Cantex Commences Drilling Nevada Gold Properties
Cantex Commences Drilling Nevada Gold
Properties
KELOWNA, BC
,
Dec. 16, 2020
/CNW/ -
Cantex Mine Development Corp.
(TSXV: CD) (the
"Company") has commenced drilling on its wholly owned Baxter Springs East property in
Nevada
.
Dr.
Chuck Fipke
reports
HIGHLIGHTS
Drilling has commenced on Baxter Springs East
Three additional properties also ready to drill
Baxter Springs East Project
Drilling has now commenced on the Baxter Springs East project in Nevada. Five holes are planned
on this project, totalling 975 metres of reverse circulation drilling.
The project, staked to cover a gold-anomalous drainage detected by the Company's regional heavy
mineral sampling, lies within the Round Mountain Gold Mine Trend. Subsequent work, including
prospecting, geological mapping, soil-talus sampling and a CSAMT (Controlled Source Audio-
frequency Magneto-Telluric) geophysical survey identified two drill targets. These drill targets are:
A west-northwest trending arsenic – antimony – mercury ± gold anomaly within phyllitic
Paleozoic rocks. The CSAMT survey suggests the anomaly may be fault bound, with two
vertical, moderately resistive zones at depth possibly reflecting altered metasedimentary rocks
A north-northwest trending gold – antimony - bismuth anomaly in an area that the CSAMT
survey shows a resistivity high which could be a block of silicified rock or an intrusive
Cantex looks forward to the results of this drilling.
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
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statements of historical fact, included herein including, without limitation; statements about the
terms and completion of the proposed sale transaction are forward-looking statements. By their
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factors which may cause the actual results, performance or achievements, or other future events,
to be materially different from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include, among others, risks identified in
the management discussion and analysis section of the Company's interim and most recent annual
financial statement or other reports and filings with Canadian securities regulators. Forward
looking statements are made based on management's beliefs, estimates and opinions on the date
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SOURCE
Cantex Mine Development Corp.
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http://www.newswire.ca/en/releases/archive/December2020/16/c7004.html
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For further information:
Cantex Mine Development Corp, Tel: +1-250-860-8582; Email:
CO: Cantex Mine Development Corp.
CNW 09:00e 16-DEC-20