Cantex Announces Drill Program Progress at Yukon Gold Project

KELOWNA, BC, Sept. 24, 2014 /CNW/ - Cantex Mine Development Corp. (CD : TSXV) ("Cantex" or the "Company") is pleased to provide a progress report for its 100% owned Yukon gold project. 

Rotary air blast (RAB) drilling through shallow alpine glacial till overburden into bedrock is continuing at its North Rackla claim block in the Yukon.  To date 169 holes have intersected bedrock and of these 43 have encountered bedrock which is anomalous in arsenic as determined by x-ray fluorescence analysis conducted in the field.

As arsenic, and other key pathfinder elements for Carlin-style mineralization, always accompanies anomalous gold in soil-talus samples from the North Rackla claims, it is anticipated that anomalous gold should be present in samples from the 43 holes which are anomalous in arsenic.

Bedrock samples from all 43 holes anomalous in arsenic have been sent to the C.F. Mineral Research laboratory for crushing, splitting and pulverizing.  The drill samples that have recently arrived should have this preparation complete within a few days and sent to ALS Chemex for fire assay for gold as well as analysis for silver and other elements.

Cantex looks forward to these results.

The technical information and results reported here have been reviewed by Mr. Chad Ulansky P.Geol., a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release.

Signed,

Charles Fipke

Charles Fipke
Chairman

About the Company

Beyond the Yukon project Cantex has projects in Yemen and Nevada.  In Yemen the advanced Al Hariqah gold project has been optioned to WCP Resources Ltd. of Australia while in Nevada the Company has five drill ready properties along known trends of gold mines and is currently seeking joint venture partners to advance the projects.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Cantex Mine Development Corp.