Cantex Drills Another Outstanding Intersection of 9 Metres of 34.08% Lead-Zinc and 96 G/T Silver at Its North Rackla Project IN the Yukon
CANTEX DRILLS ANOTHER OUTSTANDING
INTERSECTION OF 9 METRES OF 34.08%
LEAD-ZINC AND 96 G/T SILVER AT ITS
NORTH RACKLA PROJECT IN THE YUKON
KELOWNA, B.C.
,
Jan. 20, 2025
/PRNewswire/ --
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, Canada
.
Dr.
Charles Fipke
reports
Main Zone Drilling
Cantex is pleased to receive the base metal results from the remaining holes at its 2024 drill
program at North Rackla.
The drilling at the Massive Sulphide Zone focused on the Discovery Sector and successfully
extended the strike length of the Main Zone to 2.65 kilometres, an increase of 300 metres this
season (Figures 1 to 3). The mineralization remains open both along strike and to depth.
Results from twenty-six 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 9 metre interval of 34.08% combined lead-zinc and 96 g/t silver
within a broader interval of 15 metres of 22.87% combined lead-zinc and 62 g/t silver in hole
YKDD24-315. Hole YKDD24-312 intersected a 2 metre interval of 23.27% lead-zinc and 48 g/t silver
within a lengthy 25.04 metre intercept of 4.62% combined lead-zinc and 18 g/t silver.
Significantly, both of these holes were drilled from Pad MZ60, the furthest NE pad from which drilling
has been undertaken (see Figure 3).
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. For
example, hole YKDD24-313, drilled from pad MZ58 intersected a zone of mineralization containing
0.68% copper. If in fact this area near the northeast end of our drilling (see Figure 1) is the centre of
the deposit, then the strike length could possibly be almost twice the current drill-defined length. The
deposit also remains open at depth where 23.67 metres of sulphides including massive sulphides
were intersected at 700 metres depth (see news release dated
December 17, 2020
).
Table 1. Significant drill results from the Discovery Sector
Pad
Dip
Azimuth
Hole
From
To
Interval
Silver
Lead
Zinc
Lead + Zinc
Copper
(m)
(m)
(m)
g/t
( %)
( %)
( %)
( %)
MZ49
-45
145
YKDD24-327
92.00
95.00
3.00
9.67
1.08
2.46
3.54
0.01
120.60
125.60
5.00
50.33
5.56
8.55
14.11
0.06
159.50
161.20
1.70
26.36
6.51
6.63
13.14
0.04
MZ53
-65
145
YKDD24-330
19.00
25.50
6.50
9.84
2.89
2.44
5.33
0.01
41.30
42.60
1.30
22.88
0.37
0.67
1.03
0.25
-75
130
YKDD24-307
92.40
93.70
1.30
18.02
1.04
1.10
2.14
0.07
98.30
106.45
8.15
17.91
2.13
5.97
8.11
0.03
109.50
110.55
1.05
38.10
7.03
9.76
16.79
0.03
128.10
131.18
3.08
37.07
8.45
6.88
15.33
0.02
MZ53B
137.28
138.65
1.37
16.85
4.24
1.89
6.13
0.02
161.71
162.27
0.56
13.35
2.61
4.13
6.74
0.01
-45
145
YKDD24-329
57.93
58.90
0.97
5.47
0.27
2.31
2.58
0.00
97.42
107.78
10.36
9.39
0.88
3.39
4.27
0.02
112.32
113.16
0.84
7.97
0.61
2.33
2.94
0.01
-55
145
YKDD24-331
104.00
106.00
2.00
3.28
0.67
1.54
2.21
0.01
MZ57
-45
130
YKDD24-321
93.00
94.75
1.75
4.00
0.91
2.17
3.08
0.01
127.50
128.00
0.50
4.17
0.67
0.94
1.61
0.03
-55
130
YKDD24-323
91.35
99.53
8.18
34.35
12.95
0.93
13.88
0.07
Including
96.50
99.53
3.03
59.79
25.07
0.67
25.73
0.01
-65
130
YKDD24-324
92.75
93.75
1.00
1.67
0.18
2.25
2.43
0.01
96.65
101.4
4.75
11.51
2.66
1.31
3.97
0.07
-75
130
YKDD24-325
108.00
110.50
2.50
14.07
3.11
3.37
6.49
0.03
MZ58
-45
130
YKDD24-309
92.00
93.02
1.02
18.00
0.35
2.54
2.89
0.32
98.00
98.50
0.50
8.14
2.96
0.03
2.99
0.00
102.50
106.50
4.00
6.46
0.26
4.31
4.56
0.05
139.00
140.80
1.80
30.78
2.39
1.53
3.92
0.14
-55
130
YKDD24-311
98.60
108.60
10.00
13.10
2.88
1.55
4.43
0.02
150.45
151.35
0.90
12.40
2.48
10.10
12.58
0.05
161.43
161.97
0.54
40.50
11.55
2.30
13.85
0.12
-65
130
YKDD24-313
110.10
111.70
1.60
4.12
0.08
1.71
1.79
0.02
155.92
156.80
0.88
75.40
0.41
0.38
0.79
0.68
-75
130
YKDD24-314
119.85
123.00
3.15
22.60
3.62
7.06
10.67
0.03
MZ59
-45
130
YKDD24-316
85.80
91.00
5.20
6.71
0.23
3.07
3.30
0.05
95.30
96.30
1.00
12.2
0.32
5.25
5.57
0.03
118.65
120.35
1.70
8.22
0.34
1.47
1.81
0.04
-55
130
YKDD24-318
97.20
100.12
2.92
8.38
1.67
4.07
5.73
0.04
117.27
122.00
4.73
11.49
2.52
2.60
5.12
0.03
-65
130
YKDD24-319
106.21
106.84
0.63
112.00
5.83
32.78
38.61
0.06
113.97
121.54
7.57
14.90
0.86
2.72
3.58
0.16
-75
130
YKDD24-320
113.5
116.5
3.00
22.17
4.46
6.42
10.88
0.02
129.91
136.00
6.09
53.32
6.01
19.47
25.48
0.03
Including
131.00
133.53
2.53
93.23
11.43
32.68
44.11
0.04
MZ60
-45
130
YKDD24-308
82.40
85.50
3.10
9.39
0.45
2.00
2.45
0.08
113.77
115.30
1.53
4.23
0.06
1.24
1.29
0.00
121.00
124.00
3.00
12.68
0.34
4.53
4.87
0.02
132.05
135.70
3.65
43.60
13.40
5.89
19.29
0.02
175.05
175.94
0.89
58.80
1.26
0.44
1.70
0.50
-55
130
YKDD24-310
96.90
101.17
4.27
4.37
0.15
1.64
1.79
0.04
103.15
104.00
0.85
8.43
0.64
5.09
5.73
0.02
119.00
120.20
1.20
5.82
1.12
1.54
2.66
0.02
128.00
135.30
7.30
3.37
0.72
2.05
2.77
0.01
191.00
192.10
1.10
28.20
0.18
0.32
0.50
0.39
-65
130
YKDD24-312
117.50
142.54
25.04
18.52
0.83
3.79
4.62
0.08
Including
128.00
130.00
2.00
48.50
4.44
18.83
23.27
0.03
-75
130
YKDD24-315
141.00
156.00
15.00
61.82
3.49
19.38
22.87
0.13
Including
141.00
150.00
9.00
96.01
5.27
28.81
34.08
0.20
-85
130
YKDD24-317*
161.70
163.50
1.80
42.10
8.98
13.85
22.83
0.03
-85
130
YKDD24-317B
161.80
174.20
12.40
8.70
0.88
4.36
5.24
0.03
-45
99
YKDD24-322
137.30
148.10
10.80
12.94
2.67
2.77
5.44
0.08
250.50
251.00
0.50
9.52
2.39
0.27
2.66
0.05
-55
94
YKDD24-326
113.40
114.15
0.75
33.40
1.52
4.19
5.71
0.23
143.45
144.95
1.50
11.52
1.34
1.41
2.75
0.06
166.30
166.80
0.50
16.75
2.93
1.99
4.92
0.08
-63
88
YKDD24-328
124.80
125.67
0.87
4.15
0.10
2.49
2.59
0.02
146.10
146.67
0.57
47.40
13.40
2.31
15.71
0.04
*
Hole YKDD24-317 was lost due to ground conditions and was re-drilled as hole YKDD24-
317B
.
Figure 1 - Massive Sulphide Map (CNW Group/Cantex Mine Development Corp.)
Figure 2 - MZ59 Cross Section (CNW Group/Cantex Mine Development Corp.)
Figure 3 - MZ60 Cross Section (CNW Group/Cantex Mine Development Corp.)
These exceptionally high grade and lengthy 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.
Summary
Cantex's directors are pleased that drilling at the Massive Sulphide project continues to expand the
strike length of the exceptionally high-grade mineralization as reported in Table 1.
Beyond the outstanding silver-lead-zinc grades the mineralization also contains elevated germanium.
China
has now banned germanium exports to the US resulting in a substantial increase in the
germanium price (currently trading at
US$2.28
per gram). As
China
provides the vast majority of the
global supply of germanium a western source is needed for the manufacture of a number of modern
technologies including computer chips, solar panels, LED lights and night vision goggles. Canadian
base metal projects, including North Rackla, have sufficient quantities of germanium to meet the
desperate need of the
USA
.
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",
"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:
For further information: Cantex Mine Development Corp, Tel: +1-250-860-
8582; Email: [email protected]
CO: Cantex Mine Development Corp.
CNW 09:00e 20-JAN-25