Cantex Intersects 47.5% Zinc, 12.5% Lead and 336G/T Silver over 3.7M Within a 16.05M Intersection of 24% Lead-Zinc with 101G/T Silver at Gz Zone ON Cantex'S 100% Owned North Rackla Project, Yukon
CANTEX INTERSECTS 47.5% ZINC, 12.5%
LEAD AND 336G/T SILVER OVER 3.7M WITHIN
A 16.05M INTERSECTION OF 24% LEAD-ZINC
WITH 101G/T SILVER AT GZ ZONE ON
CANTEX'S 100% OWNED NORTH RACKLA
PROJECT, YUKON
KELOWNA, BC
,
Feb. 16, 2022
/CNW/ -
Cantex Mine Development Corp.
(TSXV: CD) (the
"Company") has released an update on the work program at its 100-percent-owned 14,077 hectare
North Rackla claim block in the
Yukon
.
Figure 1. 2021 GZ Zone Drilling (CNW Group/Cantex Mine Development Corp.)
Dr.
Charles Fipke
reports:
GZ Zone Drill Results
Drilling from pad GZ02D at the GZ Zone has intersected exceptional silver-lead-zinc grades. The
GZ Zone, discovered in 2020, is located on Figure 1. Hole YKDD21-209 drilled at a dip of -45
degrees and an azimuth of 304 degrees intersected two significant zones of mineralization. The first
measures
16.05m
of 23.95% combined lead and zinc with 101g/t silver and the second measures
9.1m
of 17.78% combined lead and zinc with 53g/t silver.
Within the first intercept are two exceptional high-grade zones. The first measures
2.6m
of 48.2%
combined lead-zinc with 117.6 g/t silver. The second measures
3.7m
of 60.0% combined lead-zinc
with 336.5 g/t silver. These results are presented in Table 1.
Results are awaited from a further six holes at the GZ Zone. Hole YKDD21-207 drilled from pad
GZ0 did not intersect significant mineralization.
Table 1. GZ Zone drill results.
Pad
Dip
Hole
From
(m)
To
(m)
Length
(m)
Silver
(g/t)
Lead + Zinc
(%)
Lead
(%)
Zinc
(%)
Copper
(%)
Manganese
(%)
GZ02D
-45
YKDD21-209
22.10
38.15
16.05
101.3
23.95
4.7
19.25
0.03
0.71
Including
27.75
30.35
2.60
117.6
48.17
9.36
38.81
0.08
0.95
And
33.45
37.15
3.70
336.5
60.04
12.52
47.51
0.04
0.14
72.00
81.10
9.10
53.1
17.78
5.02
12.76
0.00
1.45
-55
YKDD21-210
Results pending
-90
YKDD21-212
Results pending
GZ0
-45
YKDD21-207
No significant results
GZ1
-45
YKDD21-205
Results pending
-65
YKDD21-206
Results pending
GZ02E
-90
YKDD21-213
Results pending
GZ03E
-45
YKDD21-214
Results pending
As the geometry of the mineralization is not yet known it is not possible to estimate true widths.
Summary
The drill results in this release from the GZ Zone are the highest silver-lead-zinc results yet reported
from the North Rackla project. Drilling has yet to be completed in between the GZ Zone and the
Main Massive Sulphide Zone located
500m
to the north (see Figure 1). Extensive drilling at the Main
Zone has previously defined high grade silver-lead-zinc mineralization over 2.1km of strike length.
The Cantex directors are most excited by these outstanding high-grade near surface intersections.
Additional drilling in between the Main and GZ Zones is needed to determine whether or not the two
zones are connected.
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, zinc or copper values exceeded one percent the Pb-OG62, Zn-OG62 or
Cu-OG62 techniques were used. These have upper limits of 20% lead, 30% zinc and 50% copper,
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
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
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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
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certainty to forward-looking statements.
SOURCE
Cantex Mine Development Corp.
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For further information:
Cantex Mine Development Corp, Tel: +1-250-860-8582; Email:
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CNW 09:00e 16-FEB-22