Canada’s Cantex Mine Development has discovered a vast nickel, copper, cobalt and platinum group metal anomaly in northern Yemen. The recently received geochemical analysis indicates that the nickel - copper mineralization present at Al-Masna Hill extends for more than 3.3 kilometers and that several zones of mineralization may be present.
An additional zone of copper - gold mineralization has also been discovered 1.5 kilometers to the east. The mineralized zone drilled at Al Masna is more than 3.3 kilometers long and is open to the north. This indicates that large tonnages of mineralization may be present. In addition to the exceptionally high-grade nickel and copper massive sulfides intersected by drilling, the survey has also shown that cobalt and platinum group metals to be present, probably in more than one zone.
Like the successfully drilled Suwar property, the mineralized zone at Al Masna requires a ground resistivity or electromagnetic geophysical survey to assist in establishing drill targets. It is anticipated that this survey will commence within one month followed by drilling within the next three to four months.
Cantex continues to regard Yemen as a promising country in which to invest. A new $50 million zinc mine in Yemen is currently in the final stages of feasibility by a London group. Many expatriates from profitable Canadian and American oil companies are presently working in Yemen, unaffected by Middle East tensions. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
