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Started by StentorMedia Oct 01 2010, 21:10
StentorMedia
Junior
Oct 01 2010, 21:10
With gold prices rising once again to new heights, the latest news out of Chuck Fipke's camp has a lot of people excited once again. Could the man that first discovered Canada's Diamonds in the rouged North West Territories be on to a new discovery with the news put out this Friday, September 17th, 2010.
Cheetah Ventures Inc. (CHV.H trading on the TSX.V & CHVFF on the US Pink Sheets) announced Friday that they had signed a Letter of Intent with Chuck Fipke's Cantex Mine Development Corp. in an attempt to develop the companies potential gold mine in the country of Yemen.
Yemen is a country of 23 million people bordering Saudi Arabia, and located approximately 500 miles south west of Dubai. Dubai is one of the fastest growing cities in the world today and offers a major business center to all it's neighbors.
About the Al Hariaah project
The Al Hariqah project is a large body of gold mineralization discovered by Cantex. To date, Cantex has spent over 10-million mapping, sampling and drilling the Al Hariqah project and has identified two parallel zones of gold mineralization 30 metres to 50 metres wide with a strike length of over four kilometres. Mineralization has been intersected from surface to a depth of 200 metres and remains open at depth.
Within the 30-metre-to-50-metre-wide zones are frequent small pods of high-grade mineralization (up to 200 grams per tonne gold). In many cases, this high-grade mineralization contains visible gold.
The reliability of Cantex's historical data is unknown but is considered relevant by the company. The data are non-NI 43-101-compliant and should not be relied upon. It is Cantex's intention to complete an NI 43-10l report on the project; however, final results may produce results that differ substantially from the results stated in this news release.
Once drilling on the remaining 45 holes is complete, a prefeasibility study will be undertaken. All of the data presented in this news release have been previously released by Cantex. An NI 43-101 report on the Al Hariqah project is presently being prepared.
Technical portions of this release have been prepared and reviewed by Chad Ulansky, PGeol, a qualified person under NI 43-101. Mr. Ulansky is the president and director of Cantex.
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Last edit: StentorMedia Oct 20 2010, 22:12
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davids355
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StentorMedia
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davids355
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