Cantex Intersects Fresh Massive Sulphides in Four Recent Drill Holes on North Rackla Claims, Yukon
Cantex Intersects Fresh Massive Sulphides in
Four Recent Drill Holes on North Rackla
Claims, Yukon
KELOWNA
,
Aug. 22, 2018
/CNW/ - As of
August 19
,
Cantex Mine Development Corp.
(TSXV:
CD) (the "
Company
") has completed four core holes toward the steeply dipping oxidized discovery
outcrop of 15.7 meter apparent width. In addition, four core holes have been drilled into the
southern extension zone. These two zones occur within a massive sulphide zone of at least 3
kilometers in length on the 100% Cantex owned North Rackla claims located about 110 km northeast
of Victoria Gold Corp.'s proposed Eagle Gold Mine in the
Central Yukon
.
In the discovery area, the two deep holes numbered 3 and 4 did not intersect the oxidized near
surface massive sulphide zones intersected in hole 1 over 15.4 meters apparent width, and in hole 2
over 4.66 and 9.96 apparent widths. The geologists think that it is possible the lower most zone has
been thrust faulted to the northwest to an area where a subparallel highly anomalous zone of silver-
copper-lead-zinc-manganese in soil talus occurs. Geologist Dr.
Trygve Hoy
, who logged the drill
core previously obtained from the southern extension, is going to the property on
August 22
to
undertake geologic mapping and investigate the thrust fault possibility. Additional soil-talus and rock
sampling is being completed this year in case the anomalous area to the northwest will warrant
drilling next year.
The drill was moved to the southern extension of the massive sulphide wherein previous near surface
drilling intersected oxidized massive sulphides analysing 214.3 g/ton silver, 0.7% copper, 2.22% lead
and 1.11% zinc over an apparent width of 5.6 meters with high grade sections yielding up to 1,040
g/ton silver, 29.6% lead and 2.19% zinc over 0.85 meter apparent width. Three new holes were
drilled here at 137° azimuth southeasterly at dips of -62°, -70°, and -80° into this oxidized massive
sulphide zone steeply dipping at about 80
o
to the northwest.
All three drill holes that have been drilled below this oxidized massive sulphide intersection have
intersected fresh silver-lead-zinc massive sulphides of 15.5 meter, 16.0 meter and 21.8 meter
apparent widths at depths of 61 meters, 84 meters, and 156 meters respectively below the
previous intersection. We are most encouraged as these intersections demonstrate the massive
sulphide zone maintains a substantial thickness at depth.
A fourth core hole has been drilled at a 102° azimuth and -60° dip toward southwest trending
massive sulphide from the same drill pad as the three holes. This hole has also intersected fresh
massive sulphides over a 9 meter apparent width between 125.4 and 134.4 meters.
The drill rig is now in the process of drilling a fifth hole from the same drill pad at a 192° south
azimuth and -60° dip. When complete, the drill will be moved to a pad to drill the previous untested
northern gold-silver-copper-lead-zinc discovery located about 8 km northward on the same North
Rackla claims. This discovery has yielded many rock grab and trench samples assaying to 15.7
g/ton gold, 377 g/ton silver, 22% zinc, 11% lead and 0.3% copper.
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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SOURCE
Cantex Mine Development Corp.
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Cantex Mine Development Corp, Tel: +250-860-8582; Email:
CO: Cantex Mine Development Corp.
CNW 14:21e 22-AUG-18