Cantex drill tests Suwar

Junior Cantex Mine Development (CD-V) says it is encouraged by long-awaited drill results from the second phase of diamond drilling on the Suwar nickel-copper-cobalt project in northwestern Yemen.

The Kelowna, B.C.-based company drilled 15 holes in a program spanning 3,095 metres, its objective being to ascertain the attitude and extent of sulphide mineralization.

Several holes were drilled along the margins of a peridotite and olivine gabbro in a coincident nickel anomaly that contains in excess of 500 parts per million nickel.

Highlights from the drill program are as follows:

– Hole Y-02 — 4.3 metres grading 0.37% nickel, 1.01% copper, 0.021% cobalt and 3.78 grams silver per tonne, starting at 30.7 metres down-hole. Farther down-hole, 117.3 metres deep, a 2.7-metre intercept cut 0.91% nickel, 0.5% copper, 0.029% cobalt and 1.51 grams silver.

– Hole Y-05 — 5.64 metres of 0.95% nickel, 0.46% copper, 0.035% cobalt and 1.22 grams silver, starting at 89.45 metres down-hole.

– Hole Y-06 — 0.8 metre of 1.18% nickel, 0.34% copper, 0.052% cobalt and 0.72 gram silver, starting at 38.9 metres down-hole. At a down-hole depth of 69.9 metres, this hole cut a 0.4-metre section averaging 1.64% nickel, 0.57% copper, 0.072% cobalt and 3.3 grams silver.

– Hole Y-07 — 6.1 metres averaging 1.42% nickel, 0.47% copper, 0.084% cobalt and 0.92 gram silver, starting at a down-hole depth of 102.4 metres.

– Hole Y-08 — a 6.1-metre interval of 1.17% nickel, 0.51% copper, 0.062% cobalt and 1.12 grams silver, starting at a down-hole depth of 65.52 metres.

– Hole Y-11 — 6.5 metres averaging 1.23% nickel, 0.45% copper, 0.113% cobalt and 2.02 grams silver, starting at 67.35 metres down-hole. This included a 2.3-metre intersection grading 2.29% nickel, 0.17% copper, 0.019% cobalt and 0.29 gram silver. Farther down-hole, at a depth of 118.1 metres, a 0.6-metre interval cut 3.17% nickel, 0.14% copper, 0.146% cobalt and 0.29 gram silver.

Drill holes Y-9, 10 and 11 were drilled into the Suwar south zone, where anomalous platinum and palladium group minerals were identified in geochemical soil-sampling and rock chip analysis. Platinum group element assay results from these holes are still pending.

The government of Yemen has commissioned a 42-km access road to the property, and Cantex says it has engaged in “serious negotiations concerning a major joint venture agreement.” The Suwar project is 60 km west of the capital city of Sana’a.

Cantex has released the last assays from a 15-hole drill program at the Al Hariqah gold project, also in Yemen, near the villages of Al Hariqah and Saqa’if. This second phase of drilling was designed to provide proof of continuity both across and along strike. All the holes were collared within a 1,200-metre strike length of a 3.5-km gold-in-soil anomaly.

Highlights are as follows;

– Hole 15 — 9 metres averaging 1.22 grams gold and 30 metres grading 1.95 grams gold per tonne.

– Hole 16 — 10.5 metres of 1.46 grams gold and 30 metres averaging 1.39 grams gold.

– Hole 17 — 10.5 metres of 1.12 grams gold.

– Hole 18 — 3 metres of 3.44 grams gold.

– Hole 19 — 4.5 metres of 2.55 grams gold.

– Hole 20 cut three intervals: 10.5 metres averaging 2.79 grams; 10.5 metres of 2.61 grams; and 12 metres of 1.45 grams gold.

– Hole 21 intersected three intervals: 15 metres averaging 1.32 grams gold; 16.5 metres of 2.04 grams gold; and 10.5 metres of 1.09 grams gold.

– Hole 22 — 25.5 metres of 1.48 grams gold.

– Hole 23 — 33 metres of 1.59 grams gold.

– Hole 25 — 25.5 metres of 2.2 grams gold.

– Hole 27 — 6 metres of 1.59 grams gold and 1.5 metres of 5.57 grams gold.

– Hole 28 — 10.5 metres of 1.62 grams gold.

Cantex intends to resume drilling in order to increase the strike length of the mineralization.