Cantex Commences Drilling of a High-grade Copper Discovery on 100% Owned North Rackla Project, Yukon
Cantex Commences Drilling of a High-grade
Copper Discovery on 100% Owned North
Rackla Project, Yukon
KELOWNA, BC
,
Aug. 26, 2021
/CNW/ -
Cantex Mine Development Corp.
(TSXV: CD) (the
"Company") has released an update on the work program at its 100-percent-owned 14,077 hectare
North Rackla claim block in the
Yukon
.
Map 1. Showings within the North Rackla Claim Block (CNW Group/Cantex Mine Development
Corp.)
Dr.
Charles Fipke
reports:
A group of five geologists visited the accessible newly discovered gold-copper-silver-lead-zinc
showings around the high-grade Main Zone massive sulphides presently being drilled. The locations
of these showings are presented on Map 1.
Anomaly G66 contains outstanding sub-cropping massive to disseminated mineralization over an
area of 65 metres wide and 410 metres long as mapped by structural geologist
Chris Buchanan
.
This north-south trending zone disappears under talus to the north and under landslide debris to the
south.
Geologist
Chad Ulansky
collected 12 rock samples from 65 metres of width and 150 metres of
strike length from the sub-cropping mineralization. These samples averaged 10.45% copper and 32
g/t silver (see release dated
June 24, 2021
).
This high-grade disseminated to massive mineralization is so impressive it was decided to
immediately mobilize a drill to test this showing. Drilling is expected to commence today.
The technical information and results reported here have been reviewed by Mr.
Chad Ulansky
P.Geol
., a Qualified Person under National Instrument 43-101, who is responsible for the technical
content of this release.
Signed,
Charles Fipke
Charles Fipke
Chairman
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. Information set forth in this news release includes forward-looking statements under
applicable securities laws. Forward-looking statements are statements that relate to future, not
past, events. In this context, forward-looking statements often address expected future business
and financial performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may", "might", "could",
"should", or "will" be taken or occur, or other similar expressions. All statements, other than
statements of historical fact, included herein are forward-looking statements. By their nature,
forward-looking statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements, or other future events, to be
materially different from any future results, performance or achievements expressed or implied by
such forward-looking statements. Such factors include, among others, risks identified in the
management discussion and analysis section of the Company's interim and most recent annual
financial statements or other reports and filings with Canadian securities regulators. Forward
looking statements are made based on management's beliefs, estimates and opinions on the date
that statements are made and the respective companies undertake no obligation to update forward-
looking statements if these beliefs, estimates and opinions or other circumstances should change,
except as required by applicable securities laws. Investors are cautioned against attributing undue
certainty to forward-looking statements.
SOURCE
Cantex Mine Development Corp.
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For further information:
Cantex Mine Development Corp, Tel: +1-250-860-8582; Email:
CO: Cantex Mine Development Corp.
CNW 09:00e 26-AUG-21