BRITISH COLUMBIA – NEW CANTECH VENTURES of Vancouver has filed a 43-101 report for its Lucky Ship molybdenum property 65 km southwest of Houston, B.C. Using a 0.03% Mo cutoff, indicated resources are 19.4 million tonnes grading 0.076% Mo, and inferred resources are 33.9 million tonnes grading 0.069% Mo. The estimate is based on results of nearly 5,000 metres of drilling conducted by Cantech in 2005 and 2006 plus the results of 10,000 metres of drilling done by Amax Exploration from 1964 to 1968.
Several other mineralized zones are known to exist on the Lucky Ship property; therefore, Cantech has launched another, 5,300-metre diamond drill program at the site.
The technical report covering the Lucky Ship property is filed at www.SEDAR.com.