Cantex Intersects 6.0 Metres of 14.05% Lead-Zinc at Gz Zone ON Cantex'S 100% Owned North Rackla Project, Yukon
CANTEX INTERSECTS 6.0 METRES OF
14.05% LEAD-ZINC AT GZ ZONE ON
CANTEX'S 100% OWNED NORTH RACKLA
PROJECT, YUKON
KELOWNA, BC
,
April 26, 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
.
Dr.
Charles Fipke
reports that the final 2021 drill results are now available:
GZ Zone Drill Results
Drilling at the GZ Zone continues to return high-grade intercepts of silver-lead-zinc mineralization.
Further drilling from pad GZ02D, from which hole YKDD21-209 intersected 16.05 metres of 23.95%
combined lead and zinc with 101g/t silver and
9.1m
of 17.78% combined lead and zinc with 53g/t
silver (see news release dated
February 16, 2022
), intersected 6.0 metres of 14.05% combined
lead and zinc with 9 g/t silver in hole YKDD21-210. Drill pad locations are presented in Figure 1.
Drilling from pad GZ02E (hole YKDD21-213) intersected 4.5 metres of 17.63% lead-zinc and 28 g/t
silver. Hole YKDD21-214 collared on pad GZ03E intersected 3.95 metres of 12.86% lead-zinc with
13 g/t silver (see Table 1).
Table 1. GZ Zone Drill Results.
Pad
Dip
Hole
From
(m)
To
(m)
Length
(m)
Silver
(g/t)
Lead +
Zinc
(%)
Lead
(%)
Zinc
(%)
Copper
(%)
Manganese
(%)
GZ01
-45
YKDD21-205
No mineralization intersected
-65
YKDD21-206
No mineralization intersected
GZ02D
-55
YKDD21-210
8.50
15.40
6.90
0.36
1.72
0.04
1.68
0.00
1.24
21.00
27.00
6.00
9.00
14.05
0.40
13.65
0.03
0.84
33.00
34.00
1.00
0.80
2.65
0.01
2.64
0.00
0.38
160.00
160.50
0.50
1.21
1.48
0.01
1.47
0.01
0.44
-90
YKDD21-212
No significant results
GZ02E
2.30
11.00
8.70
7.33
2.44
0.16
2.28
0.01
3.58
16.35
18.00
1.65
3.35
5.72
0.97
4.75
0.00
2.77
-90
YKDD21-213
38.50
43.00
4.50
28.41
17.63
4.09
13.54
0.02
0.56
GZ03E
-45
YKDD21-214
111.30
115.25
3.95
13.19
12.86
1.59
11.27
0.02
0.67
As the geometry of the mineralization is not yet known it is not possible to estimate true widths.
Figure 1.
Drill pad locations (CNW Group/Cantex Mine Development Corp.)
Main Zone Drill Results
Drilling at the Main Zone continues to return high-grade intercepts of silver-lead-zinc mineralization.
From pad MZ32 hole YKDD21-208 intersected 3.15 metres of 19.00% combined lead-zinc (see
Table 2). Hole YKDD21-204 from pad MZ34 intersected a 1 metre interval containing 245 g/t
silver and hole YKDD21-203 (pad 51A) intersected 3.4 metres of 13.39% combined lead-zinc.
Table 2. Main Zone Drill Results
Pad
Dip
Hole
From
(m)
To
(m)
Length
(m)
Silver
(g/t)
Lead +
Zinc
(%)
Lead
(%)
Zinc
(%)
Copper
(%)
Manganese
(%)
MZ31
-75
YKDD21-211
251.30
251.80
0.50
4.39
6.03
5.41
0.62
0.00
0.48
256.35
270.00
13.65
10.62
2.64
0.11
2.53
0.30
3.22
274.70
275.60
0.90
2.09
2.77
0.04
2.73
0.03
3.11
347.80
348.30
0.50
5.97
6.04
1.35
4.69
0.01
1.14
350.00
350.50
0.50
4.16
4.72
0.01
4.71
0.01
1.56
MZ32
-75
YKDD21-208
232.35
235.50
3.15
51.82
19.00
9.46
9.54
0.22
3.69
348.85
349.50
0.65
1.35
1.45
0.06
1.39
0.01
2.32
MZ34
-85
YKDD21-204
Including
135.00
136.55
1.55
2.75
1.07
0.09
0.98
0.00
0.03
160.15
160.65
0.50
31.70
2.65
1.76
0.89
0.00
0.10
644.90
645.90
1.00
7.90
2.33
0.29
2.04
0.00
0.68
648.20
651.00
2.80
101.76
1.27
0.29
0.98
0.16
1.91
648.20
649.20
1.00
245.90
3.01
0.57
2.44
0.29
3.12
681.00
681.60
0.60
15.90
4.51
0.87
3.64
0.09
0.61
MZ36
-57
YKDD21-193
No significant results
-73
YKDD21-196
298.25
298.75
0.50
5.01
5.48
0.05
5.43
0.01
0.38
337.00
337.50
0.50
33.70
0.11
0.06
0.05
0.76
2.77
339.00
339.50
0.50
34.60
0.07
0.04
0.03
1.19
2.30
340.00
340.50
0.50
2.25
1.87
0.14
1.73
0.02
1.57
350.60
351.50
0.90
9.68
3.75
1.06
2.69
0.01
0.37
357.00
358.00
1.00
5.90
1.36
0.74
0.62
0.00
0.25
423.50
424.00
0.50
19.85
0.16
0.02
0.14
0.75
2.03
428.40
428.90
0.50
30.20
1.55
0.37
1.18
0.44
1.39
485.50
486.00
0.50
4.33
5.81
0.51
5.30
0.02
0.29
511.75
513.00
1.25
158.00
11.17
9.34
1.83
1.39
2.35
MZ49A
-45
YKDD21-198
229.60
230.60
1.00
29.50
7.95
2.42
5.53
0.07
1.59
241.50
242.00
0.50
14.70
8.88
1.41
7.47
0.01
0.29
244.85
245.40
0.55
1.50
1.94
0.13
1.81
0.00
0.84
251.00
251.50
0.50
3.99
2.60
0.34
2.26
0.00
0.54
254.10
254.70
0.60
25.90
8.63
2.94
5.69
0.06
2.23
259.35
260.00
0.65
11.20
1.20
0.37
0.83
0.32
1.13
262.50
263.00
0.50
12.60
5.05
2.60
2.45
0.00
0.61
MZ51A
-57
YKDD21-197
82.50
83.00
0.50
30.10
0.28
0.16
0.12
0.61
0.09
172.80
173.30
0.50
6.96
5.96
0.99
4.97
0.01
0.05
181.40
184.00
2.60
17.27
8.53
1.66
6.87
0.07
2.35
200.00
200.50
0.50
7.95
3.93
0.83
3.10
0.01
0.39
207.00
207.50
0.50
1.42
1.37
0.13
1.24
0.00
0.65
209.80
210.30
0.50
31.70
15.55
3.75
11.80
0.10
0.92
234.00
236.05
2.05
30.22
13.46
3.63
9.83
0.04
1.00
89.9
YKDD21-203
364.60
368.00
3.40
20.11
13.39
3.44
9.95
0.06
1.15
Summary
The Cantex directors continue to be impressed with the quality of the mineralization being
intersected at the GZ Zone, and that it is being intersected near surface. The 2022 drill program will
commence here with two drills working to better define the orientation of the mineralization and
extend it along strike.
Another drill rig is presently on the site of the high-grade copper anomaly (Anomaly G66) which will
be drilled as soon as sufficient snow melts. Structural geologist
Chris Buchanan
will be geologic
mapping to define drill targets on an additional high-grade copper, three high-grade gold and four
high-grade silver-lead-zinc anomalous areas that surround the Main and GZ Zones of mineralization
(see Figure 1 in Company's news release dated
June 24, 2021
).
Drilling at the Main Zone continues to demonstrate the large size of this mineralized body. Drilling
this season will be focussed on extending the strike length beyond the 2.1km already drill proven.
Project staff will shortly be mobilizing to site to commence preparations for the start of drilling, which
is expected to start in mid-May.
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
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such forward-looking statements. Such factors include, among others, risks identified in the
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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-APR-22