NEW CANTECH VENTURES
INC.
UPDATE ON CANTECH�S IXL
PROPERTY EXPLORATION
April 30, 2007
New Cantech Ventures Inc. (�Cantech�) (TSXV:NCV, FSE:C7X) and Cougar
Minerals Corp. (�Cougar�) (CNQ:COUG) have recently completed an AeroTEM
helicopter-borne geophysical survey over their 50/50 jointly-owned IXL property,
located 55 kilometers north of Grand Forks, in southern British Columbia,
Canada.
The AeroTEM survey was successful in outlining a strong,
750 meter long EM anomaly in the eastern part of the property. The southernmost part of the EM anomaly
coincides with a known area of mineralization (the Jack Showing). During the 2005 work program on the property,
disseminated and poddy stratabound sphalerite, galena and chalcopyrite was
discovered within calcareous sediments at the Jack showing. Select grab samples collected had values
ranging to a maximum of 8.84% Zn, 3.87% Pb, 1.19% Cu, 1910 ppb Au and 84.1 ppm
Ag, as listed below.
|
Sample |
Au � ppb
|
Ag -
ppm |
Cu � ppm or
% |
Pb � ppm or
% |
Zn � ppm or
% |
|
JB
626 |
105 |
84.1 |
1.19
% |
3.87
% |
7050 |
|
JB
627 |
15 |
4.5 |
62 |
3874 |
6002 |
|
JB
628 |
20 |
7.8 |
1188 |
4370 |
3.26
% |
|
JB
629 |
120 |
17.5 |
73 |
2.87
% |
6.45
% |
|
JB
634 |
125 |
5.3 |
254 |
1664 |
8.84
% |
|
JB
636 |
75 |
7.4 |
432 |
3844 |
1.61
% |
|
JB
638 |
15 |
1.5 |
40 |
258 |
8724 |
|
JB
639 |
10 |
0.5 |
12 |
112 |
3554 |
|
JB
640 |
35 |
0.5 |
157 |
40 |
5609 |
|
JB
641 |
40 |
0.3 |
55 |
44 |
8245 |
|
JB
643 |
35 |
16.4 |
980 |
2.71
% |
1.26
% |
|
JB
644 |
15 |
0.3 |
6 |
128 |
3213 |
|
JB
645 |
30 |
5.3 |
74 |
1014 |
8.65
% |
|
JB
646 |
15 |
2.5 |
35 |
530 |
9712 |
|
AE
79 |
1910 |
13.5 |
111 |
588 |
966 |
|
AE
82 |
15 |
3.0 |
34 |
1386 |
3537 |
|
AE
85 |
25 |
8.2 |
534 |
5712 |
4677 |
|
AE
86 |
15 |
3.1 |
54 |
1960 |
2785 |
|
AE
87 |
5 |
1.0 |
10 |
512 |
2800 |
Mineralization occurs on a
steep east-northeast facing slope and has been traced on-strike, intermittently
in float and outcrop, for 300 meters (of which the northernmost 100 meters
coincides with the southern portion of the EM anomaly). Outcrop is limited and neither the extent
nor the true width of the mineralization are known.
The AeroTEM anomaly trends
parallel to stratigraphy and extends 650 meters northwest from the area of known
mineralization. No trenching or
drilling has been done at the Jack showing or in the area of the AeroTEM anomaly. Additional
prospecting,
as well as geological mapping and modelling of the geophysical anomaly will
begin shortly, to define targets for drill testing during
2007.
Qualified
Person
Linda Caron, PEng.,
a qualified person under National Instrument 43-101, has been supervising the
2007 exploration program of Cantech and Cougar and has reviewed and approved the
technical disclosure in this news release.
For more information
please contact Dalton B. DuPasquier, President and CEO of New Cantech Ventures
Inc. at (604) 541-7288 or visit Cantech�s website at
http://www.newcantech.com.
ON BEHALF OF THE BOARD OF
DIRECTORS
�Dalton
DuPasquier�
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 investor inquiries
contact:
John R.
Chalcraft, ProActive Communications
#201 - 2383 King George Hwy., White Rock,
BC, V4A 5A4
Local:
(604) 541-1995; Toll free: 1 (800) 540-1995
email: johnchalcraft@shaw.ca