Cantex Extends Main Zone to Drill Confirmed 2,300 Metres ON Its 100% Owned North Rackla Project, Yukon
CANTEX EXTENDS MAIN ZONE TO DRILL
CONFIRMED 2,300 METRES ON ITS 100%
OWNED NORTH RACKLA PROJECT, YUKON
KELOWNA, BC
,
Sept. 26, 2022
/CNW/ -
Cantex Mine Development Corp.
(TSXV: CD) (OTCQB:
CTXDF) (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
.
Figure 1.
Map of Main Zone Drilling (CNW Group/Cantex Mine Development Corp.)
Dr.
Charles Fipke
reports
Drilling confirms strike extension of mineralization to northeast along Main
Zone
Cantex is pleased to report the first results from its 2022 drill program at the Main Zone of the North
Rackla project. To date results from three holes have been received. These results confirm that the
Main Zone mineralization continues to the northeast in the Discovery Sector. The results from these
three holes are presented in Table 1.
Holes YKDD22-243 and YKDD22-244 are drilled from pad MZ52A while YKDD22-245 was drilled
from pad MZ52. All these holes intersected mineralization 50 metres beyond drilling completed in
2021, bringing the strike length to 2,150 metres. Additional drilling is now underway further to the
northeast, from which results are awaited, that has extended the mineralization a further 150 metres,
bringing the drill confirmed strike length to 2,300 metres.
The drill collar location of these holes is shown on Figure 1. A cross section through these holes is
presented in Figure 2.
Table 1. Significant results from Discovery Sector
Pad
Dip
Hole
From
(m)
To
(m)
Length
(m)
Silver
(g/t)
Lead
+ Zinc
(%)
Lead
(%)
Zinc
(%)
Copper
(%)
Man-
ganese
(%)
-55
YKDD22-243
159.0
167.0
8.0
19.63
3.97
0.93
3.04
0.05
1.68
185.0
187.1
2.1
71.94
27.57
11.78
15.79
0.05
1.46
MZ52A
-65
YKDD22-244
197.0
206.0
9.0
24.71
9.69
3.13
6.56
0.09
1.76
220.0
221.05
1.05
64.60
24.10
13.45
10.65
0.06
1.55
MZ52
-55
YKDD22-245
48.5
50.5
2.0
40.30
11.49
6.29
5.20
0.02
3.59
58.5
65.5
7.0
37.53
12.13
5.11
7.02
0.14
3.52
78.5
79
0.5
10.65
4.92
1.56
3.36
0.01
0.60
106.5
107.5
1.0
4.31
2.54
0.78
1.76
0.01
0.62
134.0
135.0
1.0
4.55
1.25
0.13
1.12
0.01
0.75
Results have also been received from 8 holes drilled at the GZ Zone. These holes were drilled in
covered areas to help define controlling structures and did not intersect significant mineralization.
Cantex has completed 54 holes on the North Rackla project so far during the 2022 season. Results
from 36 of these holes are still awaited and will be reported when received.
The drill team will shortly go on a two week break as mandated by the Yukon Workers' Safety and
Compensation Board and will be back drilling on
October 7
th
.
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 which were in turn placed into larger bags closed with security seals prior to being
transported to CF Mineral Research Ltd. in
Kelowna, BC
.
At CF Minerals the drill core was dried prior to crushing to -10 mesh. The samples, which averaged
over 3kg, were 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 of the
mineralization. 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 over limit analyses contributed to delays in receiving final assay
results.
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
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release. Information set forth in this news release includes forward-looking statements under
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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-
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except as required by applicable securities laws. Investors are cautioned against attributing undue
certainty to forward-looking statements.
Figure 2.
Cross Section Through Drill Pads MZ52 and MZ52A. (CNW Group/Cantex Mine
Development Corp.)
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-SEP-22