Cantex Intersects 8.40 Metres (6.62 Metres True Width) of 19.45% Lead-Zinc With 119.17 g/ton Silver at North Rackla
Cantex Intersects 8.40 Metres (6.62 Metres
True Width) of 19.45% Lead-Zinc With 119.17
g/ton Silver at North Rackla
KELOWNA, BC
,
March 17, 2020
/CNW/ -
Cantex Mine Development Corp.
(CD: TSXV) (the
"Company") has released an update on the work program at its Massive Sulphide project within its
100-per-cent-owned 14,077 hectare North Rackla claim block where drill results continue to define a
silver-lead-zinc mineralized system with Broken Hill Type (BHT) affinities.
Dr.
Chuck Fipke
reports
HIGHLIGHTS
All of the 2019 drill results have now been received from the Massive Sulphide project
Additional results have been received from drilling at pads MZ31, MZ32, MZ33, MZ34 and
MZ39B within the Main Zone
Highlights include a true width of 6.62 metres of 119.17 g/t silver, 8.77% lead and 10.68% zinc
was intersected from 275.70 to 284.10 metres in hole YKDD19-125
Results continue to confirm the presence of a large-scale mineralizing system within a marine
sedimentary sequence of Proterozoic age
RESULTS
Additional assays have been received from some of the holes presented in the Company's
January
30, 2020
release. These results, from eight holes drilled off pads MZ31, 32, 33, 34 and
39B
, show
additional silver-lead-zinc mineralization in this area. These new results are italicized within Table 1.
Collar locations are presented in Figure 1.
Table 1. Additional drill results from previously released Main Zone holes
Pad
Dip
Hole
From
(m)
To
(m)
Length
(m)
True
Width
(m)
Silver
(g/t)
Lead +
Zinc
(5%)
Lead
(%)
Zinc
(%)
Copper
(%)
Mn
(%)
MZ 39B
-71
YKDD19-121
12.20
13.50
1.30
0.71
8.97
10.17
2.51
7.66
0.02
2.51
29.10
47.00
17.90
9.75
3.96
3.04
0.83
2.21
0.00
1.03
50.30
51.80
1.50
0.82
3.14
2.16
0.41
1.75
0.03
3.55
82.80
84.70
1.90
1.03
51.50
0.02
0.00
0.02
1.98
2.59
MZ 31
-70
YKDD19-152
213.50
214.00
0.50
0.23
33.50
9.59
6.02
3.57
0.07
2.73
220.70
221.85
1.15
0.52
2.07
2.60
0.13
2.47
0.00
3.23
Pad
Dip
Hole
From
(m)
To
(m)
Length
(m)
True
Width
(m)
Silver
(g/t)
Lead +
Zinc
(%)
Lead
(%)
Zinc
(%)
Copper
(%)
Mn
(%)
MZ 34
-45
YKDD19-153
144.10
146.45
2.35
2.09
1.64
2.28
0.07
2.21
0.01
0.31
171.00
171.50
0.50
0.45
3.16
3.25
0.87
2.38
0.01
0.73
186.50
188.70
2.20
1.96
23.92
5.85
4.11
1.74
0.07
0.78
210.90
214.10
3.20
2.85
166.47
4.37
0.71
3.66
1.98
2.69
227.15
227.95
0.80
0.71
1.12
3.44
0.08
3.36
0.01
0.38
229.15
230.00
0.85
0.76
1.73
2.69
0.02
2.67
0.00
0.26
233.40
234.40
1.00
0.89
60.40
12.59
4.94
7.65
0.32
1.43
237.15
238.00
0.85
0.76
0.59
3.01
0.01
3.00
0.01
0.20
240.10
241.60
1.50
1.34
0.61
1.41
0.04
1.37
0.00
0.36
300.25
303.00
2.75
2.45
5.24
4.86
1.05
3.81
0.01
0.18
-62
YKDD19-156
189.60
191.00
1.40
1.06
1.80
1.25
0.10
1.15
0.01
0.25
233.45
234.05
0.60
0.45
3.75
3.34
0.10
3.24
0.01
0.30
270.65
287.50
16.85
12.72
44.70
10.67
3.20
7.47
0.08
4.10
Including
272.80
283.50
10.70
8.08
62.58
15.83
4.90
10.93
0.06
5.02
333.85
334.50
0.65
0.49
1.43
2.53
0.30
2.23
0.01
0.33
339.75
340.35
0.60
0.45
13.50
2.68
0.91
1.77
0.13
2.10
MZ 33
-62
YKDD19-146
186.60
188.30
1.70
1.18
12.71
10.40
1.57
8.83
0.02
2.05
218.80
220.20
1.40
0.97
0.80
1.34
0.08
1.26
0.00
0.64
222.60
240.75
18.15
12.61
95.62
33.82
13.21
20.61
0.07
2.23
351.00
352.55
1.55
1.08
137.10
26.12
21.32
4.80
0.35
1.65
360.60
361.55
0.95
0.66
24.50
7.45
1.65
5.80
0.21
2.33
392.20
392.70
0.50
0.35
7.17
3.23
0.23
3.00
0.03
1.12
412.25
413.60
1.35
0.94
53.79
4.75
2.73
2.02
0.53
4.64
452.25
453.00
0.75
0.52
1.11
1.45
0.14
1.31
0.00
0.22
MZ 32
-62
YKDD19-107
146.80
147.80
1.00
0.64
7.31
4.68
0.38
4.30
0.10
2.01
179.60
180.60
1.00
0.64
3.51
1.94
0.10
1.84
0.07
3.07
181.10
182.50
1.40
0.90
22.46
15.92
0.76
15.16
0.10
3.07
266.80
267.40
0.60
0.39
0.74
1.63
0.01
1.62
0.00
0.27
408.90
413.40
4.50
2.89
8.88
8.44
0.27
8.17
0.02
0.30
-70
YKDD19-112
171.00
173.00
2.00
1.06
5.10
2.71
0.25
2.46
0.03
0.50
220.70
222.50
1.80
0.95
2.11
5.32
0.01
5.31
0.01
4.57
224.90
226.00
1.10
0.58
9.03
2.32
0.78
1.54
0.04
1.65
248.50
252.30
3.80
2.05
7.58
5.84
0.03
5.81
0.01
1.13
253.30
254.40
1.10
0.58
4.52
4.29
0.01
4.28
0.01
0.39
326.00
326.60
0.60
0.32
10.95
2.00
0.91
1.09
0.07
0.95
467.40
468.40
1.00
0.54
2.08
1.16
0.16
1.00
0.01
0.53
487.80
488.80
1.00
0.54
11.05
1.49
0.15
1.34
0.07
2.02
493.60
494.20
0.60
0.33
318.00
1.62
0.36
1.26
1.55
1.86
506.00
506.60
0.60
0.33
52.20
17.83
17.10
0.73
0.08
2.42
-80
YKDD19-117
104.00
105.50
1.50
0.56
5.01
2.76
0.34
2.42
0.01
0.09
308.10
318.00
9.90
3.71
5.59
2.36
0.04
2.32
0.08
3.08
Including
316.00
317.00
1.00
0.37
4.27
11.79
0.04
11.75
0.05
2.73
324.00
325.00
1.00
0.37
1.29
2.02
0.04
1.98
0.01
4.61
348.00
350.00
2.00
0.75
3.26
1.83
0.00
1.83
0.00
2.32
Figure 1.
Drilling plan view (CNW Group/Cantex Mine Development Corp.)
Drill results from 39 holes drilled at sixteen drill pads on the Main Zone have now been received.
Drilling from pad MZ 5X continued to intercept mineralization to depth below pad MZ 5. A true width
of 6.62 metres of 119.17 g/t silver, 8.77% lead and 10.68% zinc was intersected in hole YKDD19-
125 starting at 275.70 metres. No significant results were intersected in drilling from pads MZ14,
MZ16B, MZ48, MZ-3 and MZ-5. Results from these holes are presented in Table 2.
Table 2. Main Zone drill results
Pad
Dip
Hole
From
To
Length
True
Silver
Lead +
Lead
Zinc
Copper
Mn
Width
Zinc
(m)
(m)
(m)
(m)
(g/t)
(%)
(%)
(%)
(%)
(%)
MZ 1
-45
YKDD19-089
No significant results ("NSR")
-62
YKDD19-092
NSR
-70
YKDD19-094
NSR
-80
YKDD19-095
175.40
176.30
0.90
0.51
18.20
1.87
1.85
0.02
0.00
3.74
177.90
181.00
3.10
1.78
90.34
0.25
0.07
0.18
0.10
2.82
186.40
188.50
2.10
1.20
51.03
0.25
0.15
0.10
0.11
2.51
MZ 2
-45
YKDD19-075
NSR
-62
YKDD19-079
YKDD19-084
NSR
-70
YKDD19-084
NSR
-80
YKDD19-085
137.30
138.50
1.20
0.71
177.00
1.32
0.52
0.80
1.01
2.02
141.30
145.60
4.30
2.53
55.73
6.11
5.81
0.30
0.07
3.00
-89
YKDD19-088
199.10
200.00
0.90
0.31
574.00
5.69
5.40
0.29
0.83
2.66
202.00
203.60
1.60
0.55
13.90
1.94
1.92
0.02
0.01
2.98
213.30
213.90
0.60
0.21
25.00
1.36
1.31
0.05
0.03
2.48
221.60
222.60
1.00
0.34
26.50
3.21
3.16
0.05
0.01
3.88
227.00
231.30
4.30
1.47
166.94
3.61
3.02
0.59
0.38
2.96
MZ 15
-45
YKDD19-120
116.00
117.00
1.00
0.84
2.09
1.24
0.06
1.19
0.00
1.01
MZ 16
-45
YKDD19-097
110.40
111.50
1.10
0.93
4.05
1.32
0.18
1.14
0.00
1.91
-62
YKDD19-100
NSR
-70
YKDD19-102
NSR
-80
YKDD19-104
NSR
MZ 29
-45
YKDD19-145
112.75
115.05
2.30
1.97
3.35
2.31
1.24
1.07
0.01
5.06
-62
YKDD19-147
NSR
-70
YKDD19-150
190.40
191.20
0.80
0.45
41.00
0.36
0.12
0.24
1.78
2.42
203.75
204.60
0.85
0.48
6.21
1.88
1.85
0.04
0.00
4.11
237.90
239.50
1.60
0.89
52.75
2.17
0.33
1.84
0.78
2.83
MZ 36C
-50
YKDD19-136
174.60
176.00
1.40
1.13
7.50
0.54
0.10
0.44
0.93
0.48
MZ 37B
-45
YKDD19-140
NSR
-62
YKDD19-141
138.70
139.60
0.90
0.45
0.84
1.29
0.04
1.26
0.00
0.18
156.30
156.80
0.50
0.25
0.79
1.61
0.08
1.53
0.00
0.25
MZ 38C
-45
YKDD19-133
NSR
-65
YKDD19-137
47.80
48.30
0.50
0.86
5.50
1.96
0.31
1.65
0.09
0.49
Pad
Dip
Hole
From
To
Length
True
Silver
Lead +
Lead
Zinc
Copper
Mn
Width
Zinc
(m)
(m)
(m)
(m)
(g/t)
(%)
(%)
(%)
(%)
(%)
MZ 43
-45
YKDD19-135
NSR
-70
YKDD19-138
94.10
94.70
0.60
0.27
4.44
2.36
0.09
2.27
0.00
0.52
126.80
128.00
1.20
0.54
18.90
1.63
0.41
1.22
0.04
0.75
171.90
172.50
0.60
0.27
10.40
6.80
1.45
5.35
0.01
0.25
180.00
181.80
1.80
0.82
20.52
2.18
0.63
1.55
0.05
0.81
MZ 43B
-45
YKDD19-142
250.00
250.85
0.85
0.65
3.49
1.27
0.20
1.08
0.02
0.34
MZ 5X
-47
YKDD19-125
270.00
271.00
1.00
0.79
30.60
7.20
4.36
2.84
0.01
3.88
275.70
284.10
8.40
6.62
119.17
19.45
8.77
10.68
0.07
2.33
307.90
308.60
0.70
0.55
103.00
32.15
15.75
16.4
0.06
0.82
323.60
324.30
0.70
0.55
45.30
6.56
1.13
5.43
0.01
0.29
325.60
326.30
0.70
0.55
8.98
2.86
0.73
2.13
0.00
0.18
-65
YKDD19-127
360.90
362.20
1.30
0.80
17.35
3.52
1.13
2.39
0.00
4.52
367.50
374.10
6.60
4.06
41.28
9.45
4.71
4.74
0.01
4.64
Including
370.80
372.00
1.20
0.74
136.32
23.15
12.19
10.96
0.03
3.15
-71
YKDD19-131
NSR
-74
YKDD19-134
NSR
-71
YKDD19-139
416.00
418.10
2.10
1.41
12.67
4.94
4.28
0.66
0.00
2.95
Figures 2, 3, 4 show sections through pads MZ5X, MZ33 and MZ34 respectively.
Seven holes were drilled from 3 pads at the South Zone. Although high zinc values were found in
grab samples collected at surface (see release dated
September 10, 2019
) the drilling did not
intersect significant mineralization. Additional sampling and mapping will be completed to assist in
future drill testing of this zone.
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 samples were dried prior to crushing to -10 mesh. The samples, which averaged
over 3kg, were then mixed prior to splitting off 800 to 1,000g. The 800g splits were pulverized to -
200 mesh and a 250g split was sent for assay. Quality control procedures included the insertion of
coarse quartz samples to assess the sample preparation. 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 are then analyzed by titration methods Pb-VOL70 and Zn-
VOL50. The over limit analyses (and the over limit – over limit analyses) contribute to delays in
receiving final assay results.
Figure 2.
Drill pad MZ5X section (CNW Group/Cantex Mine Development Corp.)
Figure 3.
Drill pad MZ33 section (CNW Group/Cantex Mine Development Corp.)
Figure 4.
Drill pad MZ34 Section (CNW Group/Cantex Mine Development Corp.)
DISCUSSION
Drill results continue to demonstrate the extensive trend of the Main Zone high-grade silver-lead-zinc
mineralization at the Company's Massive Sulphide project, which is believed to be of sedimentary
exhalative (sedex) origin. Mineralization is coarsely crystalline and appears to be stratabound,
showing evidence of recrystallization during mild metamorphism. Based on a combination of multiple
factors (the nature of the sedimentary host sequence, the Proterozoic age, the elevated manganese
levels, and the high silver content), the North Rackla mineralization is believed to belong to the BHT
(Broken Hill type) sub-class of sedex silver-lead-zinc deposits. The Broken Hill massive sulphide
deposit is also locally displaced by faulting and folding, has been mined for more than 100 years and
produced some of the highest silver-lead-zinc grades in the world. It is the founding deposit of BHP,
the world's largest mining company.
The 2019 program has recently discovered at pads MZ32, MZ33 and MZ34 high grade massive
sulphides in between the massive sulphides intersected at the Discovery Target and the Extension
Target. These high-grade massive sulphides have been displaced to the north by faulting and
perhaps folding. As the high-grade mineralization in this area occurs under overburden and has not
been detectable using geophysics, structural geologist
Chris Buchanan
has been unravelling this
structural history by relogging the drill core situated in
Kelowna
, BC. He intends to complete the
structural logging of the core situated at the North Rackla camp at the end of March. His work will
assist in drill targeting for the upcoming season.
The Company continues to be impressed by the results and potential of the project and looks
forward to the coming drill program.
Cantex has issued an aggregate of 250,000 options at
$0.80
for a period of 5 years to a director
and a consultant to the Company as of
March 9, 2020
.
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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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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financial statement or other reports and filings with Canadian securities regulators. Forward
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attributing undue certainty to forward-looking statements.
SOURCE
Cantex Mine Development Corp.
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CNW 09:00e 17-MAR-20