Cantex Continues to Intersect Massive Sulphides to Depth at Northeast End of Main Zone ON Its 100% Owned North Rackla Project, Yukon
CANTEX CONTINUES TO INTERSECT
MASSIVE SULPHIDES TO DEPTH AT
NORTHEAST END OF MAIN ZONE ON ITS
100% OWNED NORTH RACKLA PROJECT,
YUKON
KELOWNA, BC
,
July 21, 2022
/CNW/ -
Cantex Mine Development Corp.
(TSXV: CD) (the
"Company") is pleased to provide an update on drilling of the Main Zone at its 100-percent-owned
14,077 hectare North Rackla claim block in the
Yukon
.
Massive Sulphides Continue to be Intersected to Depth at Northeast End of Main Zone (CNW
Group/Cantex Mine Development Corp.)
Dr.
Charles Fipke
reports
Massive Sulphides Continue to be Intersected to Depth at Northeast End of
Main Zone
Drilling from pad MZ 52A (see Figure 1) demonstrates the massive sulphides intersected while
drilling from pad MZ 52 (see release dated
July 13, 2022
) extend to depth.
Hole YKDD22-241 intersected several zones containing massive to semi-massive sulphide
mineralization at the extreme northeastern end of the 2.15km long Main Zone. The most significant
of these are from 154.75 to 160.1 metres (
5.35m
) and 183.5 to
189.95m
(
6.45m
). This last zone is
124 metres vertically below surface.
The Company continues drilling at this northeastern end (Discovery Target) of the Main Zone.
The HQ sized core has been split and is being shipped to CF Minerals in
Kelowna
for sample
preparation prior to being sent to ALS Chemex in
Vancouver
for analysis.
The technical information and results reported here have been reviewed by Mr.
Chad Ulansky
P.Geo
., 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 21-JUL-22