New Cantech Ventures Inc.
TSX VENTURE : NCV
FRANKFURT : C7X

New Cantech Ventures Inc.

September 28, 2007 16:47 ET

New Cantech Files Indi NI 43-101 Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 28, 2007) - New Cantech Ventures Inc. ("New Cantech") (TSX VENTURE:NCV)(FRANKFURT:C7X), announced on May 31, 2007 the results of a then recently completed Mineral Resource estimate for the Indi Claims in the Skeena Mining District near Stewart, B.C. 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 to and west of 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 were 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 had 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.

New Cantech filed in SEDAR today a National Instrument 43-101 Report prepared by Dr. David Stone, P.Eng. of MineFill Services, Inc. which contains that resource estimate.

Qualified Person

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 technical disclosure in this news release.

About New Cantech

New Cantech is a TSX Venture-listed mineral exploration and development company focusing on the development of its Lucky Ship Molybdenum Property located in west central British Columbia and the advancement of its other mineral exploration properties, most of which are located in British Columbia and all of which are located within Canada.

ON BEHALF OF THE BOARD OF DIRECTORS

James Jacuta

NEW CANTECH VENTURES INC.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein.

Contact Information

  • New Cantech Ventures Inc.
    James Jacuta
    President and CEO
    (604) 638-0699
    Website: www.newcantech.com