Cantex Extends Strike Length to 2,350 Metres and Confirms Elevated Germanium Results Along 2,000 Metres of Strike at the Main Zone ON Its 100% Owned North Rackla Project, Yukon
CANTEX EXTENDS STRIKE LENGTH TO 2,350
METRES AND CONFIRMS ELEVATED
GERMANIUM RESULTS ALONG 2,000
METRES OF STRIKE AT THE MAIN ZONE ON
ITS 100% OWNED NORTH RACKLA PROJECT,
YUKON
KELOWNA, BC
,
April 13, 2023
/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
.
Figure 1. Drill Pad Locations (CNW Group/Cantex Mine Development Corp.)
Dr.
Charles Fipke
reports
Drilling extends strike length of Main Zone to 2,350 metres
Cantex is pleased to report results from a further 21 drill holes from its 2022 drill program at the
North Rackla project. Eighteen holes remain to be analyzed and will be reported when complete.
Drilling from pads MZ55 and MZ55A at the Discovery Sector extended the Main Zone mineralization
50 metres further to the northeast than had been previously identified, bringing the Main Zone strike
length to 2,350 metres. Highlights of the holes drilled from these pads are presented in Table 1.
Figure 1 shows the drill pad locations and Figure 2 presents a cross section through the holes.
Table 1. Significant drill results from pads MZ55 and MZ55A
Pad
Dip
Hole
From
To
Inter-
val
Sil-
ver
Lead
Zinc
Lead +
Zinc
Cop-
per
Manga-
nese
(m)
(m)
(m)
ppm
( %)
( %)
( %)
( %)
( %)
MZ55
-55
YKDD22-262
63.50
71.00
7.50
24.01
6.50
5.48
11.98
0.02
6.66
Including
67.50
69.00
1.50
39.30
16.32
3.95
20.27
0.01
7.18
178.40
179.00
0.60
10.05
0.26
1.04
1.30
0.10
1.18
MZ55A
-55
YKDD22-269
184.60
186.40
1.80
18.33
0.51
10.95
11.46
0.03
2.49
189.50
194.00
4.50
7.29
1.25
2.30
3.55
0.01
3.07
201.00
203.15
2.15
6.79
1.69
2.56
4.25
0.02
2.02
244.30
244.80
0.50
25.10
7.26
2.13
9.39
0.01
3.49
247.60
248.40
0.80
0.89
0.03
1.42
1.45
0.00
4.04
-65
YKDD22-271
197.50
199.00
1.50
4.49
0.39
3.00
3.39
0.02
0.82
As seen in the above table hole YKDD22-262 intersected 7.5 metres of 11.98% lead-zinc, and 24
g/t silver including a 1.5 metre higher grade interval containing 20.27% lead-zinc and 39 g/t silver.
Additional Discovery Sector Results
Drill results have also been received from holes from other pads at the Discovery Sector. Significant
results from drill pads MZ52, MZ52A and MZ53A are presented in Table 2 and a cross section
through MZ53A is shown in Figure 3.
Table 2. Additional drill results from Discovery Sector
Pad
Dip
Hole
From
To
Inter-
val
Silver
Lead
Zinc
Lead
+ Zinc
Cop-
per
Man-
ganese
(m)
(m)
(m)
ppm
( %)
( %)
( %)
( %)
( %)
MZ52
-80
YKDD22-248
50.20
51.00
0.80
13.15
1.23
3.59
4.82
0.02
1.31
63.00
63.50
0.50
2.76
0.18
1.12
1.30
0.00
0.50
67.00
69.50
2.50
19.97
1.98
6.49
8.47
0.03
1.34
92.00
93.00
1.00
5.98
1.85
1.61
3.46
0.01
1.14
MZ52A
-60
YKDD22-241
154.00
162.25
8.25
25.92
4.41
5.67
10.08
0.01
3.10
177.00
178.00
1.00
9.87
2.04
3.33
5.37
0.01
0.62
184.00
190.00
6.00
17.68
3.35
5.34
8.69
0.01
5.23
Including
186.50
189.50
3.00
23.84
4.13
7.29
11.42
0.02
5.04
203.00
204.90
1.90
14.12
2.62
4.23
6.85
0.04
1.84
MZ53A
-45
YKDD22-247
147.20
148.70
1.50
54.36
7.31
3.56
10.87
0.10
2.34
151.90
158.20
6.30
25.81
2.73
4.22
6.95
0.12
3.37
Including
155.50
158.20
2.70
24.65
3.87
7.74
11.61
0.03
4.15
162.00
163.00
1.00
5.46
1.19
1.55
2.74
0.01
2.18
176.60
179.10
2.50
28.05
4.07
2.34
6.41
0.23
2.47
183.20
184.20
1.00
15.45
4.01
2.31
6.32
0.01
1.72
208.00
208.50
0.50
99.10
23.28
16.55
39.83
0.17
1.62
213.80
214.50
0.70
13.50
3.39
3.55
6.94
0.01
2.73
-59
YKDD22-260
164.00
176.50
12.50
23.60
3.08
4.02
7.10
0.07
1.89
Including
174.50
176.00
1.50
50.50
10.72
12.45
23.17
0.03
4.00
186.00
188.00
2.00
12.27
0.87
4.38
5.25
0.01
1.23
192.50
193.00
0.50
112.00
20.78
6.65
27.43
0.03
0.92
-65
YKDD22-253
174.2
183
8.8
18.74
2.25
4.65
6.9
0.05
1.7
190
191
1
12.85
6.89
3.96
10.85
0.03
0.8
201
202
1
182
0.28
0.9
1.18
0.02
0.55
205.9
206.4
0.5
42.9
6.29
5.53
11.82
0.04
1.56
239.9
240.4
0.5
11.55
2.48
1.62
4.1
0.01
2.97
-80
YKDD22-258
228
232.1
4.1
8.53
0.51
4.47
4.98
0.02
1.96
234
235
1
4.6
0.28
2.79
3.07
0.01
0.36
293.5
294.5
1
12.9
1.21
13.3
14.51
0.05
0.8
Highlights from this drilling at the Discovery Sector include a 12.5 metre intercept in hole YKDD22-
260 which contains 7.1% lead-zinc and 24 g/t silver. Within this intercept was a 1.5 metre high grade
zone containing 23.17% lead-zinc and 50 g/t silver.
Regional Targets
During 2022 the Company tested three regional targets within the North Rackla claim block. One
was targeting copper and the other two were for gold. So far significant results have only been
received from drilling at the copper target which returned one metre of 7.32% copper within 2.5
metres of 3.93% copper. These results are presented in Table 3.
Table 3. Copper Zone Results
Pad
Dip
Hole
From
To
Interval
Silver
Copper
(m)
(m)
(m)
Ppm
( %)
CU2
-90
YKDD22-268
11.00
13.50
2.50
10.36
3.93
Including
12.00
13.00
1.00
18.95
7.32
A plan view map of the Copper Zone is presented in Figure 4 and a cross section is shown in Figure
5.
Germanium
Highly elevated germanium results have now been received from the Discovery, Central and
Extension Sectors covering over 2,000 metres of the Main Zone strike length (see Figure 6 for drill
pad locations with germanium results). The initial results of six holes (see
February 9, 2023
news
release) averaged 795 grams germanium per tonne and these new 76 analyses from 19 holes
averaged 793 grams per tonne.
Table 4. Germanium results from the Main Zone.
Pad
Hole
Depth
(m)
Germanium
(grams/tonne)
Number of
analyses
Comment
MZ03
YKDD19-047
120.45
544
4
MZ05
YKDD10-042
41.90
2101
4
YKDD19-043
73.00
852
4
MZ06
YKDD18-013
122.00
686
4
YKDD18-014
197.00
734
6
*Includes 2 previous analyses
199.00
402
4
202.00
895
6
*Includes 2 previous analyses
192.00
689
4
MZ07X
YKDD20-171
355.55
612
4
MZ30
YKDD21-187
164.10
1322
4
MZ33
YKDD19-146
234.00
668
4
MZ36
YKDD21-190
182.40
923
4
YKDD21-194
324.85
857
4
MZ50A
YKDD21-191
225.20
429
4
YKDD21-192
252.20
746
4
MZ51
YKDD21-183
85.45
695
4
YKDD21-186
96.60
984
4
MZ51A
YKDD21-195
154.45
453
4
YKDD21-200
223.00
473
4
Average
793
Germanium results from one hole at the GZ Zone have also been received. As presented in Table 5
this sample contained 1,257ppm germanium. While this is only the first sample from the GZ Zone it
does show that mineralization at this zone also contains highly elevated germanium values.
Table 5. Germanium results from the GZ Zone.
Pad
Hole
Depth
(m)
Germanium
(grams/tonne)
Number of
analyses
GZ02
YKDD20-175
84.15
1257
4
Germanium is integral to many modern technologies, including fibre-optic systems, the highest
efficiency solar cells and high-brightness light-emitting-diodes used in televisions and vehicle
headlights. As there is a very limited western supply it has been classified as a Critical Element in
both
Canada
and
the United States
and has a high value, currently selling for
US$1.33
per gram
(
April 11, 2023
; Trading Economics;
https://tradingeconomics.com/commodity/germanium
).
Cantex's directors are most pleased that, to date, every sample tested from the Main Zone contains
elevated germanium.
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.
For germanium analyses a piece of split core approximately 15cm in length containing sphalerite was
selected and submitted to CF Mineral Research Ltd. From the selected location a piece of a thin
slice of core was mounted in epoxy, polished, carbon coated and mapped using a scanning electron
microscope to select sphalerites for analysis. The samples were then sent to UBC Okanagan for
germanium analysis using laser ablation inductively coupled plasma mass spectroscopy (LA-
ICPMS). A 100 micron spot size was used and NIST610 and 612 reference materials were used as
standards.
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
, 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.
Figure 2. Cross section through drill pads MZ55 and MZ55A. (CNW Group/Cantex Mine
Development Corp.)
Figure 3. Cross section through drill pad MZ53A. (CNW Group/Cantex Mine Development Corp.)
Figure 4. Copper Zone drilling. (CNW Group/Cantex Mine Development Corp.)
Figure 5. Cross section through the Copper Zone. (CNW Group/Cantex Mine Development Corp.)
Figure 6. Location of germanium drill results. (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 13-APR-23