Fipke’s Cantex hits sulphides in Yemen

Vancouver — Cantex Mine Development (CD-V) has intersected encouraging values of disseminated sulphides at its Suwar nickel-copper-cobalt project in Yemen.

Hole 6, the first to test a 1.1-km-long electromagnetic (EM) anomaly, intersected 5-25% disseminated sulphides starting at a depth of 31 metres.

The intercept extends the mineralized zone at least 800 metres, though infill drilling will be needed to establish continuity.

The mineralization at Suwar appears to be associated with a differentiated, basic-to-ultrabasic intrusion. This type of deposit, also known as “gabbroid,” hosts many of the world’s high-grade nickel deposits.

Cantex intends to drill four more holes to test the EM anomaly where it coincides with a gossanous outcrop that extends 450 metres north from hole 6.

Fourteen samples from four sites along the gossanous zone were found to contain levels of nickel and copper not unlike those found over the previously reported Suwar Hill nickel-copper deposit, where massive sulphides containing 1.2-1.5% nickel were intersected.

The company believes the gossan samples along the EM anomaly indicate nickel-mineralized sulphides. More drilling is planned.