previously reported nickel-copper deposit at Suwar Hill, in which massive sulfide intersections contained typical grades of 1.2% to 1.5% nickel. It is inferred therefore that the gossan samples along the UTEM anomaly reflect nickel-mineralized sulfides. It is expected that this first phase of drilling at Suwar will be completed within the next month. Disseminated and massive sulfide sections discovered will be air freighted to Canada where the sections will be analyzed for nickel, copper, cobalt and platinum group elements. Where potentially commercial metal grades are discovered, infill drilling will be carried out to delineate the resource and broadly determine the potential tons and grade. Mapping is in progress along the projection of the UTEM anomaly between Suwar Hill and Nashir village, 1.6 kilometres to the south-southwest, where significant nickel and copper disseminated and massive sulfide mineralization was drill intersected. Any gossans discovered within this 1.6 km long zone will be tested by core drilling. Three core holes will also be drilled on Suwar Hill to test for Jinchuan style nickel - copper mineralization. This press release has been compiled by Dr Peter Gregory, a Qualified Person.
Charles Fipke Chairman
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