NEW CANTECH VENTURES
INC.
670 � 789 West Pender
St.
Vancouver, BC V4C
1H2
Tel:
604-638-0699
Email: info@newcantech.com
Website:
http://www.newcantech.com
NEW CANTECH FILES INDI NI
43-101 REPORT
New Cantech Ventures Inc. announced in Stockwatch 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. of
Vancouver, B.C.
New Cantech has a 45-per-cent joint venture
interest in the Indi 9, 10, 11 and 12 mineral claims which comprise 750
hectares, out of a total of 2,244.5 hectares 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 gram per
tonne (g/t) Au, 15.17 g/t Ag and 0.26 per cent Zn above a cut-off 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 per cent Zn are classed as inferred. These resources had been estimated in
compliance with CIM (2000). Au equivalent cut-off grades are based on $525 per
ounce for Au, $10 per ounce for Ag, $2.4 per pound for Cu and $2 per pound for
Zn.
New Cantech filed in SEDAR today a National
Instrument 43-101 report prepared by Dr. David Stone, PEng, of MineFill Services
Inc. which contains that resource estimate.
Qualified person
Dr. Stone, PEng 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.
We seek Safe Harbor.
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 that may be beneficial to shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS
"James Jacuta",
Chairman
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.
For
shareholder enquiries contact:
John
R. Chalcraft,
Local:
(604) 541-1995; Toll free: 1 (800)
540-1995