NCV-v: New Cantech Ventures - Page 5

Oto,

From reading your posts on CJG and then doing a search for NCV and finding you here at NCV is great to see.

I am very informed of the situation at NCV, any questions feel free to inbox me or just post the question here on the board.

I am going to have to start coming here more often, just glad I found it now, before things really start to take off.


cheers,

cvac01

MARCH 12, 2007 - 16:22 ET Show Text

New Cantech Reports a 40 Metre Intersection Averaging 0.110% Mo (Including 8 Metres of 0.273% Mo) Was Encountered Between 719 to 754 Metres Below Surface in Drill Hole LS06-68 ("The Deep Hole")

Final Results from the Deep Hole-Lucky Ship Molybdenum Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 12, 2007) - New Cantech Ventures Inc. ("Cantech") (TSX VENTURE:NCV)(FRANKFURT:C7X) is pleased to announce that Cantech has received results for the last 500 metres of hole LS06-68, the "deep hole". Mr. Dalton DuPasquier, the President and CEO of New Cantech, commented:

"I am very encouraged by the assay results of the deep hole which establish that molybdenum mineralization extends down to at least 789 metres below surface, a distance of 250 metres below the cutoff elevation for previous resource calculations. I am encouraged that the grades tend not to drop off and, in particular, as set out below, there is an 8 metre intersection of 0.27% Mo which is one of the better intersections drilled on the Lucky Ship Property to date."

Dr. Donald G. MacIntyre's description of the drilling results from the "deep hole" is set out below:

This drilling was done between January 14, 2007 and February 9, 2007. The hole was drilled at azimuth 325 degrees and inclination -87 degrees and was designed to target a zone of molybdenum mineralization that was encountered in hole LS06-61 and two previous Amax drill holes - LS65-12 and LS65-16. The hole was collared just north and outside of the molybdenum zone that surrounds a granite porphyry intrusion. The upper part of the hole encountered sporadic intervals of quartz-molybdenite veining to a depth of 517 metres as announced in a previous press release. Results for the last 500 metres of the hole, which were received on March 9, 2007, are presented in the table below. As shown in the table, from 541 to 789 metres hole LS06-68 averaged 0.051% Mo. This zone is interpreted to be continuous with intersections encountered in holes LS06-61, LS65-12 and LS65-16 thus extending the zone of known molybdenum mineralization to a minimum depth of 789 metres below the surface and at least 250 metres below the limit of previous resource calculations on this section. At 789 metres drill hole LS06-68 entered into a quartz monzonite porphyry intrusion that contained only sporadic quartz-molybdenite veining. This intrusion is interpreted to be a coarser grained equivalent of the granite porphyry intrusion that was intersected in drill holes closer to surface. If the two intrusions are related it suggests the granite porphyry is an offshoot of a large intrusive body of quartz monzonite porphyry at depth. The best grades in hole LS06-68 occur in an altered zone that was intersected just before entering the quartz monzonite porphyry. This zone averaged 0.110% MoS2 over 40 metres, including an 8 metre interval that averaged 0.273% Mo. The true thickness of this zone is not known as there is only a single drill hole cutting the zone at this depth. Additional drilling will be required to determine if the zone is steeply dipping and connects to intersections higher up in holes LS06-61, LS65-12 and LS65-16 or if the zone flattens along the upper contact of the quartz monzonite porphyry intrusion.



Hole East- North- Elev. Azi- Length Start End Length (m.) @Number ing ing (m.) muth Dip (m.) (m.) (m.) Grade %Mo---------------------------------------------------------------------------LS06-68 599586 5987331 1139 325 -87 1020 541 789 248.0 @ 0.051 ------------------------- including 661 789 128.0 @ 0.066 ------------------------- including 719 759 40.0 @ 0.110 ------------------------- including 739 747 8.0 @ 0.273---------------------------------------------------------------------------




Phase 4 drilling update

The Phase 4 drilling program began on February 23, 2007. Currently Driftwood Diamond Drilling of Smithers, British Columbia has two drills on the property and as of March 9, 2007 had completed 2,968 metres of NQ diamond drilling in 8 drill holes (LS07-69 to LS07-76). This phase of drilling will see 32 drill holes completed as part of a 10,000 metre drilling program. The objectives of this work are to:

(a) Move that part of the Lucky Ship deposit that is within 300 metres of the surface from the current indicated resource to the measured resource category of National Instrument 43-101. This is required for financing purposes; and

(b) Determine the ultimate vertical extent of the deposit which is still open at depth. This information is required to determine the size and grade of the resource that is below the limits of open pit mining and could potentially be mined by underground methods.

Several of the Phase 4 drill holes will be over 700 metres long and will target the area where a high grade intersection was encountered in hole LS06-68 (the "deep hole") as described above. Assay results from the Phase 4 program will be released as they are received.

Looks like NCV hit itself with bad news. Stock down 26% from previous close of 0.93. I'm thinking this might be a good time to buy among the panic selling.

The new independent study by AC Howe International did not show as much moly in the indicated category and had more put into inferred as compared to the estimate done by the company. As we can see the market punishes for over estimating and the base case scenerio using 20$ per lb moly only shows it barely economical.
In most cases banks use about 50% max of historical pricing for the metals, so NCV's might be a tough sell.
I dont think moly will go back to 10$ , but it could slide back to 15-20$ range in the time it takes this project to get up and running. ALL jmho

NCV up 26.98% or 17 cents on positive moly news. I got in at 0.62, glad the stock rebounded on the week's end. Booyah!

NEW CANTECH VENTURES INC
New Cantech Ventures Inc. Lucky Ship Molybdenum Project: Independent Preliminary Economic Assessment Demonstrates the Economic Potential Of a 10,000 Tonne Per Day Open Pit Molybdenum Mine
5/4/2007

http://www.stockhouse.ca/news/news.a...92767&tick=NCV

whoops sorry.
just found this news release after hours on stockhouse.

New Cantech Ventures Inc. Announces Option to Acquire Two Nickel Properties In Northwest Territory
5/25/2007

VANCOUVER, BRITISH COLUMBIA, May 25, 2007 (CCNMatthews via COMTEX News Network) --
New Cantech Ventures Inc. ("Cantech") (TSX VENTURE:NCV)(FRANKFURT:C7X) is pleased to announce it has entered into an option agreement to acquire two Nickel properties in the Northwest Territory.

The properties have the potential to host at least three different styles of mineralization:

(a) first, vein hosted nickel, cobalt, silver and gold mineralization; and

(b) second, magmatic cumulate nickel sulphide mineralization hosted in ultramafic intrusives;

(c) third, volcanogenic hosted massive sulphide mineralization of copper and zinc.

Vein Hosted Nickel Mineralization (Camsell Lake Property)

Nickel mineralization comprised of gersdorffite (NiAsS) occurs in a single vein near the south shore of Camsell Lake. A sample of the vein shown on a government produced map documents anomalous nickel and gold values. This showing was revisited by Dr. Wilson and was found to be exposed in a small pit. A grab sample of gersdorfffite was retrieved from the center of a vein, approximately 30 cm wide, and returned values of: 16.4% Nickel, 0.43% Cobalt, 0.176 oz/ton Gold, 57 grams/tonne Silver (approx. 1.66 oz/ton), 16.5% Arsenic, greater than 1% Antimony, 10.3% Sulphur, 8.69% Iron and less than 20 gm/tonne Uranium. These analyses were performed by ALS Chemex of Vancouver, BC.

The composition of gersdorffite can contain approximately 35% nickel. Although not a common mineral, it is usually associated with sulpharsenides in veins and within arsenide zones of ore deposits such as the nickel deposits at Sudbury and the Silver Cobalt District of Cobalt, Ontario.

Cantech is encouraged with the high nickel composition of the gersdorffite and the possibility this vein may represent leakage from a deeper seated source. The Cobalt District in Ontario illustrates the maximum known potential of these sulpharsenide vein deposits. Cobalt produced 370,000,000 oz of silver with appreciable cobalt, nickel and arsenide.

Magmatic Sulphide Mineralization (Munn Lake Property)

Nickel mineralization occurs within ultramafic rocks near the southwest and northwest arms of Munn Lake located 220km northeast of Yellowknife. Mafic-ultramafic intrusions have been emplaced into a band of metamorphosed, turbidite sediments. These intrusions consist of compositional rhythmic layers ranging from gabbro, to ultramafic layers of hornblendite, olivine-pyroxene hornblendite, and hornblende peridotite. Every sample examined contained many fine grains of sulphide minerals, indicating probable sulphur saturation of the magma. Examination of polished sections under the microscope showed that the sulfides in the specimens from the southwest Munn Lake mainly consisted of pyrite. One specimen from the fresher intrusion near the northwest arm showed typical nickel sulphide mineralization. Pyrrhotite and pentlandite appeared to be in approximately equal amounts indicating a favourable Ni-S ratio.

Volcanogenic Massive Sulphide Cu-Zn Mineralization at old Canoe Lake (Camsell Lake Property)

A small body of rhyolite with weak copper-zinc mineralization occurs on the south shore of Old Canoe Lake. The rhyolite has rusty patches and a small amount of sulphides. In a verbal communication with the Government geologist who mapped and sampled the project, he indicated that a grab sample containing as much as 2% copper and 2% zinc had been obtained from this rhyolite.

In respect of completing relatively inexpensive exploration in this area, especially for good conductive material like copper and nickel (pyrrhotite association), all of these areas could be evaluated quickly for possible strike and dip potential to the documented zones.

The two nickel properties are being optioned from Mayan Minerals Ltd. in consideration for (a) the reimbursement of staking costs following the signing of the Option Agreement, (b) the payment of $140,000 over a two year period and (c) the issuance of 350,000 shares of Cantech over a two year period. The properties are subject to a 2% NSR Royalty. Cantech has the right to purchase up to 50% of the NSR for a total of $1 Million. The Option Agreement is subject to the approval of the TSX Venture Exchange.

About Dr. Wilson

H. D. B. Wilson, Ph.D, is a former consultant to Falconbridge Nickel Mines, Canada and Selection Trust (England). He proposed drill programs which led to the discovery of the Inco Thompson Nickel Mine (Canada) and the Agnew Nickel Mine (Australia). Dr. Wilson is the former head of the Earth Sciences Department, University of Manitoba, a former President of the Geological Association of Canada and a former President of the Society of Economic Geologists.

Qualified Person

Gary Vivian, M.Sc., P.Geol, a qualified person under National Instrument 43-101, has reviewed and approved the technical disclosure in this news release.

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.

SOURCE: New Cantech Ventures Inc.

New Cantech Ventures Inc. Dalton B. DuPasquier President & CEO (604) 541-7288 Website: www.newcantech.com

MAY 31, 2007 - 14:57 ET
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New Cantech Ventures Inc. Announces Resource Estimate For the Indi Claims at Silver Coin

EDMONTON, ALBERTA--(CCNMatthews - May 31, 2007) - New Cantech Ventures Inc. ("New Cantech") (TSX VENTURE:NCV)(FRANKFURT:C7X) is pleased to announce the results of a recently completed Mineral Resource estimate for the Indi Claims in the Skeena Mining District near Stewart, BC. 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. ("MineFill") of Vancouver, British Columbia.

New Cantech has a 45% joint venture interest in the Indi 9, 10, 11 and 12 mineral claims which comprise 750 ha, out of a total of 2,244.5 ha 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 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 has been estimated to include 333,900 tonnes grading 0.52 g/t Au, 15.17 g/t Ag, and 0.26% Zn above a cutoff 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% Zn are classed as Inferred. These Resources have been estimated in compliance with CIM (2000). Au-equivalent cutoff grades are based on $525/oz for Au, $10/oz for Ag, $2.4/lb for Cu and $2/lb for Zn. Results are presented in Table 1. Results for a range of cutoff values are presented in Table 2.




Table 1
Mineral Resource Estimate for the Indi Claim
(above a cutoff of 0.75 g/t Au-eq)
------------------------------------------------------------------
Au Ag Zn Au Au-Eq(i)(oz)
Class Tonnes g/t g/t % (oz) (Au, Ag only)
------------------------------------------------------------------
Measured 54,160 0.66 6.47 0.38 1,160 1,370
------------------------------------------------------------------
Indicated 279,740 0.49 16.85 0.23 4,420 7,300
------------------------------------------------------------------
M+I 333,910 0.52 15.17 0.26 5,570 8,670
------------------------------------------------------------------
Inferred 589,520 0.61 3.94 0.21 11,540 12,960
------------------------------------------------------------------
Note: Totals may not tally exactly due to rounding,
(i) Au-Eq values calculated at $525/oz for Au, $10/oz for Ag



Table 2
Mineral Resource Estimate for the Indi Claim
-----------------------------------------------------------------------
Cut-off Grade Au Ag Zn Au Au-Eq(i)(oz)
Au-Eq Tonnes g/t g/t % (oz) (Au, Ag only)
-----------------------------------------------------------------------
0.25 5,521,410 0.26 3.16 0.11 45,620 56,300
-----------------------------------------------------------------------
0.5 2,001,460 0.45 5.12 0.17 28,700 34,980
-----------------------------------------------------------------------
0.75 923,420 0.58 8.00 0.23 17,130 21,650
-----------------------------------------------------------------------
1 396,830 0.64 14.67 0.34 8,170 11,730
-----------------------------------------------------------------------
1.25 247,570 0.68 17.73 0.42 5,400 8,080
-----------------------------------------------------------------------
1.5 156,590 0.81 17.48 0.49 4,070 5,750
-----------------------------------------------------------------------
Note: Totals may not tally exactly due to rounding,
(i) Au-eq values calculated at $525/oz for Au, $10/oz for Ag

MineFill assessed the economic potential of the Silver Coin Mineral Resource in an open-pit mining study. That portion of the within-pit Silver Coin Resource on the Indi 9 Claim is estimated to include 119,940 tonnes grading 0.69 g/t Au, 8.85 g/t Ag, and 0.39% Zn above a cutoff of 0.75 g/t Au-equivalent. An additional 168,380 tonnes grading 0.62 g/t Au, 4.75 g/t Ag and 0.37% Zn are classed as Inferred. These resources have been estimated in compliance with CIM (2000). Results are presented in Table 3.




Table 3
Within-pit Mineral Resource Estimate for the Indi 9 Claim
(above a cutoff of 0.75 g/t Au-eq)
------------------------------------------------------------------
Au Ag Zn Au Au-Eq(i)(oz)
Class Tonnes g/t g/t % (oz) (Au, Ag only)
------------------------------------------------------------------
Measured 41,110 0.74 7.78 0.44 970 2,290
------------------------------------------------------------------
Indicated 78,830 0.66 9.41 0.36 1680 3,860
------------------------------------------------------------------
M+I 119,940 0.69 8.85 0.39 2,650 6,150
------------------------------------------------------------------
Inferred 168,380 0.62 4.75 0.37 3,350 7,680
------------------------------------------------------------------
(i) Au-Eq values calculated at $525/oz for Au, $10/oz for Ag





Exploration on the Indi 9 claim comprised 20 diamond drill holes out of a total of 182 drill holes completed at Silver Coin in 2005 and 2006. The Silver Coin resource is based on drilling along 700 m of strike length within a mineralized zone that has been identified over a distance of at least 2,500 m that remains open to the south, east and north. The Silver Coin Mineral Resource remains open to the west on the Indi 9 Claim. Additional drilling is therefore required to delineate the extent of the Silver Coin Mineral Resource on the Indi Property.

Apart from the potential expansion of the Silver Coin Mineral Resource onto the Indi 9 Claim, the exploration potential of the Indi Claims is evident in the presence of numerous mineralization showings (e.g. the Extreme Cu, Dauntless Vein and Dauntless Hill showings on the Indi 9 and Indi 10 Claims; the Last Chance showing on the Indi 11 Claim and a stringer sulphide showing on the Indi 12 Claim) that have not yet been fully explored. A comprehensive exploration program including trenching, sampling and drilling is therefore required for the Indi Property.

A comprehensive program of data verification was undertaken by MineFill prior to the building of a block model in SURPAC. The mineral resource estimate was then generated by ordinary kriging using uncapped gold, silver and zinc values.

MineFill recently filed the results of a Preliminary Economic Assessment (PEA) on the Silver Coin Project and the report has been filed on SEDAR under the Pinnacle Mines Ltd. profile. An updated PEA, including the resources on the Indi claims, will be filed in the New Cantech profile by MineFill and New Cantech within 45 days of this press release.

The exploration on the Indi claims at Silver Coin Project has been conducted pursuant to a joint venture agreement between Pinnacle Mines Ltd., Mountain Boy Minerals Ltd., and New Cantech Ventures Inc.

Dr David Stone, P.Eng. of MineFill Services, Inc., Vancouver, B.C., is a Qualified Person under National Instrument 43-101 and has reviewed and approved the disclosure regarding the mineral resource estimation of MineFill Services Inc.

Dr Warwick Board, P.Geo., of Snowden Mining Industry Consultants Inc. is a Qualified Person under National Instrument 43-101 and retained by New Cantech, has provided an independent Qualified Person's opinion on the context of the Silver Coin Mineral Resource relating to the Indi Property for the purposes of this news release.

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, predominantly in British Columbia, that will add shareholder value.

ON BEHALF OF THE BOARD OF DIRECTORS

James Jacuta, Chairman

NEW CANTECH VENTURES INC.

Jun 11, 2007 08:23 ET
New Cantech Ventures Inc. Consents to Palm Clean Energy, Inc. Assigning to Daewon Chemical 60% of Its Option to Acquire a 60% Interest in the Lucky Ship Molybdenum Project
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 11, 2007) - New Cantech Ventures Inc. ("Cantech") (TSX VENTURE:NCV)(FRANKFURT:C7X), is pleased to announce that it has entered into a formal Assignment Agreement with Palm Clean Energy, Inc. and Daewon Chemical Co., Ltd. under which Cantech has consented to Palm Clean assigning 60% of its option to acquire a 60% interest the Lucky Ship Molybdenum Project to one of its shareholders, Daewon Chemical Co., Ltd., a public company listed on the Korea Stock Exchange which trades under the trading symbol 024890. Daewon Chemical owns 19.95% of Palm Clean. The Assignment Agreement was signed following meetings in Vancouver, British Columbia, Canada, last week by a delegation of representatives of Palm Clean and Daewon Chemical with Cantech, and a visit to Smithers, British Columbia and to the site of the Lucky Ship Molybdenum Project by all of the representatives of Daewon Chemical and Palm Clean.

As part of the formal Assignment Agreement, Palm Clean has confirmed that it will pay Cantech a further $1.3 million by June 15, 2007 and that Palm Clean and Daewon Chemical jointly and severally commit to provide another $2 million by November 13, 2007, pursuant to the terms of the written Option Agreement between Cantech and Palm Clean, as assigned, in part, to Daewon Chemical.

Under the terms of the Option Agreement prior to such assignment, Palm Clean had a right to acquire a 60% interest in the Lucky Ship Molybdenum Project by doing all of the following:

(a) providing $4.3 million to be used as Exploration Expense on the Lucky Ship Molybdenum Project during the first year (from November 13, 2006 to November 12, 2007) of the option (including a $1 million private placement which was completed earlier);

(b) incurring sufficient Exploration Expense in years two and three of the option to produce a bankable feasibility study on the Lucky Ship Molybdenum Project;

(c) providing debt financing to fund both the costs of Cantech and the costs of Palm Clean under a formal joint venture to put the Lucky Ship Molybdenum Project into production; and

(d) then put the Lucky Ship Molybdenum Project into continuous production.

Also under the Option Agreement, Palm Clean was granted the right to earn various interim options.

As a result of Palm Clean assigning to its shareholder, Daewon Chemical, 60% of its option to acquire a 60% interest in the Lucky Ship Molybdenum Project, upon the exercise of that option, the parties will own the Lucky Ship Molybdenum Project in the following percentages:

(a) New Cantech Ventures Inc., 40%;

(b) Palm Clean Energy, Inc., 24%; and

(c) Daewon Chemical Co., Ltd., 36%.

The Assignment Agreement is subject to the approval of the TSX Venture Exchange.

Cantech continues to move forward on the development of its Lucky Ship Molybdenum Project.

About Cantech

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 Molybdenum Project, Cantech is pursuing other related, but less developed mineral projects, predominantly in British Columbia.

ON BEHALF OF THE BOARD OF DIRECTORS

James Jacuta, Chairman

Jul 09, 2007 23:30 ET
New Cantech Ventures Inc. Announces Resumption of Diamond Drilling on its Lucky Ship Molybdenum Property
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2007) - As announced in a previous news release, New Cantech Ventures Inc. ("Cantech") (TSX VENTURE:NCV)(FRANKFURT:C7X), is currently conducting its Phase 4 infill drilling program at the Lucky Ship Molybdenum Property, located 85 kilometres by road southwest of Houston B.C.

The Phase 4 program was targeted to complete 47 drill holes for a total of 14,137 metres of drilling. It was initiated on Feb 20, 2007. The main objectives of this drilling program were to move that part of the Lucky Ship mineral resource classified as inferred into the indicated category and to provide initial groundwater (hydrology) information on the deposit. The groundwater drilling is part of the baseline assessments for project development. As of April 29, 2007 Cantech had completed 38 of the projected 47 drill holes (LS07-69 to LS07-106), totaling 11,781 metres. Because of spring thaw conditions which made roads to the property unusable, drilling on the property was suspended on April 29, 2007. Driftwood Diamond Drilling of Smithers B.C. moved a skid mounted drill onto the property and drilling resumed on July 7, 2007. The remaining holes comprising the Phase 4 program should be completed in the next three weeks. This will be followed by three additional holes (Phase 5) totaling 1200 metres that will target an area of molybdenum mineralization uphill and 400 metres northwest of the main molybdenum deposit.

Work has also started on a 95 kilometre soil geochemical grid covering the Moly King property currently under option to Cantech (see previous news releases, including news release of May 23, 2007). This property is completely surrounded by the eastern portion of Lucky Ship claim group. As of July 8, 2007, approximately one third of the grid had been sampled. This work is progressing slowly due to the terrain and patches of snow at higher elevations. It is estimated that this work will be done in another 4 to 5 weeks. All results from this sampling should be received by mid August. At that time a decision will be made regarding additional work on the property.

The Moly King claim is located within an area explored by Falconbridge Nickel Mines back in 1969. Falconbridge carried out a limited exploration program of mapping and geochemical surveying (B.C. Assessment Report 1809). There are very few outcrops on the property.

Falconbridge's geochemical work in 1968 outlined an irregular zone of anomalous Cu and Mo in soils over an area of roughly 1,500 by 2,000 feet. This anomaly, plus showings in creeks cutting through the anomaly present an attractive exploration target. Cantech's current soil geochemical sampling program is designed to further test this area.

Qualified Person

Dr. Donald G. MacIntyre, P.Eng., a qualified person under National Instrument 43-101, has been supervising Cantech's 2007 Phase 4 drill program, will be supervising Cantech's Phase 5 drill program and has been supervising the geochemical work on the Moly King property and has reviewed and approved the technical disclosure in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

James Jacuta

Keep an eye on NCV, a lot of insider buys lately.

Jul 27/07 Jul 26/07 Blusson, Ronald Ross Direct Ownership Common Shares 10 - Acquisition in the public market 19,000 $0.375
Jul 07/07 Jul 03/07 grayston, richard walter Direct Ownership Common Shares 10 - Acquisition in the public market 20,000 $0.470
Jun 29/07 Jun 29/07 Dupasquier, Dalton Indirect Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.470
Jun 28/07 Jun 27/07 Dupasquier, Dalton Indirect Ownership Common Shares 10 - Acquisition in the public market 100,000 $0.380
Jun 28/07 Jun 27/07 Dupasquier, Dalton Indirect Ownership Common Shares 10 - Acquisition in the public market 100,000 $0.375
Jun 27/07 Jun 27/07 Blusson, Ronald Ross Direct Ownership Common Shares 10 - Acquisition in the public market 150,000 $0.375
Jun 27/07 Jun 27/07 Blusson, Ronald Ross Direct Ownership Common Shares 10 - Acquisition in the public market 48,000 $0.375
Jun 27/07 Jun 27/07 Blusson, Ronald Ross Direct Ownership Common Shares 10 - Acquisition in the public market 2,000 $0.370

TZ

Super cheap now @ 25 cents.
Insiders buying on the open and exercising their 20 cent options.
52 week high was $1.23.

37 cents.

Oct 31, 2007 13:11 ET
New Cantech Ventures Inc.: Announcement Regarding Additional Reed Lake Mineral Properties in Manitoba

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2007) - New Cantech Ventures Inc. ("New Cantech") (TSX VENTURE:NCV)(FRANKFURT:C7X) is pleased to announce that it has entered into Letter Agreements with Canasia Industries Corporation (TSX VENTURE:CAJ) ("Canasia") and International Samuel Exploration Corp. (TSX VENTURE:SAZ) ("Samuel") on Manitoba Mineral Exploration Licenses 332A and 333A ("Mineral Licenses").

New Cantech holds a 50% interest in the Mineral Licenses and has agreed to sell one-half of its 50% interest to Canasia and the remaining one-half to Samuel. The purchase price payable by Canasia and Samuel to New Cantech for legal and beneficial interest in and to the Mineral Licenses is 400,000 common shares of Canasia and 400,000 common shares of Samuel plus staking costs estimated at $6,500 from each company. In addition, New Cantech will be entitled to a 0.5% Net Smelter Royalty ("NSR") from Canasia and 0.5% NSR from Samuel of which each company may purchase 0.25% at any time for $250,000.

The agreements announced today are subject to the approval of the TSX Venture Exchange.

Manitoba Mineral Exploration Licenses 332A (approximately 30,270 hectares) and 333A (approximately 21,592 hectares) are located about 20km. to the west and south, respectively, of the Mineral Exploration License 268A referred to in the October 4, 2007 news release issued by VMS Ventures Inc. (TSXV: VMS). VMS released "assay results (weighted average) from drill hole RD 07-02 on its new discovery on its Reed Lake project, near Snow Lake, Manitoba" which highlighted "high grade copper rich intervals" (See - www.vmsventures.com).

About New Cantech

New Cantech is a TSX Venture listed mineral exploration and development company focusing on the development of its Lucky Ship Molybdenum Property in west central British Columbia and the advancement of its other mineral exploration properties, most of which are located in British Columbia and all of which are located within Canada.

ON BEHALF OF THE BOARD OF DIRECTORS

James Jacuta

NEW CANTECH VENTURES INC.