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EDMONTON, ALBERTA, May 31, 2007 (CCNMatthews via COMTEX News Network) --
New Cantech Ventures Inc. ("New Cantech") (TSX VENTURE:NCV)(FRANKFURT:C7X) is pleased to announce the results of a recently completed Mineral Resource estimate for the Indi Claims in the Skeena Mining District near Stewart, BC. The Indi Claims, located near the former producing Premier Silbak mine, are part of the "Silver Coin Project" currently being explored by New Cantech's joint venture partners Pinnacle Mines Ltd., and Mountain Boy Minerals Ltd. The Mineral Resource estimate was prepared by MineFill Services, Inc. ("MineFill") of Vancouver, British Columbia.
New Cantech has a 45% joint venture interest in the Indi 9, 10, 11 and 12 mineral claims which comprise 750 ha, out of a total of 2,244.5 ha that comprise the Silver Coin Project (New Cantech does not have any interest in the Silver Coin Project other than the Indi 9, 10, 11 and 12 mineral claims). The only Indi claim to be explored by New Cantech's joint venture partners has been the Indi 9 Claim which is adjacent the Big Missouri and Kansas claims. The Big Missouri and Kansas claims host the majority of the mineral resources of the Silver Coin Project.
The Measured and Indicated Mineral Resource for the Indi claims has been estimated to include 333,900 tonnes grading 0.52 g/t Au, 15.17 g/t Ag, and 0.26% Zn above a cutoff of 0.75 g/t Au-equivalent. An additional 590,000 tonnes grading 0.61 g/t Au, 3.94 g/t Ag and 0.21% Zn are classed as Inferred. These Resources have been estimated in compliance with CIM (2000). Au-equivalent cutoff grades are based on $525/oz for Au, $10/oz for Ag, $2.4/lb for Cu and $2/lb for Zn. Results are presented in Table 1. Results for a range of cutoff values are presented in Table 2.
Table 1
Mineral Resource Estimate for the Indi Claim
(above a cutoff of 0.75 g/t Au-eq)
------------------------------------------------------------------
Au Ag Zn Au Au-Eq(i)(oz)
Class Tonnes g/t g/t % (oz) (Au, Ag only)
------------------------------------------------------------------
Measured 54,160 0.66 6.47 0.38 1,160 1,370
------------------------------------------------------------------
Indicated 279,740 0.49 16.85 0.23 4,420 7,300
------------------------------------------------------------------
M+I 333,910 0.52 15.17 0.26 5,570 8,670
------------------------------------------------------------------
Inferred 589,520 0.61 3.94 0.21 11,540 12,960
------------------------------------------------------------------
Note: Totals may not tally exactly due to rounding,
(i) Au-Eq values calculated at $525/oz for Au, $10/oz for Ag
Table 2
Mineral Resource Estimate for the Indi Claim
-----------------------------------------------------------------------
Cut-off Grade Au Ag Zn Au Au-Eq(i)(oz)
Au-Eq Tonnes g/t g/t % (oz) (Au, Ag only)
-----------------------------------------------------------------------
0.25 5,521,410 0.26 3.16 0.11 45,620 56,300
-----------------------------------------------------------------------
0.5 2,001,460 0.45 5.12 0.17 28,700 34,980
-----------------------------------------------------------------------
0.75 923,420 0.58 8.00 0.23 17,130 21,650
-----------------------------------------------------------------------
1 396,830 0.64 14.67 0.34 8,170 11,730
-----------------------------------------------------------------------
1.25 247,570 0.68 17.73 0.42 5,400 8,080
-----------------------------------------------------------------------
1.5 156,590 0.81 17.48 0.49 4,070 5,750
-----------------------------------------------------------------------
Note: Totals may not tally exactly due to rounding,
(i) Au-eq values calculated at $525/oz for Au, $10/oz for Ag
MineFill assessed the economic potential of the Silver Coin Mineral Resource in an open-pit mining study. That portion of the within-pit Silver Coin Resource on the Indi 9 Claim is estimated to include 119,940 tonnes grading 0.69 g/t Au, 8.85 g/t Ag, and 0.39% Zn above a cutoff of 0.75 g/t Au-equivalent. An additional 168,380 tonnes grading 0.62 g/t Au, 4.75 g/t Ag and 0.37% Zn are classed as Inferred. These resources have been estimated in compliance with CIM (2000). Results are presented in Table 3.
Table 3
Within-pit Mineral Resource Estimate for the Indi 9 Claim
(above a cutoff of 0.75 g/t Au-eq)
------------------------------------------------------------------
Au Ag Zn Au Au-Eq(i)(oz)
Class Tonnes g/t g/t % (oz) (Au, Ag only)
------------------------------------------------------------------
Measured 41,110 0.74 7.78 0.44 970 2,290
------------------------------------------------------------------
Indicated 78,830 0.66 9.41 0.36 1680 3,860
------------------------------------------------------------------
M+I 119,940 0.69 8.85 0.39 2,650 6,150
------------------------------------------------------------------
Inferred 168,380 0.62 4.75 0.37 3,350 7,680
------------------------------------------------------------------
(i) Au-Eq values calculated at $525/oz for Au, $10/oz for Ag
Exploration on the Indi 9 claim comprised 20 diamond drill holes out of a total of 182 drill holes completed at Silver Coin in 2005 and 2006. The Silver Coin resource is based on drilling along 700 m of strike length within a mineralized zone that has been identified over a distance of at least 2,500 m that remains open to the south, east and north. The Silver Coin Mineral Resource remains open to the west on the Indi 9 Claim. Additional drilling is therefore required to delineate the extent of the Silver Coin Mineral Resource on the Indi Property.
Apart from the potential expansion of the Silver Coin Mineral Resource onto the Indi 9 Claim, the exploration potential of the Indi Claims is evident in the presence of numerous mineralization showings (e.g. the Extreme Cu, Dauntless Vein and Dauntless Hill showings on the Indi 9 and Indi 10 Claims; the Last Chance showing on the Indi 11 Claim and a stringer sulphide showing on the Indi 12 Claim) that have not yet been fully explored. A comprehensive exploration program including trenching, sampling and drilling is therefore required for the Indi Property.
A comprehensive program of data verification was undertaken by MineFill prior to the building of a block model in SURPAC. The mineral resource estimate was then generated by ordinary kriging using uncapped gold, silver and zinc values.
MineFill recently filed the results of a Preliminary Economic Assessment (PEA) on the Silver Coin Project and the report has been filed on SEDAR under the Pinnacle Mines Ltd. profile. An updated PEA, including the resources on the Indi claims, will be filed in the New Cantech profile by MineFill and New Cantech within 45 days of this press release.
The exploration on the Indi claims at Silver Coin Project has been conducted pursuant to a joint venture agreement between Pinnacle Mines Ltd., Mountain Boy Minerals Ltd., and New Cantech Ventures Inc.
Dr David Stone, P.Eng. of MineFill Services, Inc., Vancouver, B.C., is a Qualified Person under National Instrument 43-101 and has reviewed and approved the disclosure regarding the mineral resource estimation of MineFill Services Inc.
Dr Warwick Board, P.Geo., of Snowden Mining Industry Consultants Inc. is a Qualified Person under National Instrument 43-101 and retained by New Cantech, has provided an independent Qualified Person's opinion on the context of the Silver Coin Mineral Resource relating to the Indi Property for the purposes of this news release.
About New Cantech
New Cantech is a TSX Venture company focusing on the development of its Lucky Ship Molybdenum Project in northern British Columbia. In addition to the Lucky Ship Project, New Cantech is pursuing other related mineral projects, predominantly in British Columbia, that will add shareholder value.
ON BEHALF OF THE BOARD OF DIRECTORS
James Jacuta, Chairman
NEW CANTECH VENTURES INC.
SOURCE: New Cantech Ventures Inc.
New Cantech Ventures Inc. Dalton B. DuPasquier President & CEO (604) 541-7288 Website: www.newcantech.com
New Cantech Ventures Inc. ("New Cantech") (TSX VENTURE:NCV)(FRANKFURT:C7X) is pleased to announce the results of a recently completed Mineral Resource estimate for the Indi Claims in the Skeena Mining District near Stewart, BC. The Indi Claims, located near the former producing Premier Silbak mine, are part of the "Silver Coin Project" currently being explored by New Cantech's joint venture partners Pinnacle Mines Ltd., and Mountain Boy Minerals Ltd. The Mineral Resource estimate was prepared by MineFill Services, Inc. ("MineFill") of Vancouver, British Columbia.
New Cantech has a 45% joint venture interest in the Indi 9, 10, 11 and 12 mineral claims which comprise 750 ha, out of a total of 2,244.5 ha that comprise the Silver Coin Project (New Cantech does not have any interest in the Silver Coin Project other than the Indi 9, 10, 11 and 12 mineral claims). The only Indi claim to be explored by New Cantech's joint venture partners has been the Indi 9 Claim which is adjacent the Big Missouri and Kansas claims. The Big Missouri and Kansas claims host the majority of the mineral resources of the Silver Coin Project.
The Measured and Indicated Mineral Resource for the Indi claims has been estimated to include 333,900 tonnes grading 0.52 g/t Au, 15.17 g/t Ag, and 0.26% Zn above a cutoff of 0.75 g/t Au-equivalent. An additional 590,000 tonnes grading 0.61 g/t Au, 3.94 g/t Ag and 0.21% Zn are classed as Inferred. These Resources have been estimated in compliance with CIM (2000). Au-equivalent cutoff grades are based on $525/oz for Au, $10/oz for Ag, $2.4/lb for Cu and $2/lb for Zn. Results are presented in Table 1. Results for a range of cutoff values are presented in Table 2.
Table 1
Mineral Resource Estimate for the Indi Claim
(above a cutoff of 0.75 g/t Au-eq)
------------------------------------------------------------------
Au Ag Zn Au Au-Eq(i)(oz)
Class Tonnes g/t g/t % (oz) (Au, Ag only)
------------------------------------------------------------------
Measured 54,160 0.66 6.47 0.38 1,160 1,370
------------------------------------------------------------------
Indicated 279,740 0.49 16.85 0.23 4,420 7,300
------------------------------------------------------------------
M+I 333,910 0.52 15.17 0.26 5,570 8,670
------------------------------------------------------------------
Inferred 589,520 0.61 3.94 0.21 11,540 12,960
------------------------------------------------------------------
Note: Totals may not tally exactly due to rounding,
(i) Au-Eq values calculated at $525/oz for Au, $10/oz for Ag
Table 2
Mineral Resource Estimate for the Indi Claim
-----------------------------------------------------------------------
Cut-off Grade Au Ag Zn Au Au-Eq(i)(oz)
Au-Eq Tonnes g/t g/t % (oz) (Au, Ag only)
-----------------------------------------------------------------------
0.25 5,521,410 0.26 3.16 0.11 45,620 56,300
-----------------------------------------------------------------------
0.5 2,001,460 0.45 5.12 0.17 28,700 34,980
-----------------------------------------------------------------------
0.75 923,420 0.58 8.00 0.23 17,130 21,650
-----------------------------------------------------------------------
1 396,830 0.64 14.67 0.34 8,170 11,730
-----------------------------------------------------------------------
1.25 247,570 0.68 17.73 0.42 5,400 8,080
-----------------------------------------------------------------------
1.5 156,590 0.81 17.48 0.49 4,070 5,750
-----------------------------------------------------------------------
Note: Totals may not tally exactly due to rounding,
(i) Au-eq values calculated at $525/oz for Au, $10/oz for Ag
MineFill assessed the economic potential of the Silver Coin Mineral Resource in an open-pit mining study. That portion of the within-pit Silver Coin Resource on the Indi 9 Claim is estimated to include 119,940 tonnes grading 0.69 g/t Au, 8.85 g/t Ag, and 0.39% Zn above a cutoff of 0.75 g/t Au-equivalent. An additional 168,380 tonnes grading 0.62 g/t Au, 4.75 g/t Ag and 0.37% Zn are classed as Inferred. These resources have been estimated in compliance with CIM (2000). Results are presented in Table 3.
Table 3
Within-pit Mineral Resource Estimate for the Indi 9 Claim
(above a cutoff of 0.75 g/t Au-eq)
------------------------------------------------------------------
Au Ag Zn Au Au-Eq(i)(oz)
Class Tonnes g/t g/t % (oz) (Au, Ag only)
------------------------------------------------------------------
Measured 41,110 0.74 7.78 0.44 970 2,290
------------------------------------------------------------------
Indicated 78,830 0.66 9.41 0.36 1680 3,860
------------------------------------------------------------------
M+I 119,940 0.69 8.85 0.39 2,650 6,150
------------------------------------------------------------------
Inferred 168,380 0.62 4.75 0.37 3,350 7,680
------------------------------------------------------------------
(i) Au-Eq values calculated at $525/oz for Au, $10/oz for Ag
Exploration on the Indi 9 claim comprised 20 diamond drill holes out of a total of 182 drill holes completed at Silver Coin in 2005 and 2006. The Silver Coin resource is based on drilling along 700 m of strike length within a mineralized zone that has been identified over a distance of at least 2,500 m that remains open to the south, east and north. The Silver Coin Mineral Resource remains open to the west on the Indi 9 Claim. Additional drilling is therefore required to delineate the extent of the Silver Coin Mineral Resource on the Indi Property.
Apart from the potential expansion of the Silver Coin Mineral Resource onto the Indi 9 Claim, the exploration potential of the Indi Claims is evident in the presence of numerous mineralization showings (e.g. the Extreme Cu, Dauntless Vein and Dauntless Hill showings on the Indi 9 and Indi 10 Claims; the Last Chance showing on the Indi 11 Claim and a stringer sulphide showing on the Indi 12 Claim) that have not yet been fully explored. A comprehensive exploration program including trenching, sampling and drilling is therefore required for the Indi Property.
A comprehensive program of data verification was undertaken by MineFill prior to the building of a block model in SURPAC. The mineral resource estimate was then generated by ordinary kriging using uncapped gold, silver and zinc values.
MineFill recently filed the results of a Preliminary Economic Assessment (PEA) on the Silver Coin Project and the report has been filed on SEDAR under the Pinnacle Mines Ltd. profile. An updated PEA, including the resources on the Indi claims, will be filed in the New Cantech profile by MineFill and New Cantech within 45 days of this press release.
The exploration on the Indi claims at Silver Coin Project has been conducted pursuant to a joint venture agreement between Pinnacle Mines Ltd., Mountain Boy Minerals Ltd., and New Cantech Ventures Inc.
Dr David Stone, P.Eng. of MineFill Services, Inc., Vancouver, B.C., is a Qualified Person under National Instrument 43-101 and has reviewed and approved the disclosure regarding the mineral resource estimation of MineFill Services Inc.
Dr Warwick Board, P.Geo., of Snowden Mining Industry Consultants Inc. is a Qualified Person under National Instrument 43-101 and retained by New Cantech, has provided an independent Qualified Person's opinion on the context of the Silver Coin Mineral Resource relating to the Indi Property for the purposes of this news release.
About New Cantech
New Cantech is a TSX Venture company focusing on the development of its Lucky Ship Molybdenum Project in northern British Columbia. In addition to the Lucky Ship Project, New Cantech is pursuing other related mineral projects, predominantly in British Columbia, that will add shareholder value.
ON BEHALF OF THE BOARD OF DIRECTORS
James Jacuta, Chairman
NEW CANTECH VENTURES INC.
SOURCE: New Cantech Ventures Inc.
New Cantech Ventures Inc. Dalton B. DuPasquier President & CEO (604) 541-7288 Website: www.newcantech.com
Looool...umd 14:53 kamen die News...danach ein Umsatz von noch nichtmals 1000 Stück 
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Antwort auf Beitrag Nr.: 29.565.395 von DanielK11 am 31.05.07 22:39:34die Nachricht hat vor Handelsschluß wohl keiner mehr mitbekommen hier in Germany,der Hauptumsatz läuft ja in in Deutschland und Kanada läuft nur hinterher..
Herzlichen Glückwunsch denen die schon drinn sind !
beobachte den Wert auch schon ne Weile...wenn ihr mir noch was günstig abgebt würd ich mir gern was größeres ins Depot legen ...also bitte nicht gleich hochtaxen Jungs !
Moly rulez
Herzlichen Glückwunsch denen die schon drinn sind !
beobachte den Wert auch schon ne Weile...wenn ihr mir noch was günstig abgebt würd ich mir gern was größeres ins Depot legen ...also bitte nicht gleich hochtaxen Jungs !
Moly rulez
Antwort auf Beitrag Nr.: 29.565.197 von superroth am 31.05.07 22:25:39
du scheinst etwas sehr einfach strukturiert zu sein.
du scheinst etwas sehr einfach strukturiert zu sein.
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