Cantex Continues to Intersect World-Class Silver-Lead-Zinc +/- Germanium Grades and Extends Its Strike Length BY 300 Metres at Its 100% Owned North Rackla Project, Yukon
CANTEX CONTINUES TO INTERSECT
WORLD-CLASS SILVER-LEAD-ZINC +/-
GERMANIUM GRADES AND EXTENDS ITS
STRIKE LENGTH BY 300 METRES AT ITS
100% OWNED NORTH RACKLA PROJECT,
YUKON
KELOWNA, BC
,
Nov. 27, 2024
/CNW/ -
Cantex Mine Development Corp.
(TSXV: CD) (OTCQB:
CTXDF) (the "Company") is pleased to provide an update on its 100-percent-owned 14,077 hectare
North Rackla claim block in the
Yukon
.
Dr.
Charles Fipke
reports
Main Zone Drilling
Cantex has completed its 2024 drill program at North Rackla. Thirty-three holes totaling 6,000
metres were completed. This drilling included 28 holes drilled at the Massive Sulphide Zone and five
holes drilled at the Copper Zone on the west side of the claim block (see news release dated
August
19
, 2024).
The drilling at the Massive Sulphide Zone focused on the Discovery Sector, continuing to extend the
strike length of the mineralization. As shown in Figure 1 the drill-confirmed strike length is now 2.65
kilometres, an increase of 300 metres this season. The mineralization remains open both along
strike and to depth.
Results from sixteen holes completed on the Discovery Sector of the Main Zone have been received
and these results are presented in Table 1 below.
Highlights from these holes include a 2.4 metre interval of 25.82% combined lead-zinc within a
broader interval of 13.63 metres of 7.25% combined lead-zinc in hole YKDD24-
302B
. Hole
YKDD24-303 intersected a 2.1 metre interval of 27.63% lead-zinc within a broader 6.35 metre
intercept of 13.91% combined lead-zinc. An 18.85 metre interval of mineralization was intersected in
hole YKDD24-306 which contains 4.03% combined lead-zinc.
As presented in Table 1, the drilling in the northeastern portion of the Main Zone contains elevated
copper values suggesting that this could be the central feeder zone of the mineralization. If in fact
this area in the northeast corner of our drilling is the centre of the deposit, then the strike length
could possibly be doubled.
These notable intercepts continue to demonstrate the significant size and grade of the Main Zone
mineralization. As previously demonstrated the Main Zone is also significantly enriched in
germanium. The germanium results for these intervals are awaited and will be reported when
received.
Figure 1.
2024 Drill Pads at Discovery Sector. (CNW Group/Cantex Mine Development Corp.)
Table 1. Significant drill results from the Discovery Sector
Pad
Dip
Hole
From
To
Interval
Silver
Lead
Zinc
Lead +
Zinc
Cop
per
(m)
(m)
(m)
g/t
( %)
( %)
( %)
( %)
MZ53B
-45
YKDD24-302*
56.60
57.00
0.40
90.7
5.56
15.40
20.96
0.04
YKDD24-302B
92.40
106.03
13.63
17.3
3.59
3.66
7.25
0.01
Including
94.70
97.10
2.40
69.1
16.74
9.08
25.82
0.03
-55
YKDD24-304
101.00
104.80
3.80
10.4
0.65
3.58
4.23
0.01
-65
YKDD24-306
79.75
81.80
2.05
37.2
7.10
4.48
11.58
0.01
99.00
117.85
18.85
9.8
1.88
2.15
4.03
0.01
130.14
131.74
1.60
17.4
3.25
7.06
10.31
0.02
MZ55A
-55
YKDD24-293
190.50
191.30
0.80
7.2
3.94
1.28
5.22
0.02
-65
YKDD24-295
197.90
198.40
0.50
9.4
1.57
6.80
8.37
0.05
250.65
254.75
4.10
1.6
0.09
1.18
1.26
0.00
-75
YKDD24-297
241.11
244.50
3.39
19.8
0.85
4.21
5.06
0.12
MZ56
-55
YKDD24-300
69.30
69.80
0.50
38.5
1.25
0.55
1.79
0.29
72.45
72.95
0.50
24.2
4.31
2.11
6.42
0.02
81.85
91.50
9.65
11.9
2.09
3.55
5.64
0.04
Including
85.45
88.10
2.65
17.0
3.56
9.78
13.34
0.02
109.00
111.25
2.25
2.5
0.94
0.90
1.84
0.00
-65
YKDD24-301
86.90
94.66
7.76
7.4
0.79
1.11
1.90
0.05
122.68
125.95
3.27
8.2
1.57
5.07
6.64
0.01
-75
YKDD24-303
80.24
82.40
2.16
2.9
0.33
2.75
3.08
0.01
99.00
105.35
6.35
26.3
4.79
9.13
13.91
0.05
Including
100.95
103.05
2.10
51.3
11.25
16.39
27.63
0.07
137.33
138.10
0.77
13.5
2.47
0.84
3.31
0.06
143.50
145.40
1.90
12.9
2.29
7.02
9.30
0.01
-85
YKDD24-305
171.40
172.00
0.60
21.5
6.78
2.76
9.54
0.01
MZ58A
-75
YKDD24-296
264.28
264.78
0.50
7.8
0.54
1.97
2.50
0.05
*
Hole YKDD24-302 was lost due to ground conditions and was re-drilled as hole YKDD24-302B.
Summary
Cantex's directors are pleased that drilling at Massive Sulphide project continues to expand the
strike length of the high-grade mineralization. The Company looks forward to the germanium results
from the intervals reported in this release as well as the complete results from a further twelve holes
at the Main Zone.
Massive Sulphide Project Overview
Cantex is pleased to present a short video focused on the North Rackla project. It can be accessed
at
https://vimeo.com/1033706394
.
Sample Preparation
The drill holes reported in this press release were drilled using HQ (63.5mm) diamond drill bits. The
core was logged, marked up for sampling and then divided into equal halves using a diamond saw on
site. One half of the core was left in the original core box. The other half was sampled and placed
into sealed bags. Core samples averaged over 3kg in weight.
The core samples are placed into larger bags closed with security seals prior to being transported
to the ISO 9001 certified CF Mineral Research Ltd. laboratory in
Kelowna, BC
.
At CF Minerals the samples were dried prior to crushing to -10 mesh. The crushed material from a
sample was then mixed prior to splitting off 800g. The 800g splits were pulverized to -200 mesh and
a 250g split was sent for assay. Quality control procedures included running a barren sand sample
through both the crusher and pulveriser between each sample to ensure no inter-sample
contamination occurred. Silica blanks were inserted along with certified reference samples. These
quality control samples were each inserted approximately every 20 samples.
ALS Chemex in
Vancouver
assayed the samples using a four-acid digestion with an ICP-MS finish.
The 48 element ME-MS61 technique was used to provide a geochemical signature. For samples
where lead or zinc values exceeded one percent the Pb-OG62 or Zn-OG62 techniques were used.
These have upper limits of 20% lead and 30% zinc respectively. Samples with lead and zinc values
over these limits were then analyzed by titration methods Pb-VOL70 and Zn-VOL50. Where silver
samples exceeded 100 g/t the Ag-OG62 technique was used which has an upper limit of 1,500 g/t.
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
Dr.
Charles Fipke
, CM
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",
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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:
For further information: Cantex Mine Development Corp, Tel: +1-250-860-
8582; Email: [email protected]
CO: Cantex Mine Development Corp.
CNW 08:30e 27-NOV-24