Cantex Intersects 27.7 Metres of Semi- Massive to Massive Sulphides at Northeast End of Main Zone ON Its 100% Owned North Rackla Project, Yukon
CANTEX INTERSECTS 27.7 METRES OF SEMI-
MASSIVE TO MASSIVE SULPHIDES AT
NORTHEAST END OF MAIN ZONE ON ITS
100% OWNED NORTH RACKLA PROJECT,
YUKON
KELOWNA, BC
,
July 28, 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
.
Dr.
Charles Fipke
reports
A 27.7 Metre Zone of Semi-Massive to Massive Sulphides Intersected in Hole
YKDD22-246 at Northeast End of Main Zone
Hole YKDD22-246 was drilled at a -65 degree dip from the same pad MZ 52 and at the same 145
degree azimuth as hole YKDD22-239. As reported on
July 13, 2022
hole YKDD22-239, drilled at a
-45 degree dip, contained a 7.5 meter massive to disseminated sulphide intersection (see Figures 1
and 2).
The semi-massive to massive sulphides in hole YKDD22-246 consist of sphalerite (zinc sulphide) and
galena (lead sulphide) and were intersected from 49.6 to 77.3 metres. The 27.7 metre intersection
occurs between 51 and 69 metres depth from the surface (see Figure 2). A minor amount of
chalcopyrite (copper-iron sulphide) was intersected with massive lead-zinc sulphides from 90.7 to
91.4m
.
The above mentioned two intersections from pad MZ 52 in the northeast extend the Main Zone to
2.15 kilometres. Drilling has now commenced at a -80 degree dip below the two intersections on
pad MZ 52 (see Figure 2) and the second drill has stepped out further to northeast along strike.
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
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
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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.
Main Zone drilling (CNW Group/Cantex Mine Development Corp.)
Cross section through pad MZ52 (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 28-JUL-22