New Cantech Ventures Inc.

New Cantech Ventures Inc.

September 07, 2007 17:20 ET

New Cantech Ventures Inc.: Results of Sampling, Including High-Grade Assays on Properties in the Northwest Territories

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 7, 2007) - New Cantech Ventures Inc. ("Cantech") (TSX VENTURE:NCV)(FRANKFURT:C7X) is pleased to announce completion of an initial review of base and precious metal prospects on its recently acquired properties in the Northwest Territories. Cantech's Camsell Lake and Munn Lake properties, located 200 to 250 km northeast of Yellowknife respectively, are held under option as detailed in News Releases of May 25, May 30 and August 1 of 2007. This News Release details highlights of sampling of showings on both properties by Cantech's consulting geologist in July 2007.

At the Camsell Lake property, a showing where Cantech reported a nickel assay of 16.4% (May 30, 2007 News Release) was followed up with new sampling. Three samples generally corroborated that nickel tenor, while zinc and especially gold values of interest were also returned (see table below).

Cu Pb Zn Ni Co Au Ag
Sample (ppm) (ppm) (%) (%) (%) (gm/tne) (gm/tne)
675411 110.5 796.9 0.05 14.2 0.52 2.14 18
675412 340.6 270.5 1.41 14.1 0.26 6.14 13
675413(i) 23.9 763.7 1.31 20.2 0.33 11.63 26
(i) assay values for Cu, Pb, Au & Ag average of 3 determinations

The sampled mineralization consists of nearly massive gersdorffite (NiAsS) along with sphalerite in a localized exposure about 25cm wide. Sample 675411 was chipped from outcrop exposed at the bottom of a shallow trench, while the remaining pair of samples was taken from nearby and similarly mineralized boulders and cobbles clearly blasted from that trench. The mineralization is contained in deformed basalt adjacent to a gabbro sill, with no visible strike extension beyond that exposure. Samples from each of several other rusty pits and small trenches made by earlier workers, containing much weaker mineralization, returned no results of interest. Those pits are accompanied by numerous patches of intensely gossanous outcrop throughout the area.

In the southern part of the Camsell Lake property, a massive sulfide showing reported in government mapping of 1992 was also examined by Cantech. From eight samples gathered from subcrop and float containing sulfide mineralization, one returned elevated copper (370ppm) and nickel (293ppm), and another assayed above background in lead (581ppm).

A pair of locations at the Munn Lake property were reviewed to consider the nickel potential in ultramafic rocks as mapped by government geologists in 1992. None of the eight samples returned assays of interest.

Cantech management is currently evaluating these results and considering the position of these properties in the context of the Company's existing portfolio of properties. A further News Release will be issued when plans for these properties have been finalized.

Samples were assayed by Acme Analytical Laboratories of Vancouver. All samples were digested in hot aqua regia and analysed by a 36-element ICP-MS procedure (Group 1DX). Samples returning values exceeding analytical limit in zinc, nickel or cobalt were rerun by a separate high-grade ICP-MS procedure (Group 7AR). Gold & Silver were determined by fire assay from a 1 assay ton subsample with an ICP-ES finish (Group 6).

J. David Williams, P.Eng., a qualified person under National Instrument 43-101, has reviewed and approved the technical disclosure in this News Release.


James Jacuta


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